German shipping companies warn a Trump presidency would hurt business
HAMBURG : A potential re-election of Donald Trump as US president would pose challenges for the German shipping industry, according to a study by auditing firm PwC seen by DPA, German Press Agency. The
Freigt rates surge in FEU and TEU container market spreads key considerations for shippers
OSLO : Spiralling ocean container shipping freight rates dominate discussion in the wake of major events such as the Red Sea conflict – but beneath these easy-to-observe headline figures lie many layers of complex
Red Sea crisis to slow Penang Port’s cargo growth in 2024 after expanding 11pct in 2023
PENANG : Growth of container throughput at Penang Port may be slower than expected this year amid declining global shipping due to the Red Sea crisis. Penang Port Sdn Bhd, a member of MMC
Maersk and Hapag-Lloyd will add more vessels to alliance if Red Sea disruption continues
COPENHAGEN : Maersk and Hapag-Lloyd could add more container vessels to an alliance announced earlier this year if shipping disruptions in the Red Sea continue, the companies said on Tuesday. Attacks in the Red
Maritime security threats in Red Sea and Gulf of Guinea
MUNICH : The maritime security landscape in the Red Sea and Gulf of Guinea (GoG) is marked by escalating threats and vulnerabilities. Recent Houthi attacks in the Red Sea have underscored the growing risks
Ports around the Red Sea area struggle with sharp decline in deep-sea calls
COPENHAGEN : “We are now more than half a year on from the beginning of the Red Sea crisis, and the severe impact on the container shipping industry continues unabated,” pointed out Alan Murphy,
Maersk : Red Sea reroutings will continue as attacks intensify
COPENHAGEN : Shipping giant Maersk, the world’s second-largest liner operator, says it will continue to avoid trade routes through the Red Sea until safety of its seafarers and vessels can be guaranteed. In its August 2024
Even Suez Canal restart is No Silver Bullet for Container Shipping Turbulence, warns Lars Jensen
COPENHAGEN : Shippers should anticipate continued volatility in container shipping freight markets through 2025, with even the re-start of operations through the Suez Canal not guaranteeing immediate respite from disruptions and soaring freight rates,