The executive director of the Port of Los Angeles thinks a tentative agreement between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) on a new labour contract is imminent. “I believe we are on the doorstep of a...

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Due to high ship prices, orders received by Japanese shipping companies continued to decline. However, the number of orders in hand continued to grow, hitting a new high in the past four years. On May 17, the Japan Ship Exporters Association (JSEA) released the order...

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Foreign container lines were widely blamed for stratospheric freight rates during the supply chain crisis. President Joe Biden proclaimed last June he was “viscerally angry” at the “rip-off,” clenching his fist and saying he felt like “popping someone,” presumably a...

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Americas clean Medium Range tanker owners are looking to carry crude oil, dirtying up Medium Range and Long Range 1 refined products tankers, to take advantage of higher time-charter equivalent earnings in the small and midsize crude tanker sector. After a slowdown on...

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On May 8, COSCO SHIPPING Heavy Industry (Yangzhou) started to build the second 700 TEU electric container ship (N998) owned by COSCO SHIPPING Development, in the presence of the shipowner, ship survey authority, maritime department, and shipyard. The 700TEU electric...

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According to consultancy Linerlytica, Transfar Shipping, BAL Container Line and container maker China International Marine Containers (CIMC), which started a China-US west coast service in 2021, have withdrawn from the long-haul lane. Official comment from Transfar...

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