THE Alliance announces updated service network for 2024
SINGAPORE : THE Alliance, including Hapag-Lloyd, Yang Ming, Ocean Network Express (ONE) and HMM, has reconfigured its service network setup. The updated services will be effective from April 2024. “One of the key highlights
Hapag-Lloyd : New GRI from India and Pakistan to US East Coast
HAMBURG : Hapag-Lloyd has announced the following new general rate increase (GRI) / general rate adjustment (GRA) from India and Pakistan to the East Coast of the United States. This GRI/GRA will apply to
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
Hapag-Lloyd CEO optimistic that shipping markets will rebalance
HAMBURG : Global shipping markets, which are due to add more capacity than anticipated demand will support, have a good chance of rebalancing within two years, said the Chief Executive of Germany’s Hapag-Lloyd to the
Hapag-Lloyd opens Technology Center in Chennai
CHENNAI : On Wednesday Hapag-Lloyd Technology Center (HLTC) is being launched in Chennai, a port city in eastern India. There, a team of 180 IT professionals will develop innovative software solutions for the maritime
Hapag-Lloyd to increase rates worldwide in December
HAMBURG : Hapag-Lloyd has announced rate increases in several routes across the world, which will take effect in December 2023. The German carrier will implement a general rate increase (GRI) from several countries in
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
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 a year earlier, and cut its