In the third quarter of 2024, the CMA CGM Group delivered strong results, capitalizing on a favourable market environment and addressing operational challenges. Driven by...

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Hapag-Lloyd introduces US$1,000 GRI in America

Container News Team - November 11, 2024 0

German ocean carrier Hapag-Lloyd announced a General Rate Increase (GRI) from the East Coast of South America to North and Central America, and the...

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Hapag-Lloyd invests US$4 billion in 24 new container ships

Antonis Karamalegkos - November 6, 2024 0

German ocean carrier Hapag-Lloyd has signed two contracts with two Chinese shipyards for a total of 24 new container vessels. Twelve 16,800 TEU newbuildings will...

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Shipping industry weighs impact of Trump’s reelection

Alexandros Itimoudis - November 6, 2024 0

Following the election of Donald Trump as the next US president, there is heightened interest among shipping industry professionals regarding the economic policies his...

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Evergreen executive expects higher contract rates in 2025

Container News Team - November 6, 2024 0

General Manager of Evergreen Marine Corporation, Wu Kuang Hui expected contract rates for Transpacific and Asia-Europe container shipments to be hiked in the next...

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C.H. Robinson automates full freight shipment lifecycle with generative AI

Ioanna Kontos - November 5, 2024 0

C.H. Robinson has developed proprietary technology that uses generative AI to handle tasks typically managed by people, fully automating the freight shipment process. This new...

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Emirates Shipping Line starts new container service

Ioanna Kontos - November 5, 2024 0

The Saudi Ports Authority, known as Mawani, has announced the launch of a new shipping service called GRC, which will be operated by Emirates...

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Suez Canal Crisis: Dwindling revenues and rising regional tensions reshape global trade

Alexandros Itimoudis - November 4, 2024 0

The strategic importance of the Suez Canal as a global maritime artery has come into sharp focus following recent revelations by Egyptian President Abdel...

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CMA CGM reports fraud attempts against its customers

Antonis Karamalegkos - November 4, 2024 0

French shipping company CMA CGM Group recently announced that several fraud attempts have occurred against its customers. According to the ocean carrier's announcement, hackers are...

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Premier Alliance sets one-year leave notice period

Antonis Karamalegkos - November 1, 2024 0

The agreement for the launch of the Premier Alliance, which includes HMM, Ocean Network Express (ONE), and Yang Ming, has been filed with the...

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“Desperate” carriers face battle to raise spot rates

Container News Team - October 31, 2024 0

European importers are locked in contract negotiations with an increasingly desperate group of container lines attempting to bolster short-term rates in an effort to...

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MSC announces fresh rates from Asia to Med

Container News Team - October 31, 2024 0

The world's largest ocean carrier MSC has announced the following new Freight All Kind (FAK) rates from Asia to the Mediterranean. Effective as from 15 November...

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