A tough year to call for container lessors

Peru has withdrawn its request to revoke Cosco’s exclusive rights for the Chancay project, easing tensions before a meeting between Boluarte and Xi.

It has emerged that Textainer is in talks to acquire Seaco Global, a deal that would almost certainly raise issues about the level of market concentration in the container leasing industry.

MSC is poised to increase size gap over CMA CGM, and Maersk will become the second-largest carrier; Hapag-Lloyd aims to maintain top-5 status.

This decision is in response to the need to adapt to a new normality, driven by the necessity to circumnavigate Africa.

Chief Executive Officers of COSCO, CMA CGM, Evergreen, and OOCL have signed a Memorandum of Understanding to extend the OCEAN Alliance until 2032.

A feeder vessel due to arrive at Hamburg Tollerort terminal today from a port in the Eastern Baltic will be lashed and unlashed by the ship’s crew to reduce costs; MSC offer results now in