Hapag-Lloyd increases rates from North Europe and Mediterranean
HAMBURG : Hapag-Lloyd has unveiled new ocean tariff rates for shipments from North Europe to destinations including India, Pakistan, the Red Sea, and the Arabian Gulf. The updated
Emirates Shipping Line strengthens its Far East/Middle East service network
DUBAI : Emirates Shipping Line (ESL) has announced the introduction of its new COSMOS (CMX) service and the enhancement of its existing GALEX (GLX) service aiming to optimize
Empty container movements surge by 20% : Sea Intelligence
COPENHAGEN : Utilizing data from Container Trade Statistics (CTS) on the movement of full containers between regions, Sea-Intelligence estimated the corresponding trends in empty container movements. Empty container
Red Sea crisis puts Transpacific contract negotiations in the balance
OSLO : Container rate negotiations on the Transpacific are about to begin in earnest, but Xenata believes shippers and carriers both have strong hands and that will make
CMA CGM Group finalise Bolloré Logistics takeover
SWEDEN : The Bolloré Group and the CMA CGM Group announce the completion of the sale of 100 % of Bolloré Logistics to CMA CGM, it being specified
CMA CGM announces to resume Red Sea transits on ‘case-by-case’ basis
MARSEILLE : French shipping company CMA CGM Group has announced it will resume Red Sea transits on a case-by-case basis. The Marseille-based carrier said, “We have reevaluated the
Freight rates on major Indian trades see downward corrections after January highs
MUMBAI : After spiking dramatically amid the Red Sea crisis-linked shipping disruption, container freight rates seen on trades out of India have held firm or even declined in
NYK Group acquires UK-based delivery platform business for E-Commerce operators
TOKYO : Recently, International Logistics Group Limited (“ILG”), a U.K. subsidiary of Yusen Logistics Co., Ltd., acquired Noel Topco Limited, a U.K.-based holding company of 10 companies, including
APM Terminals invests US$1 million in electric vehicle fleet upgrade
LOS ANGELES : APM Terminals has announced a significant advancement in its terminal operations fleet by transitioning to electric vehicles (EVs). With an investment of nearly US$1 million,
Adani New Industries’ Green Hydrogen unit targets US$3 billion funding boost for expansion
AHMEDABAD : Adani New Industries (ANIL) is actively engaged in discussions to secure up to US$3 billion in funding, earmarked for capital expenditure to bolster its presence in
