Avance Gas Holding Ltd(OSE: AGAS), owned by Norwegian shipping tycoon John Fredriksen, has announced a complete exit from the shipping market through a series of strategic asset sales.

European driver vacancies account for about 12% of all jobs, and the situation is even worse in Mexico and Turkey, two key nearshore transport locations.

MSC announced that the Independent East-West Network service will be enhanced with additional port calls to optimize MSC's connectivity between Asia and Europe, the United States and Canada.

Ocean Network Shipping (ONE) announced the completion of the acquisition of a stake in New Priok Container Terminal One(NPCT1) in New Priok, Jakarta, Indonesia.

Israeli shipping company ZIM has been charged with violating the U.S. Shipping Act and faces a summons before the Federal Maritime Commission (FMC).

The new container shipping alliance, Gemini Partnership, will begin operations in February 2025, but the two partners have announced that they will open for booking on December 3.

CMA CGM has announced the launch of Maya Service, a service dedicated to the west coast of Central America.

In addition to the slight increase in Asia to the Mediterranean and Northern Europe, Pacific routes from the US West Coast to Asia fell 4%, and Asia to the US East Coast fell 1%.

The share of China's coal imports by sea has fallen sharply in the past two years, and the increase in coal shipped by land has reduced the growth potential of global demand by 1% tonne-nautical miles.

The number of second-hand container ships acquired by MSC has reached a staggering 400.