Buoyed by a 12.7 percent jump in containerized trade between Africa and East Asia over the last two years, Maersk Line will implement a general rate increase of $100 per 20-foot equivalent unit, starting July 15.
18 May 2015
Maersk Line has entered into a vessel sharing agreement with Mediterranean Shipping Co, its 2M alliance partner, and Japan’s Mitsui OSK Lines (MOL) on the Asia to East Coast of South America trade route.
15 May 2015
Agility Logistics’ net profit for the first quarter of 2015 rose 5 percent year-over-year, at $39.3 million, the company said Friday.
15 May 2015
The new energy independence of the U.S. has sent African imports of crude oil plummeting, according to PIERS, a sister product of JOC.com within IHS Maritime and Trade.
11 May 2015
Strong gains in chemical manufacturing make chemicals hauler Quality Distribution an attractive acquisition target for a private equity firm such as Apax Partners. Expect Apax to help fuel Quality's expansion through additional acquisitions.
27 Apr 2015
For a region dismissed not so long ago as a bit of a backwater, where inefficiency, corruption and chronic congestion were the norm, east Africa is beginning to show its mettle.
18 Apr 2015
There was an average of three major cargo thefts every day in Europe last year, driven in part by the growing p
17 Apr 2015
China’s grand dream of a maritime Silk Road for the 21st Century is paving the way for Chinese port operators to spread their way of conducting domestic business beyond Chinese borders.
10 Apr 2015
Merchant ship operators have joined with seafarers’ unions urging European Union member states to take immediate action to curb the growing humanitarian crisis in the Mediterranean, which they say is putting crews and schedule reliability at risk.
08 Apr 2015
Part of an ongoing effort to capture more of the emerging African market, CMA CGM Wednesday announced the opening of a new corridor to inland destinations in Gabon on the West African coast.
08 Apr 2015
The first consignment of South African apples ever shipped to China is on the water and will arrive in Shanghai on May 2 following eight years of negotiations between the two countries over access to the giant Chinese market.