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Container Shipping on Track for Record Growth Despite Earning Setbacks

Container Shipping on Track for Record Growth Despite Earning Setbacks

By The Maritime Executive
August 10, 2023
The containership sector continues to set new records despite the overall downturn in volumes and rates which is contributing to a near-term dramatic drop in the carriers’ revenues and net income. In...
Rotterdam’s Largest Cocaine Seizure as Efforts Expand to Stop Smuggling

Rotterdam’s Largest Cocaine Seizure as Efforts Expand to Stop Smuggling

By The Maritime Executive
August 10, 2023
Prosecutors in the Netherlands confirmed the largest-ever individual seizure of cocaine being smuggled through the port of Rotterdam. The discovery was made last month but only now released with few d...
MSC Places Further Order for 10 Additional 10,300 TEU LNG Boxships

MSC Places Further Order for 10 Additional 10,300 TEU LNG Boxships

By The Maritime Executive
August 9, 2023
Mediterranean Shipping Company’s (MSC) appetite for expansion appears to be continuing unabated even as the company nears a 20 percent market share based on capacity. In the latest step, MSC is report...
Construction Starts on Canadian Coast Guard’s Arctic Patrol Ships

Construction Starts on Canadian Coast Guard’s Arctic Patrol Ships

By The Maritime Executive
August 8, 2023
Work is getting underway at Canada’s Irving Shipbuilding in Halifax on the first of two new Arctic and Offshore Patrol Ships (AOPS) for the Canadian Coast Guard’s fleet. By sharing an adapted platform...
Importers Allege Fresh Del Monte’s Shipping Discriminated Against Customers

Importers Allege Fresh Del Monte’s Shipping Discriminated Against Customers

By The Maritime Executive
August 8, 2023
A group of Ecuadorian export produce companies and their U.S. importers filed a complaint with the Federal Maritime Commission (FMC) alleging “unfair or unjust discriminatory practices” from their car...
Local Government Files Lawsuit to Block New Port NOLA Container Terminal 

Local Government Files Lawsuit to Block New Port NOLA Container Terminal 

By The Maritime Executive
August 8, 2023
Efforts to develop a large new container terminal to expand the import and export capacity of the Port of New Orleans and Louisiana continue to face local opposition. In the latest development in the...
MSC Buys Italian AlisCargo Airlines to Expand Branded Air Cargo Service

MSC Buys Italian AlisCargo Airlines to Expand Branded Air Cargo Service

By The Maritime Executive
August 7, 2023
MSC has acquired a controlling stake in Italy’s only airline dedicated to the intercontinental transport of goods, AlisCargo Airlines, as part of the carriers’ plans to build out its air cargo operati...
Maltese Police Intercept 97 Kilos of Cocaine Hidden in Containership’s Hull

Maltese Police Intercept 97 Kilos of Cocaine Hidden in Containership’s Hull

By The Maritime Executive
August 7, 2023
Police and Customs officials on the island of Malta believe they intercepted a large shipment of cocaine destined for Europe during a random inspection of an MSC containership arriving from Central Am...
Port Everglades Marine Terminal Celebrates Positive Transformations

Port Everglades Marine Terminal Celebrates Positive Transformations

By The Maritime Executive
August 7, 2023
[By: Port Everglades] This week marked a momentous occasion for Mediterranean Shipping Company (MSC) as industry leaders and stakeholders gathered with Port Everglades Terminal (PET) to commemorate...
Maersk Provides Subdued Outlook for 2023 After Exceeding Expectations

Maersk Provides Subdued Outlook for 2023 After Exceeding Expectations

By The Maritime Executive
August 4, 2023
Maersk presented what it called a “subdued market outlook” for the remainder of 2023 pointing to a deeper and longer than anticipated market normalization. Despite a stronger than expected first half...

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