Nicholas Georgiou has been promoted to Chief Executive Officer of ship owning and management business Lomar, its parent company the Libra Group announced. Georgiou has been Lomar’s Chief Operating Officer since 2010 and succeeds Achim Boehme…
Fire safety has become a major concern in the container shipping industry, in particular, with vessels of 20,000-TEU and more entering the market. A fire in just one container can have catastrophic implications for the whole of the cargo. The…
The U.S. Federal Maritime Commission voted to grant the temporary relief sought by CMA CGM from certain service contract and tariff filing requirements following last month's cyber attack affecting the carrier's servers.Earlier this month, the…
Israeli shipping firm Zim said on Wednesday it would start to offer direct service to Jebel Ali port in the United Arab Emirates (UAE).With its new line, Zim joins a number of international rivals—including MSC, Maersk—to announce they would…
Japan’s exports fell in September at the slowest pace in seven months as U.S.-bound vehicle shipments rose from lows brought about by the COVID-19 pandemic, indicating easing pressure on the world’s third-largest economy.Exports fell 4.9% in September compared with the same month a year earlier…
Alibaba Group Holdings and Israeli shipping group Zim have entered a strategic cooperation agreement for the direct purchase of sea freight, which will improve logistic services to merchants selling on Alibaba, Zim said on Monday.Zim said it…
Incoming cargo to the Port of Los Angeles is surging as businesses restock depleted inventories and retailers prepare for an early holiday season, the executive director for the nation's busiest seaport said on Wednesday.Workers unloaded 471…
CMA CGM, the world’s fourth-largest container shipping group, said it has restored its online business services after a cyber attack last month paralyzed activity.France-based CMA CGM first reported the incident on September 28, saying it had…
The U.S. Federal Maritime Commission (FMC) said it is considering a petition filed by French container shipping group CMA CGM requesting temporary exemption from certain filing requirements following last month's cyber attack affecting the carrier's servers…
German container shipping firm Hapag-Lloyd is benefitting from a rebound in transport demand but its chief executive warned about the longer-term impact on economic activity from the coronavirus.'We see a recovery, which started probably some time in the course of third quarter…
South Korean shipping company HMM said all 12 of its new 24,000 TEU containerships—the world's largest—have each made their maiden voyages fully laden with containers.On September 31, HMM St. Petersburg, the last of the 24K-class series, departed for Europe from the Port of Yantian…
Thailand’s exports may fall by 8%-10% this year, slightly better than the 10% fall predicted earlier, due to a gradual recovery in global demand, the Thai shipping association said on Tuesday.Exports, a key driver of Thai growth, should have bottomed out…
Protesters blocked Port Sudan's container terminal and a road between the eastern city and the capital Khartoum on Sunday to protest against a peace deal signed by the government and groups from across the country, a union official and residents said…
CMA CGM suspects a cyber attack affecting its servers led to a data breach, the global shipping line said on Wednesday as it continued to restore online services.'We suspect a data breach and are doing everything possible to assess its potential volume and nature…
French container shipping company CMA CGM Group said Tuesday that its maritime and port operations were functioning normally after a cyber attack hit its servers on Monday.'All communications to and from the CMA CGM Group are secure, including emails…