COSCO Cancels Container Service at Balboa in Panama
China’s state-owned shipping company COSCO Shipping Lines informed customers in a memorandum dated March 10 that it…
Shipping Concerns Grow as Maersk and Hapag-Lloyd Suspend Routes
Container shipping continues to reel as the war in the Persian Gulf reaches its first week, and…
Maersk and Eurogate Plan €1B Expansion of Bremerhaven Terminal
APM Terminals, Maersk’s terminal operator, and Eurogate report that they are negotiating a plan for a €1…
Falling Freight Rates Undercut Hapag-Lloyd Earnings
Sinking freight rates are making a dent in the top and bottom lines of another ocean carrier. Hapag-Lloyd…
Maersk-Hapag Alliance to Send Ships Through Red Sea with Naval Assistance
The alliance between Maersk and Hapag-Lloyd will start for the first time to send vessels through the…