Carrier profit uncertain despite successful rate hikes—Drewry

Ocean carriers have successfully implemented a series of general rate increases (GRIs)…

ZIM closes 2011 with $397-M net loss

Zim Integrated Shipping Services ended 2011 in the red, reporting a net…

Maersk plans GRIs on Asia-US cargo

Maersk Line, the world’s biggest shipping container line, announced it will implement…

Hapag-Lloyd to impose freight rate hike on Far East-Europe corridor in May

Germany’s Hapag-Lloyd announced a rate increase of US$400 per 20-foot equivalent unit…

Vietnam shipping sector facing bleak future?

Vietnamese shipping lines have been losing out to international rivals in recent…

Cebu 2011 cargo throughput up 5.4%

Philippine ports under the Cebu Port Authority (CPA) registered a throughput of…

Maersk CEO goes on extended sick leave

A.P. Moller-Maersk, the Danish shipping and energy conglomerate, said CEO Nils Smedegaard…

MOL beefs up Asia-South Africa service

Mitsui O.S.K. Lines (MOL) announced on March 27 two enhancements to its…

Maersk holds all North Europe-Asia cargo bookings

Maersk Line, the world’s biggest container shipper, has ceased all bookings on…

CMA CGM to apply rate hikes, surcharges from April

Marseilles-based shipping giant CMA CGM announced on March 21 its new rate…