Chinese energy giant finds hundred-million-ton oilfield
China's oil sector, notably through the China National Offshore Oil Company (CNOOC), has embarked on an ambitious journey with the groundbreaking discovery at the Kaiping South oilfield. This landmark finding,...
Houthis hit MSC vessel in Gulf of Aden with missile
An MSC-owned container ship was attacked by Houthi rebels while crossing the Red Sea on 4 March. According to the US Central Command, the 1999-built, 2,169 TEU MSC Sky II...
Asia to Europe container exports surge to 16.5 million TEUs in 2023
According to data compiled by the Japan Maritime Center (JMC) using information from Container Trades Statistics (CTS), container exports from Asia to Europe reached 16.58 million TEUs in 2023. The...
CMA CGM revises surcharge from North Europe to Med, Adriatic, Black Sea and North Africa
French ocean carrier CMA CGM has announced a revision of the Peak Season Surcharge (PSS) from North Europe to the Mediterranean, Adriatic, Black Sea and North Africa. Effective from 15...
Lack of newbuildings costs OCEAN Alliance’s Asia-Europe frequency
Since the members of OCEAN Alliance (CMA CGM, COSCO Shipping Lines and Evergreen Marine Corporation) did not have many newbuildings join their fleets, nor reassign vessels from other loops, they struggled...
Two dead, three missing after container ship hits bridge in Chinese port
Two people were killed and three others missing after a boxship hit a bridge in Guangzhou in the southern Chinese province of Guangdong this morning (22 February). Around 5.30 am,...