Analyst says Maersk rate cutting behind Q3 losses
HONG KONG : Analysis by Hong Kong-based Linerlytica suggests that the sudden and deep decline in container freight rates in the third quarter was initiated by Maersk Lines’
Container Shipping bracing for downturn : Hapag-Lloyd Chief
HAMBURG : The container shipping industry faces a few years of headwinds as low freight rates, a weak European economy and widening geopolitical turmoil cloud the outlook, the head
Hapag-Lloyd posts 77% drop in 9-month net profit, cuts outlook
HAMBURG : German container shipper Hapag-Lloyd on Thursday posted a net profit of 3.2 billion euros ($3.43 billion) for the first nine months of 2023, down by 77% from
New One Sea member MAHI adds expertise in Maritime Autonomy
LONDON : MAHI has become the latest company to join One Sea, bringing further expertise to the growing association whose mission is to advance understanding of maritime autonomous
Maersk announces PANZ Service : Change of rotation due to industrial actions at DP World Terminals i
MELBOURNE : Maersk has announced that due to DP World’s industrial action and berth availability delays in Melbourne, it will proceed with PANZ Service port rotation change. The
Varamar and COSCO Shipping agree commercial partnership to boost respective trades
ANTWERP : Varamar DMCC and ASL Shipping & Logistics Pvt Ltd, a COSCO Shipping group company, on Wednesday announced that they have entered into a strategic commercial partnership with the aim of
Maersk doubles down on growth and Omnichannel Fulfilment in Australia with opening of seven new faci
MELBOURNE : A.P. Moller-Maersk is strengthening its Omnichannel-Fulfilment capabilities in Australia, with the opening of seven new facilities across the country. As the integrated container and logistics company
ONE strengthens global presence with terminal aquisitions in the US West Coast and Rotterdam
SINGAPORE : Ocean Network Express (“ONE”) is pleased to announce it has obtained all necessary regulatory approvals and completed its acquisition of a 51% stake in each of
PIL China announces new Managing Director
BEIJING : PIL has announced the retirement of Klaus Ku, Managing Director of PIL China and stepping into the role will be Anderson Luo, who previously worked for
MSC announces port congestion surcharge to South Africa
GENEVA : Italian/Swiss container line MSC has announced a new congestion surcharge (CGS) for cargo from any destination except East and West Africa to all South African ports.