Late ships averaged 6.6 days behind schedule in the third quarter, the longest delay since the 2021 pandemic peak

If both lease plans are fully implemented, Ningbo Ocean Shipping will add 10 large vessels to its fleet through long-term charters, comprising six boxships and four car carriers

Almost all major Asia-Mediterranean liner services are now using Suez or plan to use the waterway in the coming weeks for at least part of their rotations as the restoration of Red Sea routings gathers pace

Angeliki Frangou-led owner confirms contracts for seven more newbuilds costing $700m

Petros Panagiotidis-backed vehicle, formerly known as MPC Capital, to acquire 41% of Cyprus-based shipmanager

Evergreen, the last Ocean Alliance partner holding out, is set to resume Suez Canal transits this week as the container industry’s Red Sea return accelerates, although this returning capacity risks pushing the trade into oversupply

Geopolitics continues to sway trade flows as ONE joins other carriers in reaping the rewards from geopolitical disruptions

Containership orders have passed every previous full-year total with two months to spare, just as the Red Sea diversion unwinds and a weakened White House loses much of its capacity to shock the market — though Iran remains the wild card