International logistics and container shipping market update on Asia, Europe and North America routes in the week of 5/2024.

Shipping line ONE has been awarded the Certificate of Approval in Principle (AiP) by DNV for its ammonia dual fuel container ship design. ONE's Ammonia dual fuel vessel

The crisis in the Middle East and the decision by many shipowners to reroute ships around the Cape of Good Hope is consolidating the market and keeping freight rates skyrocketing, which is affecting the market for recycling old ships.

Yang Ming Marine Transport Corporation will not follow other industry players in chartering additional container vessels to capitalize on the Red Sea crisis.

In December, while overall transit trends of the Panama Canal decreased by 42%, the container shipping sector witnessed an increase in transit numbers, with container vessels rising from 5% to 30.6% compared to October.

Maersk has christened its first large methanol-powered container vessel at HD Hyundai Heavy Industries.

International logistics and container shipping market update on Asia, Europe and North America routes in the week of 04/2024.

According to Yannis Chatzitheodosiou, President of the Athens Chamber of Commerce, cargo destined for the port of Piraeus is experiencing delays of up to 20 days, with over 200,000 containers yet to arrive at the port due to the situation in the Red Sea.

THE Alliance, which includes shipping lines Hapag-Lloyd, ONE, Yang Ming and HMM, has announced the suspension of AR1 service from Asia to the Red Sea.