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Recent Articles

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Commentary: Weaker demand for Chinese goods spells end of shipping boom; Bloomberg says good times for shipping industry may not continue beyond 2023 given all the new ship launches and capacity hitting the water, which will dampen spot/contractual rates

DP World announces its London Gateway terminal has handled its 10-millionth container since opening in 2014; terminal transported 1.8 million TEUs last year and is expected to increase capacity by a third with new €350M berth to open in 2024

Maersk signs 15-year lease for newly built, over 600,000-sq-ft. warehouse in Doncaster, England, which is one of the largest in UK; company also signs lease on two new distribution sites in Dublin, which will be built to LEED Gold sustainability standards

MSC to introduce call to Himalaya Express Service to connect Jeddah Islamic Port in Saudi market with 10 global ports; service to include 11 vessels with capacities of 14,000-TEUs, port was listed 8th on World Bank's 2021 Container Port Performance Index

MSC to develop air cargo solution in response to customer demand, as complementary service to container shipping solutions; company says solution to be available by early 2023, has appointed Jannie Davel, formerly of Delta Cargo and DHL, to build team

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