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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.
Sat in the Sea Asia Show Daily office for the Sea Asia 2013 exhibition and conference we are surrounded by a frenzy of activity as hundreds of exhibitors set up…
President Obama’s efforts to revitalise America’s infrastructure brought him into the maritime realm with a visit to the Port of Miami, a top cruise port that is set to bolster…
Santiago: Compañía Sud Americana de Vapores S.A. (CSAV) today announced a $570m investment plan, ordering seven new containerships and prepaying a debt facility of $258m, at a significant discount.
Oakland: The member lines of the Transpacific Stabilization Agreement (TSA) are pushing general rate increases (GRI) as they enter negotiations for annual contracts.
Kuwait: United Arab Shipping Company (UASC) and China Shipping Container Lines (CSCL) are teaming up to launch three new transpacific services covering both Pacific South West (PSW) and Pacific North…
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