One of the world’s largest boxships is being inspected for any damages following a brief grounding incident in the UK yesterday.
FRENCH shipping giant CMA CGM will levy a US$500 per TEU rate increase on all Asian cargo - except on shipments from Japan - to Red Sea ports starting September 8.
HONG KONG's Kerry Logistics Network's first half net profit increased one per cent year on year to HK$548 million (US$70.6 million), drawn on revenues of HK$10.14 billion, up six per cent.
THE west lane of Miraflores Panama Canal locks will be out of commission until Friday while dry chamber seal repairs on done on the Miter gates 106-107, 114-115, 118-199 and 122-123.
THE idle containership fleet has grown back to more than one million 20 TEU after a brief dip in July, with rising unemployment impacting all vessel sizes, says Paris-based Alphaliner.
TWO d'Amico engineers face a maximum penalty of five years in prison and fines of up to US$250,000 after admitting before a US district judge in Newark that they concealed the discharge of oily waste into the sea. Sentencing is scheduled for November 21.
INTRA-ASIA carrier and logistics firm SITC International Holdings posted a first half net profit decline of 0.01 per cent to US$71.31 million, drawn on revenues of $602.41 million, which fell 7.5 per cent year on year.
JAPAN's exports fell 14 per cent in July, the fastest rate since the global financial crisis, mainly due to the stronger yen coupled with the challenge of relatively weak global markets.