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...
![Maersk and Hapag-Lloyd CEOs]( "Maersk and Hapag-Lloyd CEOs")
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.
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.
In a major step forward to upgrade Cyprus’ status as a robust maritime center the country has launched the One-Stop Shipping Centre.
Chinese yards accounted for 50% of 2023 world shipyard output on a compensated gross tonnage (CGT) basis, according to Clarksons Research.
Anne Marie Elder and Jarek Klimczak from Marine at AXA XL explore how the maritime industry is navigating through new risks to hit net-zero targets
Frontline has agreed to sell its five oldest VLCCs for a total sale price of $290m.
The European Union has agreed a substantial grant to support a carbon capture and green fuel production project in Greece.
