FREIGHT NEWS

TS Lines recovers investment through record vessel charter
TS Lines recovers investment through record vessel charter

Taiwanese intra-Asia carrier TS Lines has recouped the US$6 million it paid to acquire a 2007-built, 2,500TEU ship, after chartering out the vessel for a record amount.

Major container lines push up Europe and Med rates
Major container lines push up Europe and Med rates

Three of the largest container shipping companies in the world, Hapag-Lloyd, MSC and CMA CGM have announced new rates from/to Europe and the Meditteranean, which will be effective from August and September.

Covid-19 hits Ningbo, fears of “the next Yantian”
Covid-19 hits Ningbo, fears of “the next Yantian”

Liner operators have advised customers to expect delays following the closure of Ningbo Meishan Island International Container Terminal (MSICT) after a worker there tested positive for Covid-19.

Port congestion clears in Chittagong
Port congestion clears in Chittagong

Although most of the regional and transshipment ports are facing acute congestions, the Chittagong port is now free of vessel crowed.

2M Alliance updates Far East Asia – North Europe routings
2M Alliance updates Far East Asia – North Europe routings

2M Alliance, which includes Maersk and MSC, has announced several reschedules in two of its services which connect Far East Asia with North Europe.

HMM achieves record profits and increased volumes during 2021 H1
HMM achieves record profits and increased volumes during 2021 H1

HMM has reported its highest operating profit in its history of US$2.06 billion in the first half of 2021 with a margin of 45.1%, while the companys revenue almost doubled to US$4.56 billion, compared to 2020 H1.

Carriers divert vessels from Ningbo, as fears of 'another Yantian' grow
Carriers divert vessels from Ningbo, as fears of 'another Yantian' grow

Ships are beginning to divert from Ningbo to Shanghai, following yesterday’s decision to close the Ningbo Meishan Island International Container Terminal (MSICT) due to Covid.

Port of Oakland volumes dip in July
Port of Oakland volumes dip in July

The port of Oakland has recorded a year-to-date volume increase in July but a decline in comparison to the same period of last year.


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