Maersk and Hapag-Lloyd are set to launch their Gemini Cooperation in February 2025, aiming to create a flexible and interconnected ocean ne...

The drop is the latest headache for the North African nation that was already wrestling with its worst economic crisis in decades before th...

The announcement from Copenhagen-based Maersk and Hapag-Lloyd of Hamburg, Germany, marks another retooling of the world’s three major shipp...

Many transport companies are avoiding the Red Sea where Yemen-based Houthis have attacked ships in support for Hamas in the conflict with I...

The incidents have struck everything from oil tankers to container vessels, pushing shipowners to avoid the route.

Two of the world’s largest container shipping lines said on Friday that they were pausing transits through the Red Sea after their vessels ...

Maersk recently said it’s cutting at least 10,000 jobs to shield its profitability in a market that may remain weak until about 2026.

Vir Kotak, a promoter of JM Baxi Group, has approached the Bombay High Court to intervene in the acquisition of JM Baxi Ports & Logistics b...

The largest container shipping line based in Germany,Hapag-Lloyd AG, has said that it would install SpaceX’s Starlink service on the ships ...

Indian-origin executive Dheeraj Bhatia has been appointed to the executive board of Hapag-Lloyd and as chief executive officer of its inter...

Ocean-cargo firms that haul four-fifths of the global merchandise trade brought in windfall profits in the year 2021.

The closing of the transactions is subject to approval by the relevant authorities and to additional conditions customary for a transaction...

Additionally, Hapag-Lloyd AG signed a binding agreement with JMBPL and its promoters, the Kotak family, to subscribe to a capital increase ...

Results were boosted by an average rate for 20-foot containers that was $2,938 during the nine-month period, compared with $1,818 a year ea...

The price gains came as the economic recovery coincided with reduced shipping capacity, putting inflationary pressure on manufacturers in A...

To help alleviate the tight capacity Hapag-Lloyd is ordering more new containers and urging customers to return the existing boxes in its f...

German tourism company TUI AG said on Sunday it will sell its marine shipping unit Hapag-Lloyd to a consortium of investors in a euro4.45 b...