‘The Party is Over’ for Container Shipping : Hapag-Lloyd CEO
HAMBURG : Container freight rates will keep declining in the current realignment of shipping demand and supply, said the CEO of Germany’s liner Hapag Lloyd, the world’s number five by
Maersk makes headway in the internal integration with Senator International rebrand
COPENHAGEN : A.P. Moller – Maersk completes acquisition of Senator International and proceeds in the next stage of its internal integration which began to phase out from1 February
PIL strengthens SEA linkages with new Thailand Philippines Straits Service (TPS)
SINGAPORE : Pacific International Lines (PIL) is pleased to introduce a new weekly direct service connecting the key ports of Thailand, Philippines and Singapore. The new service, known
ZIM launches new Thailand Fremantle Express Service (TFX)
HAIFA : ZIM, based in Haifa, Israel, launches a new service from 1 February, connecting major ports in South-East Asia and Australia, including the Port of Fremantle in
Drewry: Global Port Throughput Index Up By 0.8% in December, But 1.6% Lower Year-on-Year
LONDON : The Drewry Container Port Throughput Indices are a series of calendar adjusted volume growth/decline indices based on monthly throughput data for a sample of over 340
ICS publishes annual Shipping Industry Flag State Performance Table
LONDON : The annual Shipping Industry Flag State Performance Table, published recently from the International Chamber of Shipping (ICS), highlights a 25% increase in flag states reporting on
Hapag-Lloyd achieves extraordinarily strong result in its anniversary year 2022
HAMBURG : On the basis of preliminary and unaudited figures, Hapag-Lloyd has concluded the 2022 financial year – in which it celebrated its 175th anniversary – with an
MSC announces the introduction of a new weekly Italian Port call on India to West Med service
GENEVA : MSC has announced the introduction of a new weekly direct call at the Port of Leghorn in Italy on its India to West Mediterranean Service. The
King Abdulaziz Port Welcomes New MSC Service
RIYADH : The Saudi Ports Authority (Mawani) has announced the addition of King Abdulaziz Port to a new freight service operated by Swiss-based container group MSC. The latest
ONE profits dropped by 50% in Q3 of FY22 compared the previous quarter
SINGAPORE : Ocean Network Express (ONE) profits dropped by 50% in Q3 of FY22 compared the record reported in the previous quarter as the sharp drop in container