SHIPPING
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Freightos: Ocean rates easing from their peaks, with further drops likely
February 29, 2024 - Ocean rates were stable overall last week over the tail end of the Lunar New Year holiday period, and the Red Sea...
Port of NY/NJ continued its growth momentum in January
February 29, 2024 - The Port Authority of New York and New Jersey (Port of NY/NJ) said its commercial airports maintained their robust...
CMA CGM Group completes acquisition of Bolloré Logistics for €4.850B
February 29, 2024 - The Bolloré Group and the CMA CGM Group have announced the completion of the sale of 100% of Bollor&a...
Port of Hamburg notes volume decline in 2023, but stable bulk cargo
February 28, 2024 - Port of Hamburg said geopolitical and economic challenges weighed on its throughput in 2023 — reflecting an...
COSCO Shipping Ports says focus on “lean operations” as industry faces challenges
February 27, 2024 - COSCO Shipping Ports said it would focus on "lean operations" as challenges in the supply chai...
OCEAN Alliance announces extension for another 5 years to 2032
February 27, 2024 The OCEAN Alliance — whose members are CMA CGM, COSCO Shipping, Evergreen Line, and Orient Overseas Container Line...
European Commission approves CMA CGM takeover of Bolloré Logistics
February 27, 2024 The European Commission (EU) has approved, under the EU Merger Regulation, the proposed acquisition of Bollor&#...
BIMCO: Cargo volumes in Red Sea area drop 21% due to attacks on ships
February 27, 2024 Cargo volumes to and from ports in the Gulf of Aden and the Red Sea have fallen by double-digits in the first few weeks...
DP World, Masdar partner to drive renewable power for port operations
February 26, 2024 DP World has signed a partnership agreement with clean energy player, Abu Dhabi Future Energy Company (Masdar), to...
ZIM names three new LNG vessels
February 23, 2024 ZIM Integrated Shipping Services Ltd. (ZIM) has named three new vessels joining its fleet, marking another step in the...
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