Shipping CEOs join forces to accelerate shipping industry decarbonization
DUBAI : The Chief Executive Officers (CEOs) of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime
CMA CGM and COSCO jointly launch Far East – Indian West Coast service
MARSEILLE : French ocean carrier CMA CGM and Chinese shipping giant Cosco Shipping Lines have joined forces for a new container connection between the Far East and the Indian West Coast. The two companies,
Carriers on India-US Trade attempt higher rate hikes for December
MUMBAI : Container carriers serving India-US Trades seem to have regained some strength to attempt higher rate increases amid promising export trade indications. CMA CGM has doubled the amount of a previously announced peak
CMA CGM and Maersk boost Far East-West Africa route capacity
COPENHAGEN/MARSEILLE : Shipping giants CMA CGM and Maersk are set to significantly enhance their joint Far East-West Africa shipping route, known as FW1/WAX, beginning December 5. This strategic move aims to double the route’s
CMA CGM, World’s no. 3 container carrier warns against price war
MARSEILLE : CMA CGM, the World’s No. 3 container carrier, urged the industry to avoid a price war as the delivery of new vessels threatens to push global shipping to a protracted slump. “New
Box lines announce new efforts to hike rates on India-US Trades
MUMBAI : Container lines serving the India-US trade seem to have realised that pushing through hefty general rate increases (GRIs) or peak season surcharges (PSSs) is a hard game, unless cargo volumes tick up in
Shipping giant CMA CGM reports drop in quarterly profit, better volumes
MARSEILLE : CMA CGM on Friday informed about its profit fell in the third quarter as a COVID-era boom in shipping continued to fade, but its volumes picked up as a destocking trend in
CMA CGM increases rates on Transatlantic trade
MARSEILLE : French ocean carrier CMA CGM announced adjustments on its rates, due to the “unsustainable rate levels” reached on the Transatlantic trade, effective from November for all Transatlantic westbound lines. From To 20’ST/RFCurrent