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Busan: Maersk Line will add South Korea's Busan port to its schedule of Asia-Europe (AE10) service from 29 April as the carrier expects rising volumes from the container port.
Shanghai: Taiwanese carrier Evergreen Line is joining forces with China's Cosco and Israel's Zim to upgrade their fleet operating in the Far East – South America Service (ESA).
Dubai: The Shipping Corporation of India (SCI) will take over six of the seven vessels belonging to recently dissolved Iranian joint venture Irano Hind Shipping.
Taipei: Evergreen Line is to partner with CMA CGM to provide a new South Red Sea Service (SRS2) which will link Southeast Asia, the Indian Sub-continent (ISC) and the Red…
Hamburg: The city of Hamburg still wants box lines Hapag-Lloyd and Hamburg Süd to merge, a city official told Reuters.
CMA CGM has announced a new weekly service, REX (Red Sea Express) 3, from Asia to the Red Sea, to be launched on May 2.
London: Container lines have the potential to return to profit during 2013, provided they 'refrain from old habits and stick to pricing and capacity discipline', Drewry’s Container Forecaster predicts.
The container shipping industry needs to get used to a new normal of higher energy prices, lower capacity utilisation rates and a lower rate of growth going forward, according to…
Seoul: Korea Development Bank (KDB) has launched due diligence for a takeover of STX Pan Ocean (STX PO), pushing up shares in the Korean shipowner.
Kuala Lumpur: Malaysia's oil and gas firm Petronas has raised its takeover offer of Malaysian shipowner MISC.
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