MSC and Maersk untangle the transatlantic 2M fleet
MSC and Maersk continue to change the way they cooperate on the major east-to-west trade routes. The 2M partners…
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containers
BRAZIL: New Joint Venture “Norcoast” by Hapag-Lloyd and Norsul
the German shipping giant Hapag-Lloyd and Brazilian waterway logistics firm Norsul have joined forces in a…
Amazon Drought Forces Carriers to Divert Ships from Manaus
El Niño climate phenomenon prolongs the worst drought in the Amazon river, forcing carriers to divert ships from…
Backlog Grows at Ports in Israel Amid Rising Tensions
According to Reuters, Israeli ports are experiencing a growing backlog of ships as the nation intensifies its…
Chinese-Russian Trade Surge Leaves 150,000 Containers Stranded
A dramatic spike in trade between China and Russia has left a staggering 150,000 shipping containers stranded in…
Evergreen Reports Second Consecutive Month of Revenue Growth
Evergreen Marine Corp, the renowned Taiwanese carrier, has reported a notable resurgence in its revenue growth for…
China Increases European Presence in Port Investments Amidst Growing Concerns
EU Adopts New Rules to Monitor Foreign Investment in Critical Infrastructure, as China Increases stake in European…
UPDATE: Hapag-Lloyd Excluded from HMM Bidding as Korean Consortiums Advance
According to three local sources in Korea, Hapag-Lloyd Excluded from HMM Bidding as Korean Consortiums Advance.
Maersk has violated merger regulation and faces fines
The merger required approval from the Danish competition authority, Maersk violated regulation and might face…
Hapag-Lloyd profits dip amidst challenging shipping industry
A 78% profit decline comparing Q2 year to year basis. challenging winds in the shipping industry for carriers,…