gemini-cooperation
The Suez experiment is approaching its litmus test.
After more than two years of trial voyages, security assessments and cautious rerouting, container lines are beginning to move entire service strings back through the Red Sea and Suez Canal.
The latest shift comes from the Gemini Cooperation, where Maersk and Hapag-Lloyd are returning four additional services to Suez, joining two already using the route. But Gemini is only part of a broader migration ...
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Ocean freight procurement teams are rethinking the annual tender as volatile rates, unpredictable surcharges and inconsistent carrier performance make it increasingly difficult to build a freight budget that can survive an entire year.
That was a common theme from recent Xeneta shipper roundtables in Atlanta, Houston and London, where procurement executives ...
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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 ...
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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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Container-shipping lines A.P. Moller – Maersk and Hapag-Lloyd AG shared an update on the service map for their Gemini Cooperation, the east-west network due to start operating in February 2025.The operational collaboration announced in December presented two network options: the Trans-Suez and the Cape of Good Hope, the latter providing ...
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