Hapag-Lloyd and CSAV are in talks over a possible merger that would create the world’s fourth largest ocean carrier.
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The G6 Alliance unveiled plans to expand into the trans-Atlantic and Asia-U.S. West Coast trade lanes in a widely expected response to the proposed P3 Network partnership between the world’s three...
Royal Mail reported its operating profit almost doubled in the first half of the year, driven by higher revenue at its parcels division...
The largest ocean carriers sharply increased their market share at the expense of their smaller rivals in the third quarter, according to Drewry Maritime Research.
The European Union today announced it has launched a formal anti-trust investigation into several ocean container carriers to address concerns they have co-ordinated freight rate hikes on the Asia-...
Third quarter profit for DFDS, the European short sea shipping and logistics group, rose 13 percent from a year ago as higher North Sea volumes more than offset lower traffic in the Baltic region.
Rickmers Maritime Trust has established a Singapore $300 million (about US$240.5 million) corporate bond program to fund capital expenditure.
Lufthansa Cargo’s first Boeing 777 freighter will take off from Frankfurt, Germany, tonight, bound for New York’s John F. Kennedy International Airport, on its first scheduled flight.
The world’s three largest container lines will likely have a harder time convincing European Union regulators than their Chinese and American counterparts that their proposed vessel-sharing alliance...
Conventional wisdom and economic logic, it seems, are two ideals shipping lines operating in the world’s largest ocean trade really don’t care to acknowledge. How else to explain Asia-Europe carriers...
Damco’s profit collapsed to $1 million in the third quarter of 2013, from $15 million a year ago, driven by higher restructuring and overhead costs.
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