FMC Implements New Rule on Cargo Refusals
The U.S. Federal Maritime Commission (FMC) has published its final rule outlining the criteria for lodging…
MSC-HHLA Deal Gains Government Approval, Final Vote in September
MSC-HHLA Deal Gains Approval from Hamburg Government, Final Vote in September, according to soures.
King Ocean Expands Dominican Republic Service with New Port Connection
King Ocean, a U.S. company that specializes in shipping goods within the Caribbean, has launched a new weekly…
Good news for the Panama Canal!
Good news for the Panama Canal!
Water levels in Gatun Lake are higher than expected, allowing the canal authority…
Maersk withdraws bid for DB Schenker
Danish shipping giant Maersk will no longer pursue the acquisition of German logistics giant DB Schenker, according…
MSC Hits 20% Market Share, Nears 6 Mteu Fleet Size
According to sources, MSC reached a milestone reaching 20% Market Share, and capacity at 6 Mteu Fleet Size.
Significant Capacity Increase for Latin American-Related Services
Significant Capacity Increase for Latin American-Related Services
The global container fleet experienced a 10.6%…
Analyst Predicts 50% Increase in COSCO’s Annual Profit
Analyst Predicts 50% Increase in COSCO’s Annual Profit
COSCO Group is anticipated to more than double its net…
Suez Canal Extends Rate Discount Amid Red Sea Crisis
Suez Canal Extends Rate Discount Amid Red Sea Crisis
The Suez Canal Authority (SCA) has extended its discount for…
Maersk Increases 2024 Earnings Forecast to USD 1-3 Billion
Maersk Increases 2024 Earnings Forecast to USD 1-3 Billion
Maersk Group, which operates the world's second largest…