Shipping, a proxy for trade and a health measure of the world economy, could see transport volumes rise between 2.8% and 3% in 2025, said C...

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

The demand trend, combined with the Red Sea re-routings and port congestion in Asia, have counteracted what could have turned into a loomin...

With some 280 ships, Hapag-Lloyd is the world's fifth-largest shipping company, and connections to North America have traditionally been an...

With capacity stretched by more than five months of attacks on vessels in the Red Sea, the container shipping industry is scrambling to mee...

Ship operators face prolonged disruption as Yemen-based Houthi militants attack vessels travelling on one of the world's busiest routes, ca...

The The company had earlier said in November that it would reduce some services to save costs and stem falling profits as freight rates div...

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...

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

Hapag Lloyd also expects freight rates will not fall below costs, which were being kept high by expensive charter rates, high fuel costs an...

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...

While supply chain strains bolstered shipping rates and earnings they are expected to weigh on volumes, with the group expecting an increas...

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

Effective September 7, 2009, Maersk Logistics and Damco will be integrated into a single brand under the name Damco. Rolf Habben-Jansen, CE...