For the first time in the modern era, China can now boast the world’s largest merchant fleet in gross tonnage (gt) terms, edging past Greece, according to data from Clarksons Research. Greece still retains an edge however when the rankings are measured by deadweight (dwt). Japan remains in third...
Network Shipping (NWS), the shipping arm of fruit giant Fresh Del Monte, stands accused of “unfair or unjust discriminatory practices” in a filing with the Federal Maritime Commission (FMC) in the US. The case has been filed by four Ecuadorian exporters and two US importers who claim they lost...
https://splash247.com/del-monte-accused-of-squeezing-competition/
Shippers are now actively rearranging Asian shipments, moving back from the US east coast to the west coast, as the full ramifications of the Panama Canal’s prolonged reduced operational capacity hits home. Facing what it has described as an “unprecedented” drought, the Panama Canal Authority has...
https://splash247.com/shippers-look-for-alternatives-as-panama-canal-delays-lengthen/
Having disappeared from view for more than a month Raymond Chen has returned to work at China United Lines (CULines). Chen, the chairman and CEO of the Chinese carrier, had reportedly been apprehended by Chinese authorities in June, but yesterday he was back at work chairing a management...
https://splash247.com/culines-boss-back-at-work-refutes-financial-difficulties/
Mediterranean Shipping Co (MSC) has returned to China’s Zhoushan Changhong International Shipyard for more LNG dual-fuel containerships. The Swiss-based liner giant has booked 10 10,300 teu vessels for delivery in 2026 and 2027. No price has been disclosed for the latest deal, which brings the...
https://splash247.com/msc-signs-for-10-more-lng-fuelled-boxships-in-china/
The St. Bernard Parish District Attorney’s Office is suing the Port of New Orleans (Port NOLA) to block the construction of a proposed $1.8bn container terminal. The lawsuit was filed in the 34th Judicial District Court and claims that building the giant container terminal would disrupt life at...
Delays at the Panama Canal averaged about 15 to 19 days per vessel in the first week of August, with low water levels in the Gatun Lake restricting the numbers of fully-laden vessels able to make the transit. Effected by what it has described as an “unprecedented” drought, the Panama Canal...
https://splash247.com/growing-panama-canal-congestion-a-rates-wildcard/
A fifth Korean company has emerged as a suitor in the takeover of HMM, the country’s flagship carrier. State-backed creditors have given a deadline of August 21 for bids to be placed for HMM with a view to completing the privatisation of the line by the end of the year. Splash has already reported...
https://splash247.com/fifth-korean-company-linked-with-hmm-takeover/
MSC has acquired the majority stake of AlisCargo Airlines, a Milan-based air freight carrier. The parties confirmed that the transaction is a first step towards the acquisition of 100% of AlisCargo Airlines by MSC, expected to happen at the beginning of 2024, once AlisCargo Airlines will restart...
https://splash247.com/msc-takes-over-milan-air-cargo-carrier/
Shipowner tycoon turned media baron Rodolphe Saadé plans to launch a national Sunday newspaper later this year, according to local media reports in the latest instalment of how one of France’s richest men is spending the millions earned during liner shipping’s purple patch. Saadé, the head of CMA...
https://splash247.com/rodolphe-saade-readies-launch-of-national-newspaper/