The investment will give Hapag-Lloyd long-term capacity at the expanding Maasvlakte II terminal, a key European hub for the Gemini Cooperation.
Hapag-Lloyd has agreed to acquire a 25 percent stake in APM Terminals Maasvlakte II in Rotterdam, strengthening the carrier’s access to automated terminal capacity at a key European hub for its Gemini Cooperation with Maersk.
APM Terminals, the terminal-operating subsidiary of A.P. Moller-Maersk, will retain operational control following the transaction. Financial ...
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Hapag-Lloyd reported improved volumes and freight rates in the second quarter, but an estimated US$600 million in additional costs related to the Middle East conflict weighed heavily on earnings.
The Hamburg-based container carrier reported Q2 group revenue of US$5.84 billion, up nearly 11 percent from US$5.27 billion a year earlier. EBITDA ...
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An executive order and new White House report signal increased scrutiny of country-of-origin claims, importer ownership, production records and international cargo routing.
U.S. importers could face expanded documentation requirements, more intensive vetting and closer examination of overseas production as the Trump administration moves to strengthen enforcement against illegal transshipment and tariff ...
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Wallenius Wilhelmsen maintained its full-year earnings outlook as surging vehicle exports from Asia kept its ro-ro fleet fully utilized and strengthened freight and charter rates, although higher fuel costs related to the Middle East conflict weighed on second-quarter earnings.
The company reported second-quarter revenue of US$1.31 billion, down 3 percent from ...
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Trans-Pacific container spot rates moved higher for a second week while Asia-Europe rates continued to retreat, as stronger-than-expected U.S. import demand and carrier capacity management increasingly separate the two major east-west markets.
Drewry's World Container Index rose 1 percent to US$4,339 per 40-foot container for the week of Aug. 13, driven ...
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The Port of Long Beach handled 928,508 TEUs in July, its second-busiest July on record and fourth-highest monthly volume overall, despite a 1.7 percent decline from a year earlier.
Imports were nearly flat, slipping 0.1 percent to 467,461 TEUs, while exports increased 14.8 percent to 104,843 TEUs. Empty-container movements fell 7.4 ...
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A.P. Moller-Maersk sharply raised its full-year earnings outlook after stronger freight rates, growing container volumes and widespread supply chain disruption helped drive a more than fourfold increase in second-quarter Ocean operating profit.
Maersk reported second-quarter revenue of US$15.8 billion, up 20 percent from US$13.1 billion a year earlier. EBITDA increased to ...
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CMA CGM will increase its Panama Canal surcharge on Far East cargo moving to the U.S. East and Gulf coasts as reduced vessel drafts limit the amount of cargo ships can carry through the waterway.
The carrier’s Panama Canal Adjustment Factor will rise to US$500 per TEU effective Sept. 10, up ...
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China’s iron ore mining fell 7 percent year over year during the first half of 2026 as net imports increased 6 percent and steel production weakened, according to BIMCO.
Net imports accounted for 57 percent of China’s iron ore supply, up from 50 percent in the first half of 2022.
“The country ...
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Leonhardt & Blumberg has installed wind-assisted propulsion on the first of four general cargo vessels in a program expected to reduce fuel consumption and emissions.
Two Econowind VentoFoils were installed aboard Hansa Drejoe at Royal Niestern Sander Shipyard in the Netherlands during early August. Sister vessel Hansa Christiansoe is now at ...
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