Indian Navy rescued Bangladeshi vessel near Somalia, attacked by Somalian pirates
NEW DELHI : The Indian Navy responded to an SOS by a Bangladesh-flagged cargo ship that was seized by pirates off the Somalia coast and took 23 of
Maersk and Hapag-Lloyd Gemini Alliance will seek to reduce costs
HAMBURG : With returns sliding back to pre-Covid levels after the supercharged pandemic period shipping lines are looking to control costs again to keep their heads above water.
Houthis claim first attacks on ships in Indian Ocean
SANA’A : Yemen’s Iran-backed Houthi militia claimed on Friday that it had attacked Israeli and American ships in the Indian Ocean for the first time, only hours after
Hapag Lloyd renews appointment of Rolf Habben Jansen as CEO and also extends contract of Donya-Flore
HAMBURG : The Supervisory Board of Hapag-Lloyd AG has approved an early renewal of the contract of Chief Executive Officer (CEO) Rolf Habben Jansen, which runs until 31
As the highest throughput in its history, King Abdul Aziz Port in Dammam continued breaking records
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
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
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.
Mawani records growth in Imported Containers by 16.88% and Cargo Throughput Tonnage by 1.44% in Febr
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
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
Maersk and CMA CGM suspend Rio de Janeiro Port call on Bossa Nova/SIRIUS Service
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
