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Hapag-Lloyd maintains strategic focus on Europe with growing interest in Eastern Med

German container shipping company Hapag-Lloyd has shown a strategic focus on enhancing its terminal operations in Europe. A major step in Hapag-Lloyd's port expansion strategy...

Gemini to facilitate return to JIT deliveries

Improvements in the reliability of scheduling offered by the Gemini Cooperation on their new hub and spoke services could see a return to just-in-time...

Hapag-Lloyd’s HGT acquires majority stake in French port operator

Hapag-Lloyd's Terminal & Infrastructure division Hanseatic Global Terminals (HGT) has completed the acquisition of 60% of the shares in CNMP LH, the operator of...

Maersk’s rate-cutting shows flop of Gemini’s reliability promise

Maersk Line has been singled out for aggressive discounts on Asia-North Europe rates, as consultancy Linerlytica suggested that Gemini Cooperation, the Danish carrier’s alliance...

Hapag-Lloyd announces rate adjustments for Med shipments

Hapag-Lloyd announced the following upcoming adjustments to ocean freight rates and surcharges for shipments from the Mediterranean to various destinations. The first one is a...

Hapag-Lloyd hits 1 Million TEU mark in charter fleet capacity

German ocean carrier Hapag-Lloyd has achieved a significant milestone in its fleet expansion by adding the 2023-built, 2,433 TEU vessel Little Concert to its...

Monthly Stock Performance Highlights

Monthly stock performance in the maritime industry has shown significant fluctuations over the past month, reflecting the shifting dynamics of global trade, freight demand,...

Geopolitical Instability in the Red Sea: Impact on Top-5 Ocean Carriers

The geopolitical instability triggered by the Gaza conflict and Houthi attacks in the Red Sea has significantly disrupted global shipping, with some companies navigating...

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

Hapag-Lloyd has announced a new General Rate Increase (GRI) / General Rate Adjustment (GRA) from the Indian Subcontinent and Middle East to the United...

Strategic Implications of APM Terminals’ Operations in Salalah, Bahrain, and Aqaba

It is worth exploring APM Terminals and Maersk's strategic initiative to harness the Gulf region's expanding economic potential and establish Bahrain and Salalah as...
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The Port of Long Beach has appointed Suzanne Plezia, P.E., as its new Managing Director of Engineering Services, succeeding Sean Gamette, P.E., who announced...

DP World and J.P. Morgan launch partnership

DP World Trade Finance has joined forces with J.P. Morgan to enhance access to working capital across emerging markets, addressing the persistent global trade...

Red Sea shipping traffic rebounds as Houthis limit targets

Red Sea maritime traffic has increased by 60% to approximately 36–37 vessels per day since August 2024, as Reuters reported. However, it still falls short...

CMA CGM applies new surcharge from Far East to West Africa

French ocean carrier CMA CGM has announced a peak season surcharge (PSS) for shipments from Northeast Asia, Southeast Asia, China and Hong Kong &...
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