Hapag Lloyd is the largest shipping company in Germany, founded 50 years ago in 1970. It is headquartered in Hamburg and has revenues of over $ 12 billion and employs 13,000 people. The company was formed on September 1, 1970 from the merger of two German shipping companies, Hamburg-Americ...
Ocean freight rates, which were the largest inflationary pressure on products, have dropped sharply back to pre-pandemic levels. The combination of the weaker demand and soft prices has led ocean carriers to cancel sailings. By restricting the amount of sailings, shippers shrink the amount...
The 60,000-tonne cargo vessel caught fire on February 16th while crossing the North Atlantic Ocean. Heading to Rhode Island, it was carrying 4,000 electric cars from luxury brands like Porsche, Bentley, Lamborghini, Volkswagen, etc., which went down with the ship, resulting in losses of over...
The Port of Busan, also known as Pusan, is South Korea’s largest port and second-largest city. It covers 10 square kilometres and is situated on the Naktong River. The port forms a major commercial getaway between thePacific Oceanand the countries belonging to Eurasia. The Port of Busan ...
Some of the world’s heaviest shipping traffic passes the Somali coast. But major shipping companies have begun to consider new routes. One of the world’s biggest shippers, A.P, Moeller Maersk, says it will avoid the Gulf of Aden. A move away from the Suez Canal could hurt Egypt’s ...
Furthermore, we have developed a good co-operative partnership with many world-renowned shipping companies and signed agreements with YANGMING/MSK/OOCL/EMC/WANHAI/COSCO/MSC/CHINASHIPPING/PIL etc. We try our best to provide our clients "one-stop-service", and all-aspected services. With ...
A Wegmans store that's about the same size as the company's Johnson City location will be shutting down soon.
Despite the history of this union and the ports reaching agreements in recent decades, logistics companies and shippers areshowing concern about the risk of a strike, with more cargo orders for peak shipping season moving back to West Coast ports. ...
Majority of shipping professionals surveyed are gearing up to enhance resilience through strategic initiatives like risk assessment and scenario planning, diversification of routes and suppliers and regulatory compliance. The biggest “headache” resultin...
Danish shipping group A.P. Moller-Maersk said Thursday it will send a cargo vessel through the Russian Arctic for the first time as a result of melting sea ice.