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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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Einride and DAF Trucks are partnering to integrate autonomous-driving technology into DAF electric trucks, moving the companies toward eventual commercial deployment of SAE Level 4 autonomous electric freight vehicles.
The companies will initially work with Dutch research institute TNO to define and test integration of Einride's ...
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NYK Line reported sharply higher first-quarter revenue and profit and raised its full-year forecast as stronger dry bulk and energy markets offset weaker earnings in container shipping, automotive transportation and logistics.
For the three months ended June 30, revenue increased 21.1 percent year over year to ...
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The market outlook for multipurpose (MPV) and heavy-lift shipping strengthened sharply in the third quarter, with One World Shipbroker’s latest Market Sentiment Index (MSI) climbing to 54.7, its highest level since the post-pandemic container shipping boom of 2022.
The quarterly survey led by Justin Archard, attributes ...
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