According to Mr. Kim In-hyeon, Professor of Maritime Law at Korea University, HMM shipping company should use profits from the shipping fever due to the Covid-19 pandemic to double the size of its container fleet, to 1.7 million TEUs.

Emirates Shipping Line (ESL) announced the opening of the new service COSMOS (CMX) and improvements to the existing service GALEX (GLX) with the aim of optimizing transit times and increasing frequencies between the Far East and Middle East regions.

French shipping giant - CMA CGM Group has completed the acquisition of Bolloré Logistics from its compatriot shipping group Bolloré Group.

International logistics and container shipping market update on Asia, Europe and North America routes in the week 9/2024.

A new container shipping line specializing in short routes and feeders (feeder) has just been established in Saudi Arabia to connect goods from this country to other important ports in the Red Sea region.

The crisis in the Red Sea has caused sea freight rates from the Far East to the US to increase by more than 150%, but with recent developments, shippers may feel some relief from the increase.

The OCEAN Alliance officially signed documents agreeing to extend alliance cooperation for another 5 years, until March 31, 2032.

According to the Japan Maritime Center (JMC) using information from Container Trades Statistics (CTS), container exports from Asia to Europe reached 16.58 million TEUs in 2023.

International logistics and container shipping market update on Asia, Europe and North America routes in the week 8/2024.