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.
Spot container freight rates jumped another 15 – 16% over the last week as shippers continue to react to disruption caused to shipping by attacks in the Red Sea.
Cosco Shipping has announced the acquisition of Italian logistics supply chain company Trasgo via Coscos Srl, the joint venture between Cosco Shipping Europe and Fratelli Cosulich.
The UK Maritime Trade Operations (UKMTO), which advises vessel operators on incidents involving shipping, has reported that up to five armed masked men boarded a tanker in the Gulf of Oman in the early hours of this morning.