All the experts said spot ocean rates would pull back in the second half. The second half has now begun. Not only are spot rates not falling, they’re still rising. Much higher H2 spot
SHANGHAI : The Chinese shipping line, China United Lines (CULines) has increased the supply of shipping space on several services in July to face the increased global container demand. CULines will upgrade its Asia
HAMBURG : Hapag-Lloyd has announced increased rates from the East Coast of South America to the United States, Canada, Mexico, Central America and the Caribbean. Hapag-Lloyd has announced increased rates from the East Coast
Lady Liberty’s Little Sister arrived in New York after crossing the Atlantic Ocean. Customized solutions used to transport this exceptional cargo. Statue will travel to Ellis Island to be displayed to visitors on Independence Day. NEW YORK : The CMA
TOKYO : Japanese shipping major Kawasaki Kisen Kaisha (K Line) has suffered its second serious hacking incident of the year, a further example of how shipping is becoming an increasingly popular target for cyber
MARSEILLE : The French container line, CMA CGM has announced the implementation of a new Short Sea Med service, TMX 3 – Turkey Med Express 3, which will connect Western Turkey and Adriatic. CMA
Hyundai Mipo Dockyards to build the 2100 TEU feeder vessel. It will be deployed on the Baltic shipping route and fly the Danish flag. Expected delivery by mid-2023. COPENHAGEN : A.P. Moller – Maersk
LNG, the best available solution to improve the environmental performance of shipping. CMA CGM SORBONNE, a name symbolizing French excellence. A fleet of 44 LNG vessels by end-2024. SHANGHAI : CMA CGM SORBONNE, the
Copenhagen, Denmark – A.P. Moller – Maersk today announced the signing of a fully carbon-neutral transport agreement on ocean services with BESTSELLER. The open-ended agreement on lifestyle logistics covers all of BESTSELLERs global transportation requirements
KOREA : Korea Development Bank (KDB), which is already the largest shareholder of HMM, will double its stake in South Korea’s flagship liner operator by changing KRW300 billion (US$265.3 million) of convertible bonds into