LOS ANGELES : A Covid outbreak that has partially shut one of the world’s busiest container ports is heightening concerns that the rapid spread of the delta variant will lead to a repeat of last year’s
Leadership Chats: Annelise Goldstein, Chief Human Resources Officer at Maersk Tankers, has found that her leadership style is suitable for times of major change and uncertainty. The shipping company had to steer through a new
MERSEILLES : The French shipping company CMA CGM has published new rate increases for reefer containers across the world. Firstly, CMA CGM has already set a Port Congestion Surcharge (PCS) of US$1,000 per reefer
HMM has reported its highest operating profit in its history of US$2.06 billion in the first half of 2021 with a margin of 45.1%, while the company’s revenue almost doubled to US$4.56 billion, compared
Drewry’s composite World Container index increased marginally 0.5% or US$50 to US$9,421.48 per 40ft container on 12 August, 358% higher than the same week in 2020. This is the 17th consecutive week of increases,
A Maersk Line’s vessel has been anchored off Tauranga port in New Zealand after 11 of its 21 crew members tested positive for Covid-19. New Zealand’s Health Ministry stated on 9 August that the
CHENNAI : Riding on the steep hike in sea container freight rates, major global shipping lines — Hapag Lloyd, Ocean Network Express (ONE) and CMA-CGM — reported record increase in their revenues in the
SINGAPORE : Mediterranean Shipping Company (MSC) has announced the enhancement of its Middle East, Indian Subcontinent & US East Coast network, which now includes three distinct services. The Swiss container line has revised the
PSA International has entered into a Memorandum of Understanding (MoU) with the RHT Group of Companies (RHT) to explore co-creation and investment in Environmental, Social, and Governance (ESG) digital assets solutions to further advance the goals
COPENHAGEN : Maersk has appointed a new Chief People Officer, Susana Elvira, set to assume the position from September 1, reads an announcement from Maersk released on Monday. Elvira will take over from Ulf