Hapag-Lloyd announced on 16 February an agreement to acquire ZIM, through a structure that involves the Israeli private equity investor FIMI Opportunity Funds. The completion of the transaction will be subject to agreement by the Israeli government as well as additional regulatory approvals and the consent of the shareholders’ meeting of ZIM. The announcement follows leaks by Israeli media over the weekend with Hapag-Lloyd confirming on 15 February that it is in advanced discussions to acquire
COSCO has extended its China-Pacific Northwest Coast/Vancouver (CPV) service with the addition of new calls at Yangpu, Haiphong and Hong Kong from January 2026 in order to provide additional connectivity to its Transpacific network. The extended CPV service will call at Yangpu, Haiphong, Hong Kong, Ningbo, Shanghai, Vancouver, Seattle, Xingang, Dalian, Lianyungang, Qingdao, Ningbo, Hong Kong, Yangpu. The service will turn in 9 weeks and will deploy up to 9 ships of 4,200 to 5,100 teu from COSCO
ONE and Wan Hai will launch their jointly operated PS8/AP2 transpacific service calling at Qingdao, Ningbo, Los Angeles, Oakland, Qingdao from 18 May 2026. The service will turn in 6 weeks and will initially deploy 5 ships with 1 skipped sailing in each cycle with ONE to operate 3 ships and Wan Hai to operate 2 ships starting with the 4,680 teu WAN HAI 517 scheduled to call at Qingdao on 18 May 2026. ONE's Premier Alliance partners HMM and Yang Ming will also take slots on this service as the P
Premier Alliance partners HMM, ONE and Yang Ming will launch a new Vietnam Shuttle Express (VSE)/Far East Latin Pendulum (FLP) service calling at Singapore, Cai Mep, Haiphong, Los Angeles, Busan, Shanghai, Shekou, Singapore, Rio de Janeiro, Santos, Itapoa, Singapore from 28 April 2026. The VSE/FLP will turn in 17 weeks, using 17 ships of 5,000-7,000 teu. It will replace the current Far East-Latin America 2/East Coast South America Express 2 (FL2/SX2) that is operated by HMM and ONE with the ser
The OCEAN Alliance partners (CMA CGM, COSCO, OOCL and Evergreen) and ONE will remove 1 of the 3 Transatlantic services that they jointly operate from March 2026 as part of a service rationalisation exercise. The average capacity operated by the 4 partners will be reduced from 21,500 teu to 15,500 teu weekly. The South Atlantic (SATL) service calling at Le Havre, Antwerp, Bremerhaven, Southampton, Charleston, Savannah, Le Havre using 5 ships of 6,300-6,500 teu from ONE and Evergreen will be with
MSC will launch a new Firehorse service connecting Shanghai, Ningbo, Singapore, Surabaya, Semarang, Singapore, Shanghai from 5 March 2026. The service will turn in 28 days and will deploy 4 ships of 2,500 teu starting with the 2,546 teu MSC PALATIUM III at Shanghai on 5 March. MSC will also launch a new Kouprey service connecting Sihanoukville, Singapore, Sihanoukville from 27 February with the 1,708 teu SEA STAR 1. These changes are part of a larger upgrade of MSC's intra-Asia services that a
Register Free Trial TEU-mile demand is trending higher YoY due to the later date of Chinese New Year this year, with the higher demand keeping charter rates elevated as carriers are still chasing tonnage even as profitability continues to deteriorate. Maersk reported an EBIT loss of -$153m for its Ocean Shipping business in the 4th quarter, dragging down the company’s consolidated net earnings to -$70m despite positive contributions from its logistics and terminal businesses. Hapag-Lloyd avoide
Gulftainer's container shipping division GT Lines will launch its first self-operated service from 8 March 2026. The India Sharjah Express (ISX) will connect Mundra, Nhava Sheva, Khor Fakkan, Sharjah, Hamriyah, Mundra turning in 14days using 2 ships of 950 teu. The service will be the first to call at the Hamriyah Container Terminal. GT Lines launched its first service on 17 December 2025 with the India Gulf Express (GIX) through slots on COSCO Shipping's Asia Gulf India 2 (AGI2) service that c
Six Indian companies have signed a Memorandum of Understanding (MoU) to establish the Bharat Container Shipping Line (BCSL) on 3 February 2026. The shareholders comprise of Container Corporation of India (CONCOR, 30%), Shipping Corporation of India (SCI, 30%), Sagarmala Finance Corporation Ltd. (SMFCL, 20%), Jawaharlal Nehru Port Authority (10%), V.O. Chidambaranar Port Authority (5%) and Chennai Port Authority (5%). The agreement provides for joint funding of up to INR15,000 crore ($1.65 Bn) t
The Gemini Cooperation's Indian Subcontinent Mediterranean Express (IMEX) / Middle East-Europe 11 (ME11) service will change from its current Cape routing to a revised Suez routing in both directions from February 2026. The revised IMEX/ME11 will call at Mundra, Nhava Sheva, Salalah, Port Said, Tangier Med, Valencia, Port Said, Salalah, Jebel Ali, Mundra. It will turn in 63 days using 9 ships of 15,200 to 15,800 teu that are all operated by Maersk even though it is marketed as a joint service u