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
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
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
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
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
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
MARSEILLE : The CMA CGM Group, a global player in maritime, land, air and logistics solutions, is launching SEA REWARD, the first loyalty program for shipping customers. A unique program on the market, SEA
GENEVA : Maersk and CMA CGM have notified their customers about upcoming adjustments to their joint Bossa Nova/SIRIUS Service connecting the Mediterranean with the East Coast of South America. Effective from 14 March, there
ISTANBUL : Mersin International Port (MIP) clinched the “Best Port of the Year” Award for the first time at the 37th Annual International Consumer Quality Summit, held in Istanbul, Türkiye recently in February. Each
HAIFA : Israeli Ocean Carrier ZIM announced its results for the previous year, following the trend observed across major container lines, according to which the companies’ financial figures in 2023 are significantly lower than