Maersk’s woes signal slow-motion industry crash
COPENHAGEN : Shipping giant A.P. Moller-Maersk is battling choppier seas. the $23 billion Danish firm revealed a 94% profit plunge in the third quarter. Boss Vincent Clerc is not
Panama Canal traffic is being throttled by climate change impact
CAIRO : The Panama Canal doesn’t have enough water. A lack of rainfall, blamed on climate change, is leading to a steady decline in water levels on the
A.P. Moller – Maersk reports Q3 financial results in line with expectations, yet challenges lie ah
COPENHAGEN : A.P. Moller – Maersk’s (Maersk) financial results for third quarter of 2023 were in line with expectations in a difficult market environment with rates well off
Hapag-Lloyd raises rates from California to Indian Subcontinent and Middle East
HAMBURG : Hapag-Lloyd has announced a General Rate Increase (GRI) from the US West Coast to Indian Subcontinent and Middle East for cargo transported in 20’ and 40’
CMA CGM applies new FAK rates from Asia to North Europe
MARSEILLE : Marseille-based container line CMA CGM has announced new Freight All Kinds (FAK) rates from all Asian ports, including Japan, South East Asia and Bangladesh, to all
Emirates Shipping Line to commence Far East Africa Express service
HONG KONG : Emirates Shipping Line (ESL) announced the launch of the Far East Africa Express (FAX) service connecting major ports in China with Mombasa in Kenya and
Schedule reliability improves, Maersk and Hamburg Süd top rankings
COPENHAGEN : Sea-Intelligence published issue 146 of the Global Liner Performance (GLP) report, which includes schedule reliability figures from January to September 2023. According to the analysis, in
Maersk charters more tonnage to catch up with MSC
COPENHAGEN : Maersk Line has been actively chartering vessels in the last fortnight, as the Danish giant tries to close the gap with its rival Mediterranean Shipping Company
Hapag-Lloyd increases rates from Indian Subcontinent to US East and West Coasts
HAMBURG : Hapag-Lloyd has announced a new General Rate Increase (GRI) / General Rate Adjustment (GRA) from India, Pakistan, Sri Lanka and Bangladesh to the United States East
ONE announces China India Pakistan Service upgrade
SINGAPORE : Ocean Network Express (ONE) will upgrade its China India Pakistan (CIP) Service, starting from the cycle of westbound ETA at Shanghai on 31 October. The updated
