Dr Anil Sharma, founder and CEO of Global Marketing Systems Inc (GMS), is forecasting a significant increase in the number of container ships and bulk carriers heading for recycling yards as result of the IMO’s CII carbon intensity regulation.
The world’s two largest container lines Mediterranean Shipping Company (MSC) and Maersk are to end their 2M alliance in 2025.
As 2023 begins, many participants in the cargo supply chains are breathing a little easier than they were a year ago as inventory buildups have backed down, and landside congestion has eased.
Saudi Arabia’s Jubail Commercial Port has been added to Hapag-Lloyd’s India Gulf Service 1 (IG1) route.
The Saudi Ports Authority (Mawani) has launched a new India-US shipping service.
Antitrust authorities have approved Hapag-Lloyd’s acquisition of a minority stake in the Spinelli Group, after signing took place in September 2022.
The phenomenon sparked by the COVID pandemic of growing non-alliance capacity on many major container trades continues to ease from its peak.
Container throughput at Saudi Arabia’s ports grew by 13.63% on-year in December, according to the Saudi Ports Authority (Mawani).
