Maersk and Hapag-Lloyd to deploy up to 340 vessels in new Gemini Cooperation
COPENHAGEN : The cooperation comprises a fleet of around 300 to 340 vessels among which Maersk is to deploy 60% of them, while Hapag-Lloyd would deploy the remaining 40%. Additionally, many of the ships
New alliance formation intensifies battle between major lines
SINGAPORE : With the container shipping alliance landscape expected to change in less than five months, it is worth examining the current dynamics of the alliances and how they are expected to evolve when
Maersk and Hapag-Lloyd announce two ocean network options with equal industry leading schedule reliability
COPENHAGEN/HAMBURG : In February 2025, Maersk A/S (Maersk), an entity under A.P. Moller – Maersk, and Hapag-Lloyd AG (Hapag-Lloyd) launch their operational collaboration Gemini Cooperation. The ambition is to deliver a flexible and interconnected
Hapag-Lloyd implements updated rates from West Med to Latin America
HAMBURG : Hapag-Lloyd has announced an increase in ocean tariff rates for containers travelling from the West Mediterranean to Latin America. According to the German company’s statement, the geographical scope for Latin America includes
Inmarsat’s Nexuswave trialed by Hapag-Lloyd for enhanced Maritime connectivity
LONDON : Inmarsat Maritime, a Viasat company, has announced that global container liner shipping group Hapag-Lloyd is among the first to trial NexusWave, the fully managed service which delivers an unparalleled global service orchestrated by bringing together a multi-orbit, multi-band set of
Hapag-Lloyd raises rates from Asia to Latin America
HAMBURG : Hapag-Lloyd has announced a new General Rate Increase (GRI) from Asia to the West Coast of South America, Mexico, Central America and the Caribbean. This GRI will apply to cargo transported in
Hapag-Lloyd falls short of US$800 million profit in first half
HAMBURG : Hapag-Lloyd concluded the first half year of 2024 with a Group EBITDA of USD 2 billion (EUR 1.8 billion). The Group EBIT decreased to USD 0.9 billion (EUR 0.8 billion) and the
First refrigerator container rake flagged off by Waltair Rly division
VISAKHAPATNAM : The Waltair Railway division of the East Coast Railway Zone flagged off its first refrigerator container rake, laden with 43 containers with a load of 1,080 tonnes of frozen shrimp to Jawaharlal