If the offer by MSC and Lufthansa for ITA is successful, it will provide the ocean carrier with access to significant air freight capacity.
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The drive to decarbonize the maritime industry has gained a foothold in Asia with the forming of a Lloyd’s Register-backed fuel transition alliance.
With importers taking longer to pick up their containers from overflowing terminals at hub ports in North Europe, ship delays are increasing, particularly for the largest vessels serving the Asia–...
Powering its ships with green methanol will come with a significant increase in fuel costs for Maersk, but the carbon-free fuel offers greater scalability than other options.
The container ship orderbook currently stands at 26.7 percent of the global fleet, with much of the new capacity to be delivered in 2023 and 2024, but carriers have no intention of allowing the...
Executives say Zim will use its record quarterly profits to pay shareholder dividends, purchase new ships, and possibly to acquire a regional intra-Asia line, if the right opportunity arises.
It was a positive start to the year for the port of Hamburg as Baltic volume shifting from Russia and a rise in China cargo pushed up first quarter throughput.
In just 18 months, CMA CGM has gone from providing air cargo as part of its CEVA Logistics suite of services to becoming a major player in the global air freight market.
Reefer equipment for European exporters is in short supply as the refrigerated shipments compete for carrier attention with less complex and higher-priced dry containers.
Container line earnings continue to hit record highs for the first quarter, with HMM the latest carrier to report a highly profitable start to the year.
With elevated contract rates already locked in, Hapag-Lloyd says a deteriorating spot market will not be enough to prevent another year of record profitability for the carrier.
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Bob Andrews, Senior Vice President, CenterPoint Properties