Container Shipping Line News

U.S. ocean shipping company Matson MATX.N has paid $6.4 million in port fees to China since they were implemented on October 14, CEO Matt Cox said on Tuesday.President Donald Trump and President Xi Jinping last week agreed to put those tit-for-tat levies on pause for 12 months, starting on November 10. Media outlets in China had reported that Hawaii-based Matson, one of a handful of global shipping firms with U.S.-built and -flagged vessels, was the first to pay the fees in China.Matson expects the U.S.

CMA CGM will register 10 container vessels to be delivered in the next three years under the French flag, adding more seafarers from its home country after facing calls to contribute more to France's debt-stricken economy.CMA CGM, the world's third-largest container shipping line, will recruit 135 French seafarers at an additional cost of 15 million to 17 million euros ($17.49 million-$19.83 million) per year compared with foreign flag registrations, it said on Tuesday.While a small investment compared with the $2 billion construction cost of the ships…

French shipping giant CMA CGM said on Tuesday it is interested in taking over some of CK Hutchison's ports after the Hong Kong conglomerate's exclusive talks ended with a consortium led by BlackRock this week.CK Hutchison agreed in March to sell the majority of its $22.8 billion global ports business to the consortium also including Italian billionaire Gianluigi Aponte's family-run shipping company MSC, but the exclusive talks expired on Sunday.Gaining a stake in CK Hutchison's…

French shipping group CMA CGM will reorganise its global fleet to avoid U.S. port fees on Chinese-built vessels that are due to take effect from October, the company's finance director said.The port charges are another operational headache for shipping firms wrestling with the fallout from U.S. tariffs, though adjustments made by Washington after an industry backlash have made the fee scheme less disruptive than feared, Ramon Fernandez, CMA CGM's chief financial officer, told Reuters.U.S.

Shipping giant CMA CGM and tech startup Mistral AI expect rapid productivity gains from a 100 million euro ($110 million) partnership unveiled on Sunday, which the French firms also touted as a commitment to their home country amid the global trade tensions.The five-year partnership, which will bring CMA CGM's AI-related spending to 500 million euros ($550 million), will focus on customer service in shipping and logistics and factchecking at its French media businesses that include news channel BFM TV.In a joint interview with Mistral's co-founder and CEO Arthur Mensch…

U.S. proposals to hit Chinese vessels with high port fees would have a major impact on all firms in a container shipping industry in which most vessels are built in China, French-based shipping firm CMA CGM said on Friday.The U.S. Trade Representative's office has proposed charging up to $1.5 million for Chinese-built vessels entering U.S. ports as part of its investigation into China's expansion in the shipbuilding, maritime and logistics sectors."China builds more than half of all container ships in the world…

Shipping giant CMA CGM said on Thursday that brisk international trade and Red Sea disruption supported its main maritime division in the second quarter and should limit any market slowdown later this year as new ship capacity arrives.The world's third-largest container shipping line reported a 6.8% year-on-year increase in volumes in the second quarter. Volumes also rose more than 6% from the first three months of the year when the group started seeing an upturn in demand.Restocking by U.S.

A new container shipping line has been launched in Saudi Arabia.The newly formed company, Folk Maritime, will provide feeder vessel and short-sea shipping services in the Middle East and the surrounding region.The Riyadh-headquartered company is led by CEO Poul Hestbaek, who previously served as CEO of Maersk's Hamburg Sud.Other executives include chief commercial officer Saleem Kadernani, chief financial officer Khalid Fawzi and chief human resources officer Abdulrahman Alshangiti.

Global container shipping line Evergreen Marine Corporation has signed a memorandum of agreement (MOA) with X-Press Feeders, the world’s largest independent common carrier, to place its containers on X-Press Feeders’ new dual fuel green methanol vessels. X-Press Feeders is planning to run these vessels on green methanol and operate them within Europe.The two companies moreover will work together to launch a feeder network, which will be the first in Europe to be powered by green methanol.Initially…

Yemen's Houthis have been targeting vessels in the southern Red Sea and the Bab al-Mandab Strait in attacks that the Iran-aligned group says aim to support the Palestinians as Israel and Hamas wage war.Several freight firms including MSC, the world's largest container shipping line, said they would avoid the Suez Canal as a result, which could mean having to circumnavigate Africa instead.War risk insurance premiums have risen as a result.WHAT ARE THE RECENT HOUTHI ATTACKS?* Dec.

Commercial ships face increasing dangers at sea after armed groups have attacked and seized vessels in waters around the Red Sea and off the coast of Yemen, adding to perils for seafarers, shipping officials said on Wednesday.An attempted hijacking of a commercial vessel in the Gulf of Aden on Sunday appears to have been carried out by armed Somali pirates and not Yemeni Houthis, despite the firing of missiles from Houthi-controlled territory in Yemen afterwards, the Pentagon…

Taiwanese container shipping line Evergreen has declared force majeure on a shipment to the Israeli port of Ashdod, with its Ever Cozy vessel diverted to Haifa further north due to safety concerns, according to a customer note.This is one of the first force majeures declared since Hamas Islamists launched attacks on Israel on Oct. 7, amid preparations by Israel's military to launch ground operations into Gaza in retaliation.The Ever Cozy was sailing towards Haifa port on Tuesday, according to data from ship tracking and maritime analytics provider MarineTraffic.Israel has vowed to annihilate Hamas Islamists after its fighters stormed through Israeli towns from Gaza…

