March 15, 2024
March 18, 2026
March 15, 2024
As the highest throughput in its history, King Abdul Aziz Port in Dammam continued breaking records by handling 235,820 TEUs
DAMMAM : In February 2024, King Abdul Aziz Port in Dammam achieved a new record by handling 235,820 TEUs, an increase of 25.41% compared to the previous throughput of 166,956 TEUs in 2023. This
March 15, 2024
Container rates drop to unsustainable levels : Maersk CEO
COPENHAGEN : The global container shipping market faces overcapacity in the coming years and the rates paid by customers have fallen to an unsustainable level, Maersk, CEO Mr. Vincent Clerc told the group’s annual meeting
March 15, 2024
Hapag-Lloyd records third-highest group profit in history despite significant financial declines
HAMBURG : Hapag-Lloyd has reported revenues of US$19.4 billion and profit of US$3.2 billion in 2023, translating to massive year-on-year drops from US$36.4 billion and US$18 billion, respectively. Additionally, the company’s earnings before interest
March 15, 2024
Mawani records growth in Imported Containers by 16.88% and Cargo Throughput Tonnage by 1.44% in February 2024
RIYADH : The ports supervised by the Saudi Ports Authority ‘Mawani’ have recorded a growth in the statistics of imported containers by 16.88%, reaching 266,672 TEUs, compared to 193,937 TEUs in 2023. They also
March 15, 2024
Ocean Network Express opens new office in Myanmar
SINGAPORE : Ocean Network Express (ONE) has announced the grand opening of the company’s new office space in Myanmar. The new ONE Myanmar office at Sakura Towers, Bogyoke Aung San Road is located in
March 15, 2024
Red Sea crisis spurs demand for rail transport through Russia from Asia to Europe
MOSCOW : Logistics companies and rail operators have reported a surge in demand for rail transport through Russia from Asia to Europe, following the disruption to sea lanes caused by the recent Houthi attacks
March 15, 2024
Houthi attacks in the Red Sea threaten internet infrastructure
YEMEN : A new threat emerged recently from the attacks by Iran-backed Houthis on shipping in the Red Sea that have caused delays to goods arriving in Europe from Asia. The United States said
March 14, 2024
Maersk still in the race for DB Schenker’s acquisition : CEO
COPENHAGEN : After DHL withdrew from the race of DB Schenker’s acquisition last week, Danish shipping company DSV appeared to be the sole remaining candidate to proceed with the purchase. However, another player claims
March 14, 2024