The Transpacific Stabilization Agreement, a legacy of container shipping’s old ‘conference’ system that set prices and coordinated the behavior of shipping lines, is to close next month after concluding that its original mission was no longer viable.
Space will remain tight on key ocean trades out of Asia until the start of factory shutdowns for Chinese New Year from 16 February, giving lines hope of a rates spike in the next two weeks, according to leading forwarders.
After more than one year of construction since July 2016, the project of expanding Tien Sa phase II, invested by Da Nang Port without ODA fund are gradually completed in basic construction items,…
The Lunar new year is coming soon, all of us will have a long holidays soon with beloved relatives and friends, we would like to update some information from some ports and airports…
Maersk Line has announced that it has reached an agreement with Oetker Group to acquire German line Hamburg Sud. Financial details of the transaction were not revealed. Hamburg Sud has a fleet of around…
Maersk Line and MSC, who make up the 2M network, have moved to snaffle up business that was previously controlled by defunct Hanjin Shipping. Maersk Line is introducing a new service between Asia…
Splash has been given exclusive access by BigOceanData to its proprietary system allowing readers to see where all Hanjin Shipping vessels are around the world. The access shows that most previously stranded ships…
South Korea’s Hyundai Merchant Marine (HMM) and compatriot carriers Korea Marine Transport, Sinokor Merchant Marine and Heung-A Shipping have formed a vessel-sharing alliance that plans to fill in for bankrupt Hanjin Shipping. The…