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An interesting case to consider, regarding the chartering regime, is undoubtedly what happened last month in the Suez Canal, when the vessel Ever Given ran aground and blocked this key channel in maritime trade.
CMA CGM will buy back the stake in the Port of Los Angeles container terminal it previously sold to help pay down debts from its $2.4 billion acquisition of NOL.
Shippers using Europe’s inland waterways are facing “phenomenal” surcharges and the prospect of cargo going undelivered, as barge operators contend with low water levels.
Danish shipping giant Maersk has signed an agreement with the Saudi "Mawani" Port Authority to set up an Integrated Logistics Park at the Islamic Port of Jeddah in Saudi Arabia.
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