NEWS

Container lines see important decline in revenues and earnings in 2023 first quarter
Container lines see important decline in revenues and earnings in 2023 first quarter

Sea-Intelligence said there were indications of a weakness in the market in the second half of 2022, which has manifested fully in the first quarter of 2023.

OOCL’s new mega vessel to enhance Asia-Europe network
OOCL’s new mega vessel to enhance Asia-Europe network

Orient Overseas Container Line (OOCL) hosted the naming ceremony of a brand-new 24,188 TEU vessel at the Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS) shipyard.

DP World completes Vancouver port expansion
DP World completes Vancouver port expansion

DP World and the Vancouver Fraser Port Authority have celebrated two historic events – the completion of the Centerm Expansion Project at DP World Vancouver, and the 100th anniversary of the port’s marine terminal operations.

ZIM reports 769,000 TEUs in the first quarter of 2023
ZIM reports 769,000 TEUs in the first quarter of 2023

ZIM Integrated Shipping Services, a worldwide container liner shipping firm, has released its consolidated results for the three months ending 31 March 2023.

Port of Los Angeles handles 688,000 TEUs in April
Port of Los Angeles handles 688,000 TEUs in April

The Port of Los Angeles processed 688,110 TEUs in April, a 22% decrease compared to last April, which was the second busiest on record.

ZIM invests in Spinframe
ZIM invests in Spinframe

Israeli ocean carrier ZIM, along with other investors, announced the initial closing of a US$8 million financing round in Spinframe.

April container volumes increase at Saudi Ports
April container volumes increase at Saudi Ports

Saudi Ports Authority (MAWANI) announced that its container throughput in April 2023 grew at an annual rate of 13.34% from 601,429 TEUs to 681,663 TEUs as per monthly statistics.

Cyclone Mocha forces 60-hour operation closure at Chittagong port
Cyclone Mocha forces 60-hour operation closure at Chittagong port

The operations at the Chittagong port, Bangladesh’s prime seaport, had remained suspended over two days as the super cyclone Mocha approached and crossed the country on Sunday, 15 May.


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