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...
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.
The Saudi Ports Authority (Mawani) and MEDLOG, the logistics arm of the world’s largest container line MSC, have signed an agreement to develop the first-ever integrated logistics park and re-export zone at Dammam’s King Abdulaziz Port in Saudi...
Three container ships, one each from MSC, Maersk and CMA CGM, were identified on VesselsValue AIS heading south in the Suez Canal towards the Red Sea danger zone despite the carrier’s saying they had re-routed vessels around the African Cape.
With continued attacks on ships in the Red Sea the International Transport Workers Federation (ITF) says the safety of seafarers should be paramount, as Ocean Network Express (ONE) becomes the latest to say it is avoiding the region.
MSC’s Terminal Investment Ltd (TiL) has taken a 49% stake in India’s Adani Ennore Container Terminal Pvt Ltd (AECTPL).
Continued attacks on commercial shipping in the Red Sea, including a missile strike on a Norwegian chemical tanker, have prompted more vessel operators to halt Suez transits or divert vessels around the African Cape.
The US is launching a multi-national security initiative – Operation Prosperity Guardian – to protect shipping in the Red Sea and the Gulf of Aden from attacks by Houthi militia.