Europe

Michael Behrendt, chairman of the executive board of Hapag-Lloyd (left), and Oscar Hasbún, CEO of CSAV, today at Hapag-Lloyd headquarters in Hamburg after the signing.
16 Apr 2014
Hapag-Lloyd and CSAV signed a binding contract to complete a merger to create the world’s fourth-largest container line.
01 Apr 2014
MPC Group and Thien & Heyenga, the leading German ship management companies, have taken over the financially troubled Ahrenkiel Group in the latest consolidation in the nation’s crisis-ridden charter shipping sector.
U.S. containerized imports of auto parts in the fourth quarter rose 1.0 percent year-over-year.
01 Apr 2014
Containerized auto parts imported through U.S. ports reached 205,139 TEUs in the fourth quarter of 2013, increasing 1.0 percent year-over-year, according to PIERS, the data division of JOC Group.
Lufthansa Cargo plane
31 Mar 2014
Lufthansa Cargo’s services face severe disruption beginning tomorrow as pilots across the German airline stage a three-day strike.
31 Mar 2014
KKR, the U.S.-based global investment group, today announced it is supporting a new European locomotive leasing firm to capitalize on the emergence of private companies spurred by rail deregulation across the continent.
Ocean Carrier Rate Revision Roundup for March 28
28 Mar 2014
Multiple carriers have planned rate increases in various trade lanes in April and May, although any gains achieved could be fleeting as overcapacity and lackluster global demand continues.
28 Mar 2014
Staring at an incremental bill for low-sulfur fuel estimated at $75 billion to $100 billion per year for container ships beginning in 2020...
The SCFI for North Europe rose 44.0 percent in the week ending March 28.
28 Mar 2014
Spot container freight rates from Shanghai to northern Europe and Mediterranean ports measured by the Shanghai Containerized Freight Index jumped in the week of March 28...
28 Mar 2014
HHLA, the port of Hamburg’s largest container handler, warned the crisis in Ukraine threatens to slow its important Russian feeder traffic and impact this year’s financial performance.
Cranes at the Port of Valencia in Spain
27 Mar 2014
J.P. Morgan Asset Management is to invest €100 million euros ($138 million) to expand capacity and improve intermodal facilities at the container terminal at the port of Valencia on Spain’s Mediterranean coast.
26 Mar 2014
The container shipping industry’s supply and demand will become “finely balanced” this year...

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