Container shipping boom continues: Hapag-Lloyd hikes outlook (again)

As great as 2021 was for container shipping lines, this year is turning out better. Germany’s Hapag-Lloyd has just raised its earnings outlook again. The world’s fifth-largest liner operator said Thursday that it will post earnings before interest, taxes, depreciation and amortization of $10.9 billion for the first half of this year. This translates into …

First direct China to Scotland container shipping service launched

The new freight route will connect Chinese ports to Greenock Ocean Terminal in August. Connecting various Chinese ports to Greenock Ocean Terminal, the move will provide Scottish importers and exporters with a direct port of call to the country. The East and West bound freight route has been launched following a partnership between KC Liner …

Ocean Yield snaps up another methanol-ready boxship newbuild

Norwegian owner Ocean Yield has agreed to buy another 5,500 teu container vessel under construction in South Korea. As with the previous acquisition announced in June, the vessel will be built at HJ Shipbuilding and Construction, formerly known as Hanjin Heavy Industries & Construction, with delivery expected in May 2023, Ocean Yield said in a regulatory filing. …

Maersk – Administrative fee for mis-declared cargo information

An improper declaration of goods leads to risk exposure of our crew, environment, cargoes, fleet, and facilities therefore, in August 2019 we introduced an administrative fee for misdeclared cargoes (MID). Risks and safety issues from incorrect declaration can include, but are not limited to leakages, moving cargo, chemical reactions, cargo fires and explosions that consequently …

Temporary Port Rotation Changes on Asia to USEC Network

Due to the ongoing challenging market situation generating congestion and schedule delays across the supply chain, MSC would like to inform you of the following rotation changes on our Asia-US East Coast network, effective early August 2022.  Our Liberty service will omit New York until further notice, starting with ZIM PUSAN, voyage 08E, ETA Tanjung …

Europe and Japan team up to slash methanol production costs

A group of European and Japanese researchers have been working to develop processes to optimise CO2 hydrogenation in terms of energy efficiency and production cost to produce e-methanol for transport, including ocean shipping. Under the so-called Laurelin project, backed by the EU and Japan, ten research expert organisations are looking into the microwave heating, plasma …

Online dating service Reviews 2022

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MSC’s ports division readies €700m investment at Le Havre

Terminal Investment Limited (TiL), the ports division of leading liner Mediterranean Shipping Co (MSC), has become the sole shareholder of the TPO/TNMSC container terminals at Le Havre, and announced a sizeable €700m ($700.65m) investment programme that promises to shake up the box port hierarchy in the fiercely competitive northern Europe area. The six-year investment will …

Singapore tops another maritime hub survey

The accolades for Singapore’s maritime prowess show no sign of drying up. The Southeast Asian city-state has secured the top spot once again in the Xinhua-Baltic International Shipping Centre Development Index Report released today. It is the ninth consecutive year that the report – published jointly by Chinese state news agency, Xinhua, and global maritime …

MSC eyes Vietnamese megaport project

Mediterranean Shipping Co (MSC) is involved in plans to develop Vietnam’s largest box port complex. Terminal Investment Limited (TIL), MSC’s port subsidiary, has tied up with Vietnam National Shipping Lines and Saigon Port, to press ahead with a massive transhipment hub in Can Gio, to the south of Ho Chi Minh City. The port proposal …