Raymond STERN
Chittagong ICDs chocked up with export laden boxes
The privately-owned Inland Containers Depots (ICDs) in Bangladesh are choked up with export laden containers amid congestions at...
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Raymond STERN
Jun 30, 2021
Maersk Saudi Arabia and King Abdullah Port Enter Strategic Partnership
To establish Maersk’s first petrochemical hub in the Kingdom Maersk Saudi Arabia, an integrator of container logistics, announced that it...
Raymond STERN
Jun 30, 2021
Euroseas confirms first container vessel order in its history
The Greek vessel owner, Euroseas has signed a contract with the Korean shipyard, Hyundai Mipo Dockyard Co., for the construction of two...
Raymond STERN
Jun 30, 2021
DP World acquires US-based supply chain solutions provider
DP World has announced the acquisition of the US-based global logistics provider, syncreon, for an enterprise value of US$1.2 billion. DP...
Raymond STERN
Jun 30, 2021
Dubai's DP World acquires 100% of US logistics firm syncreon for $1.2b
Syncreon has specialised supply chain skills targeted at high-growth auto and tech sector. Dubai owned port operator DP World has bought...
Raymond STERN
Jun 29, 2021
Seaspan orders six new ULCVs
Seaspan Corporation has entered into an agreement with a major shipyard for six 15,000TEU new container ships. The Canada-based vessel...
Raymond STERN
Jun 29, 2021
Korea Development Bank doubles its stake in HMM
Korea Development Bank (KDB), which is already the largest shareholder of HMM, will double its stake in South Korea's flagship liner...
Raymond STERN
Jun 29, 2021
Sea-Intelligence sees a staggering number of late vessel arrivals
Schedule reliability across the world has been pretty poor throughout the year, as several ports and regions have been severely impacted...
Raymond STERN
Jun 28, 2021
Hapag-Lloyd vessel completes first digital port call at Tanger Med
Tanger Med enable first real-life digital port call for Hapag-Lloyd vessel. The world’s first digitally controlled port arrival has been...
Raymond STERN
Jun 28, 2021
Maersk and Bestseller to start carbon-neutral ocean transport partnership
AP Moller - Maersk has signed a fully carbon-neutral transport agreement on ocean services with the global fashion and lifestyle group,...
Raymond STERN
Jun 28, 2021
'Crazy rates' to ship a container out of India – after a 100% premium to get the box
With the severe shortage of containers and capacity, Indian forwarders are being quoted “crazy” freight rates by carriers that “won’t...
Raymond STERN
Jun 28, 2021
HMM confirms a dozen 13,000TEU vessels order
HMM has signed newbuilding contracts with Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Heavy Industries (HHI) for twelve...
Raymond STERN
Jun 27, 2021
Extreme Freight Rates Begin to Change Shippers' Calculations
The containerized shipping industry has been essential to global commerce for its low shipping costs. However, high freight rates are...
Raymond STERN
Jun 27, 2021
APM Terminals extends its presence at Algeciras until 2032
The Board of Directors of the Port Authority of Algeciras (APBA) has decided to approve the extension of the concession term of APM...
Raymond STERN
Jun 27, 2021
Hapag-Lloyd suspends Bangladesh bookings
Hapag-Lloyd has announced that bookings to Bangladesh are temporarily suspended due to the increased backlog in Singapore for cargo...
Raymond STERN
Jun 27, 2021
CMA CGM’s EUROSAL service to skip Le Havre call until October
CMA CGM has announced its EUROSAL service will suspend the call at the Port of Le Havre for a period of three months starting from 6...
Raymond STERN
Jun 24, 2021
Hapag-Lloyd sets fresh Asia rates from July
The German shipping company, Hapag-Lloyd has announced new rates from Asia regions to several destinations across the world, which will...
Raymond STERN
Jun 24, 2021
South Korea’s logistics industry protest price-fixing penalties
South Korea’s logistics industry stakeholders have decried the Korea Fair Trade Commission’s (KFTC) recent financial penalties on 12...
Raymond STERN
Jun 24, 2021
''I paid ridiculous charges, my cargo still got rolled and the carrier wanted more.''
Short-term freight rates from China to North Europe have breached the $20,000 per 40ft mark, while transpacific carriers are quoting...
Raymond STERN
Jun 24, 2021
Hapag-Lloyd and ONE join Maersk’s blockchain platform
Two of the largest container carriers in the world, Hapag-Lloyd and Ocean Network Express (ONE), have completed integration onto...
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