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 Indian Subcontinent and Western Mediterranean. The
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 executive leadership team. The changes are
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 Europe – North America and Mediterranean
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. The scale of ship sales in
HAMBURG : Container xChange released the Container LogTech predictions report for 2023 which highlights important global trends that the shipping and supply chain industry will witness in 2023. The report draws attention to some
GENEVA : MSC’s port operating arm, Terminal Investment Limited (TIL) has completed the acquisition of Terminal Darsena Toscana (TDT) in the Port of Livorno. In particular, TIL’s subsidiary CSM Italia Gate and Gruppo Investimenti
HAIFA : 40Seas, an innovative fintech platform for cross-border trade financing, was funded with US$111 million from the Israeli companies ZIM and Team8. In particular, the company’s US$11 million seed funding round, led by
TOKYO : Mitsui O.S.K. Lines, Ltd, announced that it has decided on a new series name and a new hull color design for its car carriers, which are primarily fueled by environment-friendly liquefied natural
TOKYO : In December 2022, NYK conducted a trial use of Starlink, a satellite communication service operated by Space Exploration Technologies Corp. (SpaceX), on a ship managed by NYK Shipmanagement Pte. Ltd. (Singapore). Because
Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the start of the year, reflecting higher war risk insurance rates, industry sources said. The