Shippers struggle as container carriers’ earnings skyrocket
Importers and exporters are facing a rapidly disintegrating container shipping market as deployed capacity fails to keep pace with returning consumer and business demand and shipping rates escalate beyond reach for many small to
A record-breaking 44 Container Vessels are stuck off the Coast of California
CALIFORNIA : Forty-four freight ships are stuck awaiting entry into California’s two largest ports, the highest number recorded since the beginning of the COVID-19 pandemic, the Marine Exchange of Southern California reported on Saturday. The queue is a
CMA CGM adds 46 vessels in 2021 in decarbonisation push
MARSEILLIE : French liner major CMA CGM has added 14 new vessels and 32 second-hand vessels to its fleet in 2021 to speed up maritime decarbonisation efforts. Since the beginning of the year, the company has taken delivery
CMA CGM and Hapag Lloyd to raise prices in North Europe and Medditeranean
MARSEILLES/HAMBURG : Senior European container lines CMA CGM and Hapag Lloyd will apply several rate increases in North Europe and Mediterranean shipments, effective from mid-September and October. Firstly, the French carrier CMA CGM will
COSCO SHIPPING Ports announces 2021 Interim Results capturing Strategic Development Opportunities, Continuing to Enhance Lean Operations
SHANGHAI : COSCO SHIPPING Ports Limited, the world’s leading ports operator, announced the interim results of the Company and its subsidiaries (the “Group”) for the 6 months ended 30 June 2021. 2021 Interim Results
China notifies new rules to regulate foreign ships in its waters
SHANGHAI : The new rules are expected to increase tensions if China strictly enforces them in the South China Sea and the Taiwan straits where the US and its allies have been conducting naval
Plans for €2 billion Bremore Deepwater Port moves to the next phase
The tender process to appoint planning consultants for the development of a €2 billion deep water port just north of Balbriggan at Bremore, has begun and a local councillor is calling on Fingal County
DB Schenker rejects DSV comments in an internal memo: No grounds for a hostile takeover
BERLIN : DSV’s stated interest in talking to DB Schenker about a possible acquisition, if the opportunity emerges, now makes the German freight forwarder’s Board of Management take action and inform its employees, that