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Top 10 Ocean Carriers by Revenue in 2024

The global shipping industry continues to be dominated by key players, with Maersk and CMA CGM leading the pack in 2024, each generating an...

Hapag-Lloyd to retrofit five container vessels to methanol

Together with Seaspan Corporation and MAN Energy Solutions, Hapag-Lloyd plans to convert five 10,100 TEU container vessels to run on methanol. This project follows the...

Hapag-Lloyd applies new Tanzania peak season surcharge

Hapag-Lloyd has announced a new Peak Season Surcharge (PSS) for all shipments from Asia and Oceania to the port of Dar Es Salaam in...

Hapag-Lloyd extends Le Havre omission from SWX service

Hapag-Lloyd has announced an extension of its decision to omit the port of Le Havre from its South America Westcoast (SWX) service. The SWX service...

Container Shipping Market: Weekly Analysis

The container shipping market exhibited a mix of resilience and volatility this week, with stocks reflecting the impact of global trade flows, fuel costs,...

Hapag-Lloyd reports profit decline in 2024

German ocean carrier Hapag-Lloyd reported a slight increase in its 2024 earnings, with EBITDA rising to US$5 billion and EBIT improving to US$2.8 billion....

DP World London Gateway welcomes first Gemini vessel

DP World London Gateway has received its first vessel under the new agreement with the Gemini Cooperation, a partnership between Maersk and Hapag-Lloyd. Maersk Stadelhorn...

Major container lines report over US$27 billion in 2024 earnings

The major shipping lines that have reported and published their financial figures for 2024 have recorded combined full-year earnings before interest and taxes (EBIT)...

Hapag-Lloyd and Sri Lanka Ports Authority explore strategic collaboration

Representatives from the German shipping company Hapag-Lloyd met with Sri Lanka Port Authority (SLPA) officials on 4 March to discuss collaboration opportunities and strengthen...

Hapag-Lloyd announces GRI from India and Pakistan to USEC

Hapag-Lloyd will implement a General Rate Increase (GRI) / General Rate Adjustment (GRA) for shipments from the Indian ports of Nhava Sheva, Mundra, Hazira...
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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...

Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...
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