MSC joins shipping giants Hapag-Lloyd and Maersk in Red Sea travel pause amid attacks
GENEVA : MSC, the world’s largest shipping carrier, said it is no longer traveling through the Suez Canal after its container ship, the MSC PALATIUM III, was attacked Friday while transiting the Red Sea
Schedule reliability unchanged M/M in October 2023 : Sea Intelligence
COPENHAGEN : Sea-Intelligence has published issue 147 of the Global Liner Performance (GLP) report, with schedule reliability figures up to and including October 2023. As the report itself is quite comprehensive and covers schedule reliability
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
Maersk diverting ships away from Red Sea amid safety concerns
COPENHAGEN : Two container vessels operated by AP Moller-Maersk have been diverted from their scheduled routes, the company has said. The deteriorating security situation in the Middle East Gulf and Red Sea region is beginning to
CMA CGM and Maersk boost Far East-West Africa route capacity
COPENHAGEN/MARSEILLE : Shipping giants CMA CGM and Maersk are set to significantly enhance their joint Far East-West Africa shipping route, known as FW1/WAX, beginning December 5. This strategic move aims to double the route’s
Construction started for Maersk’s new cold store in Rotterdam
ROTTERDAM : With the official ground breaking Maersk has started the construction works for its new large cold store in Rotterdam (The Netherlands). The specialized warehouse for temperature sensitive or frozen products like pharmaceuticals,
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
Analyst says Maersk rate cutting behind Q3 losses
HONG KONG : Analysis by Hong Kong-based Linerlytica suggests that the sudden and deep decline in container freight rates in the third quarter was initiated by Maersk Lines’ attempts to recover market share. Container