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European consortium launches 5G transportation project

A public-private partnership made up of 28 members from the Netherlands, Flanders, Switzerland and the Czech Republic has secured a €10 million (US$11.2 million)...
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Asia-Europe ocean rates continue to climb on early LNY rush

Ocean rates from Asia to Europe and the Mediterranean increased last week, with prices of US$5,300/FEU to Europe approaching levels in the lead-up to...

Mainline operators still in five-year extraordinary profit cycle, thanks to Red Sea crisis

Alphaliner's report says that 2024 is on track to be the third most lucrative year in container shipping history despite the higher costs borne...

Hapag-Lloyd increases rates from Middle East & Indian Sub to North America

German ocean carrier Hapag-Lloyd has announced that a General Rate Increase (GRI)/General Rate Adjustment (GRA) will be introduced for shipments from the Indian Subcontinent...

South Korea to invest nearly US$10 billion in Busan Port

South Korea's government will invest 14 trillion won (around US$10 billion) in Busan Port upgrades through 2045, aiming to achieve the world's largest container...