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Earnings of shipping companies likely to fall from 2021 peaks: Moody’s
9 Dec 2021 1:01 PM ISTThe outlook for the global shipping industry has changed to stable from positive for the next 12-18 months due to demand slightly outstripping supply,...
2022 to be another challenging year for container logistics industry
9 Dec 2021 12:49 PM ISTMajority of the global container logistics industry (75 percent) is rethinking strategy for 2022, according to a survey by Container xChange.
Maersk unveils methanol-powered container carrier
9 Dec 2021 12:30 PM ISTDenmark-based A.P. Moller-Maersk unveiled an ocean-going container vessel with a nominal capacity of approximately 16,000 TEUs capable of being...
CMA CGM buys US-based Ingram Micro CLS for $3bn
9 Dec 2021 12:26 PM ISTFrench carrier CMA CGM has signed a deal with US-based Ingram Micro to buy most of its commerce & lifestyle activities (CLS) for an enterprise value...
94 ships waiting at LA/LB ports, dwell fee delayed again; freight rates steady
7 Dec 2021 3:00 PM ISTTotal container ships backed up at the Los Angeles/Long Beach ports were at 94 on Monday, December 6, 2021, two fewer than last Friday, December 3,...
Maersk launches differentiated products for long-term contracts
6 Dec 2021 8:39 AM ISTDenmark-based container carrier A.P.Moller-Maersk is offering six standard products for the 2022 tender season: Flat, Seasonal Preset, Seasonal Sync (...
