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Georgia Bolsters Regional Trade Role with Infrastructure Upgrades and Partnerships

In a significant development aimed at enhancing the Trans-Caspian International Transport (TITR) Route, Kazakhstan Railways has joined forces with PTC Holding to construct a multimodal container terminal in Poti, Georgia.

This ambitious project, with an investment of approximately US$30 million, promises to bolster the regional transportation infrastructure and stimulate economic growth.

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https://container-news.com/georgia-bolsters-regional-trade-role/

US Shipbuilding: A Tale of Two Realities

US President Donald Trump recently announced the creation of a new White House office of shipbuilding alongside tax incentives for domestic builders during his joint address to Congress.

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https://container-news.com/us-shipbuilding-a-tale-of-two-realities/

Hong Kong’s Shipping Status Under Challenging Geopolitical Shifts

Several shipping firms are quietly shifting their operations away from Hong Kong and withdrawing vessels from the Hong Kong flag registry. This trend is driven by fears that their ships might be seized by Chinese authorities or become targets of US sanctions amid tensions between Beijing and Washington.

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https://container-news.com/hong-kongs-shipping-status-under-challenging-geopolitical-shifts/

Maersk’s rate-cutting shows flop of Gemini’s reliability promise

Maersk Line has been singled out for aggressive discounts on Asia-North Europe rates, as consultancy Linerlytica suggested that Gemini Cooperation, the Danish carrier’s alliance with Hapag-Lloyd, has failed to convince shippers to pay a premium for schedule reliability.

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https://container-news.com/maersks-rate-cutting-shows-flop-of-geminis-reliability-promise/

SM Line’s vessel loses containers in Canada due to weather rolling

SM Line-operated 4,228 TEU container ship SM Portland has reported significant cargo damage and container losses while transiting to Vancouver, Canada through the Bering Sea.

According to a customer alert from SM Line on 5 March, severe winter weather and strong winds caused heavy rolling of the South Korean-flagged boxship, resulting in the loss, collapse, and damage of 115 containers.

The vessel reduced speed for safety reasons and will undergo investigation by Canadian authorities before...

https://container-news.com/sm-lines-vessel-loses-containers-in-canada/

Global tank container fleet exceeds 880,000 units

The International Tank Container Organisation (ITCO) has published its 13th Annual Tank Container Fleet Survey, which estimates that, on 1 January 2025, the global tank container fleet had reached 882,023 units worldwide.

This is translating to a 4% growth compared to the figure of 848,400 on 1 January 2024.

Approximately 42,100 new tank containers were built in the previous year, compared to 56,600 new units in 2023. However, with some 8,500 tanks being scrapped, or sold out of the industry, the...

https://container-news.com/global-tank-container-fleet-exceeds-880000-units/

HMM’s helm changes hands

South Korea’s major container carrier HMM has named Choi Won-hyuk as its new Chief Executive Officer (CEO).

The 65-year-old shipping veteran was selected as the company’s new head following a series of interviews with multiple candidates.

Choi Won-hyuk previously served as CEO of South Korean logistics company LX Pantos and will succeed Kim Kyung-bae, who led HMM for three years.


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https://container-news.com/hmms-helm-changes-hands/

CMA CGM invests US$20 billion to strengthen US maritime and supply chain

CMA CGM Group, a global container shipping company and the owner of US flag liner operator American President Lines (APL), has announced a US$20 billion investment to strengthen the US maritime economy and modernize the country’s domestic supply chain over the next four years.

This initiative builds on the Group’s 35-year presence in the United States, which currently operates in 40 states and employs 15,000 Americans. As a key partner in US trade, CMA CGM moves over 5 million shipping...

https://container-news.com/cma-cgm-invests-us20-billion-to-strengthen-us-maritime-and-supply-chain/

Container shipping facing uncompromising economic reality

Shifts in services on key trade lanes are heralding the first frost of an economic winter that promises to be severe and could be aggravated by the windchill factor blowing in from the States.

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https://container-news.com/container-shipping-facing-uncompromising-economic-reality/

CMA CGM poised to overtake Maersk as second-largest liner operator

French shipping company CMA CGM is set to become the second-largest ocean carrier in the world. The Marseille-based shipping line is poised to surpass Maersk, as CMA CGM’s total TEU capacity, including its existing fleet and orderbook, now exceeds that of its Danish rival.

According to Alphaliner, the gap between the two companies is currently around 660,000 TEUs. However, Rodolphe Saadé’s aggressive vessel acquisition strategy in 2024 has boosted CMA CGM’s orderbook to 1.54 million TEUs, which...

https://container-news.com/cma-cgm-poised-to-overtake-maersk-as-second-largest-liner-operator/

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