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

05/09/2023 | 385 Views

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

04/09/2023 | 425 Views

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.
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MSC UPDATES SENTOSA SERVICE ROTATION
MSC UPDATES SENTOSA SERVICE ROTATION

30/08/2023 | 402 Views

MSC has decided to revise the port rotation of its Sentosa service, which will now include port calls at Port Klang, Singapore and Busan.
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HAPAG LLOYD INCREASES RATES FROM ASIA TO US EAST COAST
HAPAG LLOYD INCREASES RATES FROM ASIA TO US EAST COAST

28/08/2023 | 446 Views

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

28/08/2023 | 429 Views

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

22/08/2023 | 524 Views

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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