Following the dissolution of the 2M alliance, of Maersk and MSC, it was expected a realignment of the top 10 container lines could take place, the Gemini Cooperation could prove to be start of this shift, but the move could drive further merger...
The new Gemini Cooperation alliance of Maersk and Hapag-Lloyd is seen as positive news by shippers and analysts as the two lines set out their ambitions around schedule reliability and green credentials.
South China shipbuilder CSSC Huangpu Wenchong Shipbuilding says German owner Elbdeich Reederei ordered two 1,250 teu boxships plus options for another pair.
Research shows executives' optimism and faith in automation and AI as supply chains face complex geopolitical, climate, and technological challenges.
German container carrier Hapag-Lloyd is set to leave THE Alliance in January 2025 and join a new alliance with Maersk Line, called the Gemini Cooperation to be launched in February next year.
Ocean Network Express (ONE) announced it has signed contracts for the construction of 12 13,000 teu methanol dual-fuel container ships.
Chinese yards accounted for 50% of 2023 world shipyard output on a compensated gross tonnage (CGT) basis, according to Clarksons Research.
China was the world’s largest shipbuilding nation in 2023 across all three measures of output, new shipbuilding contracts and orders-on-hand. It was also achieved double-digit growth across all three in 2023.
Soaring freight rates and an upturn in financial fortunes are in focus at the US’ Federal Maritime Commission (FMC) as disputes with shippers loom.
Feeder operator Regional Container Lines has ordered four 4,000 teu boxships from CSSC Huangpu Wenchong Shipbuilding at a total cost of $56.6 million.