HMM and SM Line cooperate on trans-Pacific service amid changing alliances
HMM and SM Line cooperate on trans-Pacific service amid changing alliances
Phaata | 15-05-2024

Korean shipping lines including HMM and SM Line cooperated with each other for the first time on long-distance routes amid fluctuations in container shipping alliances.

Yang Ming reports financial results for Q1 2024

Phaata | 10-05-2024

Yang Ming reported Q1 2024 revenue of US$ 1.39 billion and net profit after tax of US$ 298.42 million with EPS of NT$2.69.

Container ship capacity deliveries reach new record of 1 million TEU in the first 4 months of 2024

Phaata | 09-05-2024

A record was set as more than 1 million TEU of container ship capacity was delivered in the first four months of 2024, an increase of nearly 80% compared to the previous record.

Conflict in the Red Sea causes instability in freight rates in the market: Xeneta

Phaata | 08-05-2024

According to new data from Xeneta, container shipping lines are having to weigh the risks and benefits in negotiating new contracts as the market remains affected by uncertainty in the Red Sea.


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


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