HAMBURG : Hapag-Lloyd AG and Maersk A/S, an entity under A.P. Moller – Maersk, have signed an agreement for a new long-term operational collaboration called ”Gemini Cooperation”, which will start in February 2025. The
By Mr. Gautham Krishnan The start of 2023 saw the 2M alliance between A.P. Moller – Maersk and MSC Mediterranean Shipping Company announcing separation with effect from Jan1, 2025. The move was touted to be a focal point for
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 of the world’s fifth-biggest carrier said.
HAMBURG : German ocean carrier Hapag-Lloyd has announced new ocean tariff rates from Turkiye and Bangladesh, which will be effective from 1 November. The updated prices from Turkiye to Middle East and Indian Subcontinent
HAMBURG : German box line Hapag-Lloyd announced a new General Rate Increase (GRI) from India to Ghana and Nigeria for cargo transported in 20’ and 40’ dry containers, including high cube equipment. The Hamburg-based
COPENHAGEN/HAMBURG : European shippers and freight forwarders are beginning to understand how new EU emissions regulations, set to come into force in January, could increase ocean freight costs. The Emission Trading System (ETS) is
BRUSSELS : The shipping industry needs to work together to accelerate the energy transition and establish a level playing field, ensuring Europe’s competitive edge on the global stage, Rolf Habben Jansen, CEO of Hapag-Lloyd
HAMBURG : Hapag-Lloyd AG shareholders approved today with the required majority all items on the agenda put to the vote at the Annual General Meeting. This included the appropriation of the net profit and
HAMBURG : Hapag-Lloyd reached the milestone of equipping 100,000 of its reefers with a monitoring device, a target that was set with the start of the rollout in 2020. With this, Hapag-Lloyd has made
HAMBURG : Hapag-Lloyd published its annual report for 2022, the year of its 175th anniversary. According to the report, Hapag-Lloyd’s EBITDA increased to USD 20.5 billion (EUR 19.4 billion). EBIT grew to USD 18.5