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
MSC to return for Intermodal South America 2023
GENEVA : MSC is proud to return to Intermodal South America 2023 for the second year as a Master Sponsor, the main event for logistics, cargo transportation and
Maersk partners with Cozero to enhance emission visibility for international E-commerce
COPENHAGEN : The integrated logistics company A.P. Moller – Maersk (Maersk) and the Berlin-based start-up Cozero are pleased to announce a partnership to develop analytics tools to improve
CMA CGM opens call for projects over US$200 million to accelerate decarbonisation of French shipping
MARSEILLE : CMA CGM Group announced a call, targeted at startups and businesses working on concrete solutions, for projects of approximately €200 million (US$218 million) to step up
Drewry’s World Container Index drops
LONDON : Drewry‘s composite World Container Index fell 2% last week to US$2,046.51 per 40ft container. The Drewry WCI composite index is now already 80% down from the
MOL is the First Japanese Company to Join First Movers Coalition’s Shipping Sector- Toward the Dec
TOKYO : Mitsui O.S.K. Lines, Ltd. announced that it joined the Shipping Sector of the First Movers Coalition (FMC) during the World Economic Forum Annual Meeting which was
Maersk to integrate Hamburg Süd and Sealand
COPENHAGEN : Maersk has announced its intention to unify its brands by integrating Hamburg Süd and Sealand. The Danish shipping company believes that by integrating the aforementioned firms
Europe to Asia reefer rates falls
OSLO : Freight rates on the Europe to Asia trades have begun to follow the wider container market down after a period of resistance. According to a market
Maersk and MSC dissolve 2M Alliance
The two major container liners have agreed to terminate their current partnership effective January 2025 COPENHAGEN/GENEVA : Maersk and MSC have agreed to terminate the 2M alliance from
How will Maersk-MSC split redraw container shipping landscape?
FRANCE : The decision by MSC and Maersk — the world’s two largest container lines — to terminate the 2M vessel-sharing alliance was predictable. The bigger surprise will
