Carriers spot bargaining room for India-Middle East cargo as Red Sea gains fade
MUMBAI : India-Persian Gulf trades seem to be a glaring exception for container lines, as they are rapidly losing the pricing steam they have had from the Red
CMA CGM updates FAK rates from Asia to North Europe
MARSEILLE : French container carrier CMA CGM has unveiled updated Freight All Kinds (FAK) rates, effective from 15 April (loading date), until further notice from Asia to North
CMA CGM to buy France’s biggest 24-hour news channel
MARSEILLE : French shipping tycoon Rodolphe Saade has agreed to buy France’s leading rolling news channel BFM TV off Patrick Drahi’s debt-laden Altice Group, their respective companies said on Friday,
OCEAN Alliance rolls out new service network
SINGAPORE : OCEAN Alliance, consisting of CMA CGM, COSCO, Evergreen and OOCL, has announced the launch of its updated service network, called “DAY 8 Product”. After extending their partnership
Carriers ‘undo’ rate hikes on India-US trades amid cargo volume pressure
MUMBAI : Container carriers appear to have abandoned plans to hike freight rates on Indian trades to the United States, as they are facing a slump in cargo
Dominant OCEAN Alliance extension leaves THE Alliance stranded
SINGAPORE : The extension of cooperation among OCEAN Alliance partners has established a framework for the operation of major container lines in the coming years. As CMA CGM,
CMA CGM climbs to the top of Schedule Reliability in January 2024
COPENHAGEN : Sea-Intelligence has released the 150th edition of the Global Liner Performance (GLP) report, featuring schedule reliability data up to and including January 2024. Amidst the ongoing
CMA CGM, Shanghai International Port Group extend Terminal Stevedoring Agreement
SHANGHAI : French shipping company CMA CGM and the terminal operator Shanghai International Port Group (SIPG) jointly held a strategic Terminal Stevedoring Agreement (TSA) extension signing ceremony on
CMA CGM and Nike forge agreement for sustainable shipping solutions
MARSEILLE : Nike, a global leader in the apparel and sportswear sector, has recently forged an agreement with French ocean carrier CMA CGM to purchase eco-friendly biofuel for
CMA CGM, COSCO, Evergreen and OOCL extend OCEAN Alliance to 2032
SHANGHAI : On 27 February, the Chief Executive Officers of the CMA CGM Group, COSCO SHIPPING, Evergreen, and OOCL gathered in Shanghai to sign a Memorandum of Understanding,