May 20, 2023
May 30, 2026
May 19, 2023
ZIM announces investment in Spinframe
HAIFA : ZIM Integrated Shipping Services Ltd, along with other investors, announced the initial closing of an $8 million financing round in Spinframe. ZIM led this investment as part of its strategy to invest in early-stage
May 18, 2023
MSC containership fleet to hit 5m teu capacity this month
GENEVA : MSC is set to be the first container line to have fleet of 5 million TEUs in capacity later this month according to analyst Alphaliner. MSC overtook Maersk to become the world’s
May 18, 2023
A.P. Moller – Maersk announces ‘Al Maha’ Ocean Service connecting the Middle East and West Africa markets
DUBAI : A.P. Moller – Maersk (Maersk) announced ocean shipping service, ‘Al Maha’, that will commence its rotation in June 2023. The ‘Al Maha’ service will rotate between the important ports across the UAE, Saudi
May 18, 2023
Joerg Sonne appointed Senior Managing Director of Hapag-Lioys’s North Europe Region
HAMBURG : Mr. Joerg Sonne will become Senior Managing Director of Hapag-Lloyd’s North Europe Region, succeeding Martin Rolf, who will take over the position of Managing Director Human Resources. Sonne joined Hapag-Lloyd as a
May 18, 2023
Aramex and AD Ports Group form JV to develop new NVOCC Enterprise
ABU DHABI : Aramex, the Middle East’s biggest listed courier company, has signed an agreement with Abu Dhabi Ports Group to set up a joint venture to serve the freight forwarding industry. The new non-vessel operating common
May 16, 2023
A.P. Moller – Maersk expands its warehousing footprint to over half a million sq. ft. in Bangladesh
DHAKA : A.P. Moller – Maersk (Maersk) on Monday announced the expansion of its warehousing footprint in Chattogram. Commissioned in cooperation with ISATL, Maersk has embarked on the second phase of its partnership with ISATL, which
May 16, 2023
Construction starts on COSCO’s 2nd 700 TEU electric containership
SHANGHAI : Chinese shipbuilder COSCO Shipping Heavy Industry (Yangzhou) has started the construction of the second 700 TEU electric containership for COSCO Shipping. As informed, the construction ceremony took place on 8 May in
May 16, 2023
HMM Q1 profits plunge 91%
SEOUL : HMM reported a first quarter profit for 2023 of KRW285bn ($212m) a drop of 91% compared to the same period in 2022. Revenues for Q1 2023 were KRW2.08trn some 58% lower than the first
May 16, 2023