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CMA CGM completes Bolloré Logistics takeover

French shipping giant CMA CGM Group has completed the acquisition of Bolloré Logistics from its compatriot transportation company Bolloré Group. The two firms announced that...

CMA CGM resumes Red Sea transits

French shipping company CMA CGM Group has announced it will resume Red Sea transits on a case-by-case basis. The Marseille-based carrier said, "We have reevaluated...

New container line starts operations in Saudi Arabia

A new shipping company has started operations in Saudi Arabia, called Folk Maritime, offering feeder vessel services and short-sea transportation solutions. Poul Hestbaek is the...

Red Sea crisis sees more vessels serving intra-Europe

Intra-Europe container shipping capacity has gone up nearly 18% year-on-year, as the Red Sea crisis results in more feedering and larger ships being assigned...

Cargo volumes in Red Sea drop significantly due to vessel attacks

"During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y....

CMA CGM, COSCO, Evergreen and OOCL extend OCEAN Alliance to 2032

On 27 February, the Chief Executive Officers of the CMA CGM Group, COSCO SHIPPING, Evergreen, and OOCL gathered in Shanghai to sign a Memorandum...

Asia to Europe container exports surge to 16.5 million TEUs in 2023

According to data compiled by the Japan Maritime Center (JMC) using information from Container Trades Statistics (CTS), container exports from Asia to Europe reached...

Red Sea crisis milder than Covid-19, challenges to be seen in 2025

The impact of the Red Sea crisis is less severe than Covid-19, although the TEU-mile boost has been significant. Clarksons’ latest Container Intelligence Monthly stated...

ONE achieves record load in Singapore

Ocean Network Express (ONE) has achieved another milestone with a sixth consecutive record-breaking load, this time aboard the ONE Infinity. Last week, the vessel set...

CMA CGM’s financials plunge amid stable container volumes

French ocean carrier CMA CGM reported revenues of US$47 billion in 2023, translating to a 36.9% decline compared with 2022 figures, EBITDA of US$9...

OOCL boosts fleet with new eco-friendly Ultra Large Container Vessel

Orient Overseas Container Line (OOCL) announced the introduction of its latest mega container ship, named OOCL Abu Dhabi. This addition marks OOCL's eighth eco-friendly vessel...

Xeneta appoints former Amazon and MSC expert

Fabio Brocca, recently appointed Chief Product Officer at Xeneta, faces the challenge of leveraging data and technology to revolutionize the buying and selling of...

Latest Posts

Hapag-Lloyd is pushing the growth of its Indian terminal joint venture with Mumbai-based J M Baxi Group

The German group owns 40% of J M Baxi Ports & Logistics, which operates a clutch of marine terminals across ports in India. Hapag-Lloyd has...

Ukraine’s ports reposition amid war

As war continues to reshape Ukraine’s geography, it is also redrawing its maritime map. Once centralized around a handful of traditional ports, the country’s...

AD Ports Group signs MoU with Critical Minerals Forum

AD Ports Group has signed a Memorandum of Understanding (MoU) with the Critical Minerals Forum (CMF) to build strategic cooperation focused on enhancing the...

U.S. container imports down 6.4% in May

According to a report from the Japan International Freight Forwarders Association (JIFFA), U.S. container imports fell 6.4% year-on-year in May, as major ports handled...

Chokepoints Under Fire: Maritime volatility surges in the Singapore Strait and Red Sea

As global trade struggles to find safe passage, the world’s most critical maritime arteries, the Singapore Strait and the Red Sea, are once again...
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