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SOUTH KOREAN INDUSTRY GROUPS SLAM HAPAG-LLOYD BID FOR HMM
SOUTH KOREAN INDUSTRY GROUPS SLAM HAPAG-LLOYD BID FOR HMM

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The Federation of Korea Maritime Industries (FKMI) and the Busan Port Development Association (BPDA) have come out against German liner operator Hapag-Lloyd being allowed to bid to buy HMM.

Freight rates lose gains after three weeks
Freight rates lose gains after three weeks

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Long-haul freight rates have given way to the lack of capacity discipline, as the Shanghai Containerized Freight Index (SCFI) lost ground after three weeks of gains.

MSC UPDATES SENTOSA SERVICE ROTATION
MSC UPDATES SENTOSA SERVICE ROTATION

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MSC has decided to revise the port rotation of its Sentosa service, which will now include port calls at Port Klang, Singapore and Busan.

HAPAG LLOYD INCREASES RATES FROM ASIA TO US EAST COAST
HAPAG LLOYD INCREASES RATES FROM ASIA TO US EAST COAST

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Hapag Lloyd has announced a new General Rate Increase (GRI) / General Rate Adjustment (GRA) from India, Sri Lanka, Pakistan and Bangladesh to the East Coast of the United States.

'LOOK TO COSTS' SAYS HAPAG-LLOYD CEO, AS FREIGHT RATES ARE 'UNSUSTAINABLE'
'LOOK TO COSTS' SAYS HAPAG-LLOYD CEO, AS FREIGHT RATES ARE 'UNSUSTAINABLE'

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Hapag-Lloyd saw its second-quarter net profit slump 77% on the previous year, to $1.1bn, despite benefiting from a bottom line boost of $212m from interest and other financial items.

China overtakes Greece as largest shipowning country
China overtakes Greece as largest shipowning country

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China has climbed to the top of nations rankings as the largest shipowning country in terms of gross tonnage, according to information from UK data provider Clarksons Research.


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