by FATS Marketing | Sep 10, 2021 | International News
Amid rising antagonism against carriers over skyrocketing freight rates, shipping major CMA CGM announced yesterday that it would stop all spot rate increases with immediate effect (September 9) to February 1, 2022. The Group has said it is prioritising its long-term...
by FATS Marketing | Aug 30, 2021 | International News
To help ease the scarcity of empty containers, Hapag-Lloyd has ordered another 75 000 TEU dry boxes. The containers will be manufactured in China and delivered within the fourth quarter of 2021. This brings the line’s total investment in containers since the...
by FATS Marketing | Aug 27, 2021 | International News
Carriers are no less reliable – but they’re also no better. That’s the finding of the latest survey undertaken by maritime consultancy Sea-Intelligence. Its Global Liner Performance (GLP) report, which includes figures up to and including July, reveals that...
by FATS Marketing | Aug 25, 2021 | International News
AP Moller-Maersk A/S, the world’s biggest container shipping line, was expected to make around $4.5 billion in operating profit in 2021, according to estimates at the start of the year by the financial analysts who follow the company. Their estimates have turned out...
by FATS Marketing | Aug 24, 2021 | International News
China’s Belt and Road Initiative (BRI) got a major boost last week when the Court of Audit in Greece approved the sale of another 16 percent stake in Piraeus Port (OLP) to COSCO Shipping Line. The agreement includes a five-year extension for the company to complete...
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