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So far has created 210 blog entries.

Around 500kg of cocaine found in containers at Belgian port

October 17th, 2021|

Belgian Police and Customs officers were in for a treasure trove last week, when they discovered about 500kg of cocaine stashed in containers carrying printing paper in the port of Ghent.

Teaming up with the Belgian and Dutch Customs, as well as the Shipping Police, the Federal Judicial Police in East Flanders […]

Euroseas Reveals Staggering $200,000 Per Day Charter for Panamax Containership

October 15th, 2021|

Athens-based Euroseas Ltd. (NASDAQ: ESEA) say it has entered into a new record-setting time charter contract for its 2009-built panamax capacity MV Synergy Oakland for a mind-boggling $200,000 per day rate.

The minimum two-month (60 day) contract is expected to commence in the second half of October when the 4,250 TEU capacity […]

Maersk warns of risks of missing Christmas rush

October 13th, 2021|

Maersk, the world’s largest containerline, has given customers a snapshot of how it sees the year playing out with plenty more disruption on the cards for global supply chains.

In a note to clients in Asia-Pacific yesterday, Maersk stated China’s imminent October Golden Week, Christmas and Chinese New Year will bolster strong […]

Boxship charter rates now stand 128% above previous 2005 peak

October 11th, 2021|

Containership charter rates now stand at more than double their previous peak 16 years ago. Charter rates for shipping’s hottest sector have more than quadrupled from the start of this year and are now 128% above the previous 2005 peak, according to Clarkson Research Services. 1,700 teu ships are now able to command […]

China reveals largest ever drop in monthly steel output as struggling property developers roil markets

October 10th, 2021|

Amid the bullish pronouncements for the cape sector, one alarming statistic has given owners pause for thought. Beijing revealed this week that Chinese steel output dropped by more than 12% in August to 83.2m tonnes, the greatest year-on-year slump since the global financial crisis, according to data from brokers Braemar ACM. In absolute […]

Container ships now piling up at anchorages off China’s ports

October 7th, 2021|

There are over 60 container ships full of import cargo stuck offshore of Los Angeles and Long Beach, but there are more than double that — 154 as of Friday — waiting to load export cargo off Shanghai and Ningbo in China, according to eeSea, a company that analyzes carrier schedules.

The […]

Moderna chief executive sees pandemic over in a year – newspaper

October 6th, 2021|

Moderna Inc (MRNA.O) Chief Executive Stéphane Bancel thinks the coronavirus pandemic could be over in a year as increased vaccine production ensures global supplies, he told the Swiss newspaper Neue Zuercher Zeitung.

“If you look at the industry-wide expansion of […]

Maersk offloads container manufacturer for $987.3M

October 1st, 2021|

Danish container logistics giant A.P. Moller – Maersk has decided to sell its reefer manufacturer, Maersk Container Industry (MCI), to China International Marine Containers Ltd. (CIMC).

                                             Charter vessel Maersk Denver. Courtesy of Maersk

The value […]

India seizes $2.7bn of heroin from Afghanistan at port

October 1st, 2021|

Nearly three tonnes of heroin with a street value of $2.7bn (£2bn) from Afghanistan have been seized from a western Indian port in a major bust, officials said.

Two Indians were arrested after the heroin, which was kept in two containers marked as carrying talc, was found by the Directorate of Revenue […]

Wan Hai embarks on another round of container orders

September 30th, 2021|

Wan Hai Lines has ordered more containers as liner operators continue to manage the equipment crunch.

The Taiwanese intra-Asia carrier confirmed an order of 48,000TEU of dry containers, comprising 30,000TEU from China International Marine Containers (CIMC) and 18,000TEU from Xiamen Pacific Container Manufacturing.

The total cost will come up to US$148.6 […]