PIL successfully launched first Block Train in Africa
SINGAPORE : As PIL continues to roll out its new intermodal services, it is pleased to announce the successful launch of its First Block Train Service in Africa
Hapag-Lloyd acquires stake in the Spinelli Group
HAMBURG : The responsible antitrust authorities have approved Hapag-Lloyd’s acquisition of a minority stakenin the Spinelli Group, after signing took place in September 2022. With closing of thetransaction,
MSC starts new Shosholoza Feeder Service from Coega to Cape Town
GENEVA : In response to the demand for a regular reliable service ex Far East / Europe to Cape Town, MSC will introduce a dedicated feeder ex Coega
Suez Canal expected to earn over $8.5bln in 2023
EGYPT : Revenues of Suez Canal are expected to reach $8.70 billion in 2023, Chairman of the Suez Canal Authority (SCA), Osama Rabie, said. On Monday, cargo ship
Flexport is cutting 20% of employees, 4 months after Amazon boss Dave Clark took over the buzzy supp
CALIFORNIA : Flexport, a supply chain startup with an $8 billion valuation, told employees on Wednesday it is laying off 20% of staff as a result of the global downturn
Sea-Intelligence reports volume shrinking in North America West Coast
DENMARK : Sea-Intelligence noted in its latest report that when annualised against 2019, volume growth on the North America West Coast (NAWC) stagnated during the first two months
MSC announces new Service to connect India with West Mediterranean
GENEVA : MSC has announced the addition of a new India – West Med shipping service from mid-December, which is expected to open a new trade corridor between
A.P. Moller – Maersk announces new executive leadership team
Changes to the organisation and the executive leadership of A.P. Moller – Maersk COPENHAGEN : A.P. Moller – Maersk (Maersk) has announced a new organisational structure and a new
2M Alliance revises Transatlantic network
MUMBAI : The largest container alliance in the world 2M Alliance, comprising Maersk and MSC, decided to make changes to its Transatlantic network. The alterations in 2M’s North
Alphaliner : Boxship sales halved in 2022 as freight levels fell
FRANCE : Sales and purchases of container ships halved to 950,300 TEUs in 2022 as freight levels began normalising, according to Alphaliner‘s latest report released on 11 January.