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Interview with Asparuh Koev, CEO of Transmetrics

Artificial Intelligence (AI) and Big Data play pivotal role in optimizing various aspects of the logistics industry. Transmetrics, co-founded by industry veteran Asparuh Koev,...

BIMCO calls for immediate end to attacks on international shipping

BIMCO believes nation states must collaborate to remove the current threat to international shipping and, if necessary, neutralise the threat by military means within...

Shippers should expect more disruption in 2024 as lines seek to manage oversupply and limit losses: Drewry’s analyst

Container lines will use a variety of methods to minimise losses due to the oversupply of vessels in 2024, according to Philip Damas, managing...

Nestlé inks deal with CMA CGM for low carbon transport solutions

The world's largest food and beverage company Nestlé is currently transporting 100% of its CMA CGM volumes to BIOFUEL+, a biofuel derived from organic...

Panama Canal drought could boost New Year rates

Drought in Panama and war around the Red Sea and Suez is a slow-burning but developing crisis for the container shipping industry as both...

MSC-Adani terminal deal at Ennore poised to boost South India trade flow

MSC's 49% stake acquisition in Adani Group's container terminal at Ennore Port, also known as Kamarajar Port, has the potential to boost direct calls...

Carrier Transicold, GIZ partner to advance cold chain development and decarbonisation in Costa Rica and South Africa

Carrier Transicold, part of Carrier Global Corporation, and the Greener Reefers in International Maritime Transport initiative of the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)...

OOIL listed in Dow Jones Sustainability Asia/Pacific index

Orient Overseas International Limited (OOIL), the parent company of Orient Overseas Container Line (OOCL) and OOCL Logistics, was continuously selected for inclusion in the...

Panama Canal to increase daily transits

The Panama Canal will increase the number of daily transits to 24, starting in January, from the current 22 vessels, which are divided into...

IDEC GROUP ASIA Vietnam presents project for new industrial and logistics park

IDEC GROUP ASIA Vietnam gathered local authorities, project participants, and stakeholders on 13 December for the groundbreaking ceremony of the Horizon Park project. This exceptional...

Major box carriers pause container ship traffic through Red Sea

Major ocean carriers have decided that their ships will not transit the Suez Canal due to recent attacks in the region. The largest container line...

Mærsk Mc-Kinney Møller Center and Rystad Energy sign knowledge partnership deal

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping and Rystad Energy signed a knowledge partnership agreement to formalise their collaboration. As official partners, the...

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Hapag-Lloyd unveils its new Strategy 2030

Hapag-Lloyd announced its Strategy 2030, which is a roadmap for the company's pursuit in quality leadership, sustainability, innovation, and operational efficiency. Hapag-Lloyd said that over...

CMA CGM applies new rates from Asia to North Europe

French carrier CMA CGM has announced updated Freight All Kinds (FAK) rates effective from 1 May until further notice. The origin range encompasses all Asian...

Hapag-Lloyd removes Navegantes from ECX rotation, introduces new Brazil feeder service

German ocean carrier Hapag-Lloyd has announced changes in the Europe East Coast Express (ECX) service. From mid-April until further notice, Hapag-Lloyd said the vessels deployed...

Escalating Middle East tensions trigger projected surge in war risk premiums and freight rates

In a significant escalation of tensions in the Middle East, Iran's capture of the MSC Aries, a container ship linked to Israel, has reverberated...

Israeli violence ratchets up Middle East threat levels as Iran responds

Events over the weekend of the 13-14 April have seen rising tensions soar as Iran’s pre-publicised action in retaliation to Israel’s Syrian consulate attack...