Container mega alliances with 10% blank sailings in Asia-Europe trade
Average vessel size at 14,150 teu, thus, 509,400 slots are needed, accounting for 9.6% of the total capacity…
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Container Carrier Stocks Decline as Red Sea Crisis Influence Wanes
Container carrier stock prices decline as freight rates but are yet to reach pre-conflict levels, according to…
Container Shipping Industry Faces First Negative Operating Margins Since 2018
Top carriers average operating margins plunging into negative territory for the first time since 2018, according to…
Hapag-Lloyd Faces Challenges Amidst Decline in Ocean Container Market
Hapag-Lloyd, one of the largest shipping lines, revealed the extent of challenges in the ocean container market…
HMM’s Annual Profit Dips 90% but Remains in Profit Territory
Hyundai Merchant Marine (HMM), South Korea's leading container carrier, saw its net profit for 2023 plummet by 90%…
HMM Privatization Deal Collapses as Harim Group Withdraws
South Korea's Harim Group has pulled out of a deal to acquire a majority stake in the country's largest container…
Hapag-Lloyd: Solid Q3 Profits, Uncertainty in Q4
According to the carrier and other sources, Hapag-Lloyd reported solid profits in Q3 but foresees uncertainty in…
Chinese carrier and shipyard Venture into the Methanol Supertanker Construction
Chinese carrier has placed an order for the world's first methanol-powered supertanker, a renowned Chinese shipyard…
Maersk Reduces Stake in Höegh Autoliners,
Garnering $115 Million, Maersk reduces stake in Höegh autoliners, the norwegian car carrier company, according to…
COSCO’s Rise and ZIM’s Fall: Container Carrier Margin Rankings in Q2…
According to sources COSCO's Rise and ZIM's Fall: Container Carrier Margin Rankings in Q2 2023, overall shipping…