Global News
Zim Kingston vessel fire was caused by container collapse
A fire which broke out aboard the Zim Kingston was caused by a container collapse that damaged boxes containing dangerous cargo, a spokesperson for vessel owner Danaos Shipping confirmed today. The 4,253 teu vessel, on charter from the Greek owner, was at an...
APM Terminals places ZPMC order, establishes strategic alliance
APM Terminals and Shanghai Zhenhua Heavy Industries (ZPMC) signed a large equipment purchasing order and formed a strategic alliance to focus on automation. Katherine Si | Oct 25, 2021 To have more access to adequate, state-of-the-art automated...
Maersk makes changes to WCSA services to/from Northern Europe
Maersk announced major changes to its connecting services between the West Coast of South America (WCSA), the Caribbean and Central America to/from Northern Europe that will take effect from January 2022. Michele Labrut | Oct 25, 2021 This includes the closure of...
ZIM buys seven secondhand boxships for $320m
ZIM has acquired seven containerships of between 12 and 14 years old for $320m since the start of October. Marcus Hand | Oct 22, 2021 The vessels purchased are five traditional panamax sized 4,250 teu boxships and two 1,100 teu. The prices of secondhand...
Exporters snap-up capacity as CargoGulf targets stranded freight for Asia
Correction: The Loadstar wishes to make some corrections to the article below that appeared in Tuesday’s edition: Contrary to the article, The Loadstar wishes to make it clear that CargoGulf is not the operator of the panamax vessel Guenther...
Amazon, IKEA and Unilver among shippers make 2040 zero carbon shipping pledge
Amazon, IKEA, and Unilever, are among nine major shippers that have united in a new coalition with an ambition for zero carbon shipping by 2040. Marcus Hand | Oct 20, 2021 The Cargo Owners for Zero Emission Vessels (coZEV) coalition brings together Amazon, Brooks...
President Biden challenges private sector to tackle supply chain logjams
US president Joe Biden has hailed a new 24-hour working system, which he says will help to shift bottlenecks in US supply chains bringing products to market for Christmas. But some industry observers do not share his optimism, believing the shift cannot be made so...
Missing port calls improves liner scheduling, but still delays final cargo delivery
Asia-North Europe ships are taking up to 54 extra days to complete round-trip voyages, due to chronic port congestion at their European hub ports. According to an Alphaliner survey, based on current schedule delays on the services, at least 44 extra ships of...
‘It’s a crazy market out there’ – shipping contract rates jump by 90%
With container spot rates from Asia appearing to have reached a plateau as China begins its Golden Week holiday, the attention has turned to contract rate inflation which, according to Xeneta’s XSI index, is showing a 91% year-on-year gain. The September edition of...
Complaints spark US FMC probe into shipping line bill of lading issues
Maritime regulator the Federal Maritime Commission (FMC) yesterday launched a probe into claims that shipping lines serving the US “may be attempting to hold companies financially responsible for transport services they did not contract for and may not legally be...