Mega-Container Vessels Return to the Suez Canal Despite Persistent Red Sea Risks
Despite ongoing maritime security concerns across the Red Sea, the number of ultra-large container vessels transiting the Suez Canal surged to 166 ships in the third quarter of 2026. Maritime consultancy Drewry notes that this pivot is driven not merely by voyage economics, but by broader network optimization and fleet capacity utilization.
Ship Recycling Activity Drops to More Than 50-Year Low as Global Fleet Faces Rapid Aging
Demolition volumes have hovered at multi-decade lows for five consecutive years, allowing more than 340 million GT of commercial tonnage to cross the 20-year threshold as lucrative trading earnings keep aging ships at sea.
ClarkSea Index Sets Fifth Consecutive Record as Daily Vessel Earnings Reach $84,951
The ClarkSea Index rose 12% in a week to $84,951 per day, setting a new record for the fifth consecutive week. Earnings in the crude tanker segment surged, while other shipping segments posted mixed results.
International Shipping and Logistics Market Update Week 41/2026 | Phaata
The international logistics marketplace platform Phaata provides an update on the international container shipping and logistics market for routes from Asia to North America, Europe, and more for Week 41 (from Oct 5 - Oct 11), 2026.
Ocean Shipping Disruptions and Tariff Uncertainties Drive Incremental Air Freight Demand in Q4
Persistent maritime bottlenecks alongside looming tariff shifts could trigger an ocean-to-air modal shift through the fourth quarter, as high-tech hardware, semiconductors, and year-end retail volumes place added strain on key Asian export gateways, according to Dimerco.
MSC and ONE to Continue Ipanema Service Under New VSA from April 2027
MSC and Ocean Network Express (ONE) will continue operating the Ipanema service connecting Asia and the East Coast of South America under a new vessel sharing agreement (VSA) from April 2027, following Hapag-Lloyd’s withdrawal from the existing agreement.
COSCO SHIPPING Holdings Expands Asia-Pacific Service Network
COSCO SHIPPING Holdings is reinforcing its regional footprint across the Asia-Pacific through synchronized service rollouts across its dual liner brands, COSCO SHIPPING Lines and OOCL, integrating new feeder loops, hinterland intermodal corridors, and AI-driven digital tools.
Around 12% of Global Containership Capacity Affected by Port Congestion
Around 12% of global containership capacity is currently affected by port congestion, the highest level in four years, as schedule disruptions and vessel bunching reduce the effective capacity available to shippers.
International Shipping and Logistics Market Update Week 40/2026 | Phaata
The international logistics marketplace platform Phaata provides an update on the international container shipping and logistics market for routes from Asia to North America, Europe, and more for Week 40 (from Sep 28 - Oct 4), 2026.
Ever Given shipowner blames SCA for Suez canal blockage
The owner of the Ever Given ship, which ran aground in the Suez Canal in March, blamed the Suez Canal Authority (SCA) for the accident and demanded an initial compensation of $100,000 for the detention of the ship.
CU Lines upgrades its Asia-Europe service
CU Lines has started to increase the frequency and capacity of its Asia-Europe service starting from June.
Container throughput at China's main ports up 15% in April
Container throughput at China's eight major ports rose 15% year-on-year at the end of April, with container exports up 17.5%, according to statistics from the China Seaports Association.
Soaring revenue brings record profits for HMM
HMM reported its highest-ever operating profit for Q1 2021 with strong increases in volumes and freight rates.
Evergreen's revenue up 35 percent in Q1
Evergreen's revenue was up 35% to TW$64.69 billion (US$2.27 billion), according to preliminary unaudited figures disclosed on 6 May.
Maersk forecasts that 2021 profits could double the target
Maersk forecasts that its full-year net profit could be twice as high as previous estimates, reaching between USD 9 billion and USD 11 billion.
Wan Hai launches new services to meet the Vietnamese market demand
Wan Hai opens CI8 transport service connecting South China, Vietnam and Western India and VTV2 service connecting Taiwan-Vietnam-Thailand weekly.
COSCO's Q1 profit was 26 times higher than the same period in 2020
COSCO Ship Holdings (CSH) announced its first quarter 2021 net profit increased 26 times to CNY 17.8 billion (USD 2.71 billion), due to the strong recovery of the container shipping industry.
MSC deploys global electronic bill of lading (eBL)
An electronic bill of lading (eBL) allows shippers and supply chain stakeholders to receive and transmit bill of lading documents electronically without any changes or interruptions to the bill of lading in business activities.
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