NEWS

ZIM profits over US$4.2 billion so far, while container volumes remain flat
ZIM profits over US$4.2 billion so far, while container volumes remain flat

The normalisation in container rates has begun, according to ZIM president and CEO, who noted that his company's third-quarter and nine-month results reflect "outstanding execution and elevated profitability".

Maersk announces new service to connect India–UAE–Saudi Arabia corridor
Maersk announces new service to connect India–UAE–Saudi Arabia corridor

A.P. Moller – Maersk has announced the launch of a new ocean shipping service, ‘Shaheen Express’, which started the previous week.

Maersk opens specialised warehouse for electric car batteries in Europe
Maersk opens specialised warehouse for electric car batteries in Europe

A.P. Moller - Maersk has established a new warehouse specialised in handling batteries for electric cars in the northern part of the Czech Republic.

Exports to EU require greater initiative
Exports to EU require greater initiative

More than two years after the EU-Vietnam Free Trade Agreement (EVFTA) took effect in August 2020, Vietnam’s exports to the EU have increased considerably. To promote sustainable exports to this large but highly demanding consumer market, Vietnamese businesses should be more proactive in grasping opportunities presented by the trade deal.

MSC and Maersk accused of abusing container dominance in Brazil
MSC and Maersk accused of abusing container dominance in Brazil

The Brazilian Association of Port Terminals (ABTP) has filled a legal request at the Administrative Economic Defense Council (CADE) of Brazil to investigate the impact of the two largest container lines in the world, MSC and Maersk, on the country's port market.

ICTSI reports over US$1.6 billion revenue, surpasses US$500 million profit
ICTSI reports over US$1.6 billion revenue, surpasses US$500 million profit

International Container Terminal Services, Inc. (ICTSI) reported unaudited consolidated financial results for the nine months of 2022 posting revenue from port operations of US$1.64 billion, an increase of 20% compared to what was reported for the same period in 2021.

Is it time for container spot rates to arrest their fall?
Is it time for container spot rates to arrest their fall?

It has been a norm for the Global Container Spot Rate Indices to have weekly falls in rates, one after the other, ever since February 2022.

ZIM opens fully-owned agency in New Zealand
ZIM opens fully-owned agency in New Zealand

The Israeli shipping company ZIM has announced the opening of a fully-owned agency in New Zealand, replacing the current third-party agent.


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