Japanese carrier Ocean Network Express (ONE) has posted its first quarterly profit since the merger of the container businesses of K Line, MOL and NYK on 1 April last year. ONE recorded a net profit of $5m in the first quarter of its fiscal year, which ends 31 March 2020, and has upgraded its outlook…

Seventeen months after a devastating fire which resulted in the loss of 5 lives, Maersk is set to send the 15,282 teu boxship Maersk Honam back on active duty. The owner decided to reuse the stern section in a new ship, to be constructed at a South Korean shipyard. The damaged bow section and the…

Niche transatlantic carrier Independent Container Line (ICL) is to move its UK call from Liverpool to Southampton to improve schedule reliability. The US-headquartered, privately-owned shipping line has been serving Liverpool for the past 20 years, calling at the Mersey port along with Antwerp in a two-port North European hub strategy. However, ICL claims deteriorating weather…

Hapag-Lloyd and merged Japanese container carrier Ocean Network Express (ONE) are the latest box shipping lines to join the IBM/Maersk Line-led blockchain initiative TradeLens. The news means more than half the world’s container shipping capacity is part of the TradeLens project, following the addition of MSC and CMA CGM at the beginning of June. Of…