The backlog of ships is growing at Israeli ports while operations continue at most terminals amid preparations by the military to launch a ground assault in the Hamas-controlled Gaza Strip, according to data and sources.Israel has vowed to annihilate Hamas in retaliation for a rampage in which its fighters stormed through Israeli towns a week ago, shooting civilians and seizing scores of hostages in the worst attack on civilians in Israel's history.Israel has faced heavy rocket barrages including in the south of the country…

The largest terminal at Southern California's Port of Long Beach closed on Monday as dockworkers who have been working without a contract since July rally for better pay.The Port of Long Beach is the second-busiest U.S. container terminal and a key trade gateway. Monday's closures followed similar disruptions on Friday in Oakland, California.Total Terminals International LLC (TTI) in a notice to customers said all appointments were canceled for the first gate shift. Mediterranean Shipping Company SA (MSC)…

French container shipping line CMA CGM has ordered 16 containerships from China State Shipbuilding Corporation (CSSC) in a record-setting deal worth upward of $3 billion.The 21 billion Yuan ($3.06 billion) shipbuilding order, said to be the largest ever placed for containerships in China, is for 12 methanol dual-fuel 15,000 TEU vessels and four liquefied natural gas (LNG) duel-fuel 23,000 TEU vessels.The 15,000 TEU ships will be constructed at Jiangnan Shipyard and Dalian Shipbuilding Industry (DSIC)…

A fire that engulfed hundreds of shipping containers at Turkey's Iskenderun Port after massive earthquakes in the region has been extinguished, the defense ministry said on Tuesday, but it was not clear when operations would resume at the port.Turkey's maritime authority said on Monday that the port, located on the Mediterranean coast in the southern province of Hatay, was damaged due to the earthquake that struck Turkey and neighboring Syria.Drone footage showed fierce flames blackening hundreds of containers on the dock…

Hundreds of shipping containers were ablaze at Turkey's Iskenderun Port on Tuesday, shutting down operations and forcing freight liners to divert vessels to other ports.Turkey's maritime authority said on Monday that the port, located on the Mediterranean coast in the southern province of Hatay, was damaged due to the earthquake that struck Turkey and neighbouring Syria.Drone footage showed fierce flames blackening hundreds of containers on the dock, with water jets from a fire truck dwarfed by the scale of the blaze that broke out on Monday.

Container shipping firms MSC Mediterranean Shipping Company (MSC) and Maersk have mutually agreed to terminate, effective in January 2025, their 2M alliance.2M is a container shipping line vessel sharing agreement (VSA) introduced in 2015 " with the aim of ensuring competitive and cost-efficient operations on the Asia-Europe, Transatlantic and Transpacific trades."In a joint statement on Wednesday, CEO Vincent Clerc of A. P. Moller - Maersk, and CEO Soren Toft of MSC said:“MSC and Maersk recognize that much has changed since the two companies signed the 10-year agreement in 2015.

Global container shipping line MSC Mediterranean Shipping Company (MSC) has signed a contract with classification society DNV that aims to address a growing problem within the maritime industry: lost containers at sea.The deal, signed Wednesday at the SMM trade fair in Hamburg, will see MSC implement DNV's new Anti-Roll Assist system and ARCS (Anti-Roll for Containerships) class notation in some 100 vessels, making it the first global liner company to install the application and…

Cavotec reports it has won a shore power order valued at €15.7 million from a major global container shipping line. Deliveries are scheduled to start in the fourth quarter of 2022 and continue throughout 2023 and 2024.Cavotec is to supply its ship-mounted shore power systems for a series of newbuild containerships. These systems connect ships to shoreside electrical power in ports, enabling dramatic reductions in emissions of carbon dioxide, nitrogen and sulphur oxides, as well…

French container shipping line CMA CGM said it will no longer carry plastic waste aboard its ships."As part of its renewed commitment towards more sustainable trade, the CMA CGM Group announced its decision to no longer carry plastic waste on our ships as of June 1st, 2022. This landmark decision in the shipping industry will help protect the oceans and biodiversity," the company said in a letter to customers. The firm said plastic waste will no longer be loaded onto its vessels from April 15, 2022.

Smart network company Marlink announced it is partnering with MSC Mediterranean Shipping Company, the world’s largest container shipping line, to support the shipping company’s digitalization goals, using Marlink’s hybrid network solutions and IT management.Marlink deploys a fully managed hybrid network solution, bundling its VSAT connectivity with L-band backup and global 4G connectivity on 127 vessels, providing MSC with seamless, secure connectivity to run its critical business and crew applications.

Shipowner SFL Corporation Ltd. announced Monday that it has agreed to charter out six 14,000 TEU containerships to German container shipping line Hapag-Lloyd AG for a fixed period of five years, following the expiry of the vessels’ existing charters to another container line in 2023-2024.The vessels will have charter coverage until 2028-2029 at firm rates, reflecting the current strong container market, SFL  said.The new time charter contracts will add approximately $540 million to SFL’s fixed rate charter backlog, increasing the backlog to $3.8 billion, the company added. Ole B. Hjertaker, CEO of SFL Management AS, said, "We are excited to build a long term relationship with Hapag-Lloyd, who is the world’s fifth largest container line.