Having learnt lessons from the closure of Yantian Port earlier in the summer, several carriers are not hanging around waiting for Ningbo Meishan Island Container Terminal to open anytime soon, […]
Container lines fear further congestion following an outbreak of Covid-19 at a container terminal at Ningbo port’s Meishan Island. Ningbo Meidong Container Terminal, a subsidiary of Ningbo Zhoushan Port Co, […]
Spot rates for capesize bulkers have reached their highest point in three months as fixtures for iron ore deliveries from Brazil to China escalate amid tightening supply. The capesize 5TC, […]
Hapag-Lloyd profits rose tenfold in the first half of the year on the back of the exceptionally strong container market. The world’s fifth-largest liner operator reported group profit of €2.72bn […]
Bulker owners may not always see eye to eye, but many agree that their red-hot market will not cool down anytime soon. Since August 2020, spot rates across the sector […]
The stage is set in Washington DC for a bitter fight between global carriers and politicians. A bipartisan pair of lawmakers, pressed by agricultural exporters, yesterday introduced the Ocean Shipping […]
Operations at a terminal of the world’s largest port were suspended today following a single case of Covid-19 being detected on a 34-year-old worker. Ningbo-Zhoushan port has started to turn […]
Taylor Maritime Investments (TMI) has concluded its plans to acquire seven secondhand Japanese-built geared handysize bulk carriers. The London Stock Exchange quoted company said that the ships, which it did […]
Dry bulk operators in the Pacific region are concerned about the potential impact of Indonesia’s decision to suspend coal exports from several key producers. The Indonesian government has reintroduced sanctions […]
A large drop in freight rates registered by the Baltic Exchange’s benchmark container index is being attributed to a technical issue. The Freightos Baltic Index (FBX) on Friday reported its […]
