The world’s largest container carrier, MSC, has ordered such an amount of new ships that the order book itself is equivalent to the size of Hapag-Lloyd’s fleet, writes Sea-Intelligence.

The long-term lockdown of major city Shanghai has seriously affected land logistics at one of the world trade’s crucial hubs. It will take time to get infrastructure back to normal, predicts DSV regional head to ShippingWatch.

Negotiations regarding a new labor agreement for port workers on the US west coast began May 10, but according to Port of Long Beach’s CEO, Mario Cordero, a deal will not be in place by July 1.

Industry stakeholders and NGOs describe meetings last week leading up to IMOs climate session in June as a breakthrough for a global CO₂ levy considered the single most important tool to decarbonize shipping. ”A huge step forward,” says researcher Tristan Smith.

Coffers are filled with money ready to be spent on investments, but German Schulte Group holds on to its capital for the time being. ”There is simply too much uncertainty,” says Group Chair Heinrich Schulte.