Wan Hai and ONE jointly launch services connecting Asia to US West Coast
Wan Hai and ONE jointly launch services connecting Asia to US West Coast
Phaata | 19-02-2024

Wan Hai Lines and Ocean Network Express (ONE) cooperate to jointly deploy a service called AP1, connecting Asia with the US West Coast.

HMM maintains profitability in Q4 2023.

Phaata | 15-02-2024

South Korea's HMM container shipping line maintained profitability in the fourth quarter of 2023 despite pressure on the container shipping market.

Maersk May Consider Acquisition of DB Schenker

Phaata | 13-02-2024

Maersk may consider acquiring DB Schenker after revealing its stance during the Q4 2023 earnings conference on February 8.

DSV: Red Sea crisis having a limited impact on airfreight

Phaata | 12-02-2024

According to DSV, customers are “buffering up” to counter the impact of the Red Sea crisis and have not yet turned to air freight. Air transport


International shipping and logistics market update - Week 6/2024

Phaata | 10-02-2024

International logistics and container shipping market update on Asia, Europe and North America routes in the week 6/2024.

Harim Group withdrew from the purchase of HMM

Phaata | 08-02-2024

Harim Group announced that it will withdraw from the acquisition of Korea's largest shipping line HMM.

CMA CGM temporarily suspends transit services via Red Sea

Phaata | 07-02-2024

Shipping line CMA CGM announced that all services initially routed via the Red Sea route will now bypass the Cape of Good Hope.

Container freight rates on Asia-Europe route adjusted to decrease

Phaata | 06-02-2024

The Shanghai Container Freight Index (SCFI) showed that for the third consecutive week, there has been a downward revision in freight rates for Asia-Europe routes, which have been hardest hit by the Red Sea crisis.

Hapag-Lloyd announces new GRI from Asia to destinations in Central and South America

Phaata | 05-02-2024

Hapag-Lloyd Shipping Line has announced a new General Rate Increase (GRI) expected to take effect for sailings from Asia (excluding Japan) to Latin America, Mexico, the Caribbean and Central America, starting from March 1, 2024.

International shipping and logistics market update - Week 5/2024

Phaata | 02-02-2024

International logistics and container shipping market update on Asia, Europe and North America routes in the week of 5/2024.

ONE awards AiP certification for ammonia dual fuel vessels

Phaata | 01-02-2024

Shipping line ONE has been awarded the Certificate of Approval in Principle (AiP) by DNV for its ammonia dual fuel container ship design. ONE's Ammonia dual fuel vessel

Red Sea crisis affects old ship recycling market

Phaata | 31-01-2024

The crisis in the Middle East and the decision by many shipowners to reroute ships around the Cape of Good Hope is consolidating the market and keeping freight rates skyrocketing, which is affecting the market for recycling old ships.

Yang Ming refrains from chartering additional vessels amid the Red Sea crisis

Phaata | 30-01-2024

Yang Ming Marine Transport Corporation will not follow other industry players in chartering additional container vessels to capitalize on the Red Sea crisis.


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