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Revenue from shipping operations dropped 47% to $31.4bn even as volume carried was marginally higher at 21.8mn TEUs

Ten vessels of 2,000 TEUs will be positioned in Mediterranean & Northern Europe to transport goods over short distances

Drewry World Container Index (WCI) declined four percent to $3,824 per 40ft container to the week of February 1, 2024

Evergreen most reliable top-13 carrier in December with schedule reliability of 63.6%

Freight rates nearly double but carriers have capacity to address diversions & longer voyages compared to pandemic yrs

MSC introduces a new acronym - contingency adjustment charge (CAC), Maersk, CMA CGM announce diversions

MSC, CMA CGM halt Red Sea sailing after attacks; only positive - Panama Canal increases crossings from January 2024

HMM’s score in Q3, however, was actually worse than Q2, jumping 17.4 points on the CEI to 72.7

Further normalisation of transport and logistics markets; Group maintains operating cost discipline

CMA CGM renames GCT Bayonne and New York terminals as Port Liberty New York and Port Liberty Bayonne

Schedule reliability has been ranging within two percentage points since March 2023

CMA CGM signs non-binding LoI with Renault & Volvo to join new company, invest €120mn through PULSE, its energy fund