Japan's exports likely grew more than 30% year-on-year in April, the most in more than a decade, a Reuters poll showed on Friday, but the base effect was a major factor after last year's steep decline due to the initial impact of the coronavirus pandemic…
German container liner Hapag-Lloyd will make more investments in vessel capacity this year to grow in line with the global market, where it is the number five operator, Chief Finance Officer Mark Frese told analysts on Wednesday.Apart from the unspecified further investments in containers…
Maersk is accelerating its plan to transform itself from a container shipping giant into an integrated logistics company following its strong performance during the pandemic, Chief Executive Soren Skou said on Tuesday.Maersk, which handles one in five containers shipped worldwide…
UK Club, an insurer of the container ship that blocked the Suez Canal in March, said on Monday a reduced compensation claim made by the Egyptian authorities for almost $600 million to free the vessel and cover related losses was still 'exceptionally large'…
China extended its impressive trade performance in April, with exports unexpectedly accelerating and import growth hitting a decade high, in a boost to the world’s second-largest economy.A brisk U.S. economic recovery and stalled factory production…
French carrier CMA CGM announced the reshuffling of its standalone EMED EXPRESS 2 – Intra Levant service set up, connecting Lebanon, Syria, Egypt and South Turkey effective as from mid May. The service will be extended to Iskenderun, Mersin and Damietta…
Denmark's Maersk said on Wednesday it expected its 'exceptionally strong' performance in the first quarter to continue for the rest of the year, driven by high demand for shipping containers from China to the United States.Maersk, which handles about one in five containers shipped worldwide…
The U.S. trade deficit jumped to a record high in March amid roaring domestic demand, which is drawing in imports, and the gap could widen further as the nation's economic activity rebounds faster than its global rivals.Manufacturers lack the…
An Egyptian court on Tuesday ruled that the containership which blocked the Suez Canal in March could continue to be held in the waterway, rejecting an appeal by its Japanese owner against its detention, a judicial source said.The Ever Given…
French container shipping company the CMA CGM Group announced on Friday it has ordered 22 vessels from Chinese shipyard CSSC Group expected to be delivered in 2023 and 2024. The value of the order was not disclosed.The shipbuilding contract…
Three crew members aboard the cargo vessel that blocked global shipping in the Suez Canal last month will be allowed to return home, the ship’s manager said on Thursday.The Ever Given has been anchored in a lake between two sections of the canal…
CMA CGM's Intra-Asia short sea shipping arm CNC announced the addition of Semarang Express (SRG), Palembang Express (PLM) and Bangkok Express (BMT) to its services portfolio.The newly introduced SRG will call at the ports of Singapore and Semarang twice a week…
MSC Mediterranean Shipping Company is introducing the electronic bill of lading (eBL) for its customers globally following a successful pilot phase of the independent blockchain platform.The eBL enables shippers and other supply chain stakeholders…
French shipping company CMA CGM has tapped VIKING Life-Saving Equipment to supply the HydroPen drilling and spraying solution for container firefighting duties on board 85 of its vessels.Where conventional firefighting solutions dowse containers on the outside…
Shipping group Maersk lifted its full-year forecasts after a strong first-quarter performance driven by high demand which has led to supply bottlenecks and higher freight rates.Shares in Maersk rose 5% in early trading.Maersk raised its outlook for underlying earnings before interest…
