Panama Canal fees increase postponed for June

The Panama Canal Authority (ACP) has announced that it will postpone price increases on canal transit fees which were due to come into effect today, 15 April. The decision follows a joint letter sent by the International Chamber of Shipping (ICS), Asian Shipowners’ Association (ASA), and European Community Shipowners’ Association (ECSA), expressing concerns over the.

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MSC rolls out new ocean-rail service from Asia to Europe

Swiss-headquartered containerline Mediterranean Shipping Company (MSC) is expanding its services portfolio with the launch of a new intermodal solution between Asia and Europe. The move comes in response to demand for overland carriage of cargo, amid the challenging container-carrying market and ongoing impact of the Suez Canal disruption, MSC said. The world’s second largest carrier.

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More trouble for Evergreen Suez Canal ship, now being held captive

The world cheered when the meme-worthy Evergreen cargo vessel called the Ever Given was freed from the sides of the Suez Canal, but the ship still hasn’t left the waters there. That’s because Egyptian authorities, which control the canal, are investigating what happened and have said they will only let the boat go on its way after the ship’s owners.

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2021 could be even better for container shipping

Ocean carriers enjoyed their best quarter in container shipping history in the final three months of 2020, but are expected to have significantly topped that record in the first quarter of this year. According to New York-based Blue Alpha Capital, fourth-quarter net earnings for the 11 carriers that report their financials came in at $5.8bn,.

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