Written by The Alliance, a strategic shipping partnership group consisting of four companies, including Korea’s HMM, Japan’s Ocean Network Express (ONE), Taiwan’s Yang Ming Shipping, and Germany’s Hapaakreut, announced that it will reorganize the Asia-North America West Coast route from October 8. A total of two services, including PN3 and PN2, will be reorganized. PN3 service will … Continue reading “The Alliance temporarily suspends flight 1 between North America and the West Coast.”
ZIM is to start a new service connecting Asia with the West Coast of South America.Branded ZIM ‘Albatross’ service (ZAT), the new line will call at Xingang, Qingdao,Shanghai, Ningbo, Pusan, Lazaro Cardenas, Buenaventura, Guayaquil, Callao, San Antonio,Pusan, Xingang. A fleet of nine vessels, whose size has yet to be specified, is expected to beused on … Continue reading “ZIM to start Asia-WCSA service”
A total of 62 neo-panamax ships (NPX) in the size range of 13,000 to 16,550 teu will enterservice in the course of 2023. These ships represent a capacity of 928,000 teu or 39% of allnew teu slots being added to the fleet this year.Nineteen of these new neo-panamaxes have already joined Asia – North America … Continue reading “Neo-panamax vessels spread to North-South trades”
Due to the diversification of the global supply chain, there is a boom in investment in ports and logistics facilities in South America, which is rapidly emerging as a major production hub. Rhenus Group: Acquires a South American forwarder (BLU Logistics) and acquires a large stake in a port agency based in six South American … Continue reading “Sourcing shift causes surge in South American logistics investment”
According to the U.S. fourth quarter *Logistics Confidence Index, retailers expect sales this year to increase compared to last year, but are uncertain whether this increase in sales will lead to new demand for restocking. < In response to this, BlueGrace Logistics explains that in response to consumption uncertainty, retailers are switching to a just-in-time … Continue reading ” Uncertain US shippers shifting freight, altering inventory strategies”
Maersk Group of Denmark and the French carrier group CMA CGM have decided to join forces in the field of shipping decarbonization. The global number two and three in terms of fleet size have both set a net-zero target for their shipping business. Maersk and CMA CGM have now jointly identified scalable solutions that can … Continue reading “CMA CGM and MAERSK team up in decarbonization effort”
The German ocean carrier Hapag-Lloyd has embarked on a vessel enhancement program that will give a series of seven Samsung-built 8,004 teu sister ships a major mid-life upgrade. Apart from a general overhaul, the shipping line’s seven T-class sisters will be converted to increase their nominal container intake by around 1,000 teu. This will be … Continue reading “Hapag-Lloyd’s T-Class ships get major mid-life upgrade”
ZIM is to start a new service connecting Asia with the West Coast of South America. Branded ZIM ‘Albatross’ service (ZAT), the new line will call at Xingang, Qingdao, Shanghai, Ningbo, Pusan, Lazaro Cardenas, Buenaventura, Guayaquil, Callao, San Antonio, Pusan, Xingang. A fleet of nine vessels, whose size has yet to be specified, is expected … Continue reading “ZIM to start Asia – WCSA Service”
Establishment of C2X Green methanol project promoted in Suez Canal and Spain AP Moeller Holdings announced that it, in collaboration with its affiliate Maersk, established ‘C2X’, a company that forms, owns, and operates assets for large-scale production of green methanol. C2X plans to respond to future green methanol demand by investing funds into green methanol … Continue reading “Denmark’s Maersk aims to produce 3 million tons of green methanol per year by 2030”
The volume of cargo between Korea and Central and South America increased for 7 consecutive months. Despite the shipping companies’ efforts to control supply, including a series of temporary cancellations (blank sailing), they failed to defend freight rates.Freight rates fell below the $2,000 level in four months, and the cargo load ratio of shipping companies … Continue reading “Central and South American routes/dong-term freight rates collapsed to 2,000 won in 4 months… The load factor of ships is only around 80%.”