Hapag-Lloyd Revises $4.2 Billion ZIM Deal to Protect Israel’s Strategic Shipping Routes
Hapag-Lloyd Revises $4.2 Billion ZIM Deal to Protect Israel’s Strategic Shipping Routes German shipping giant Hapag-Lloyd is revising its proposed $4.2 billion acquisition of Israeli container carrier ZIM Integrated Shipping Services following concerns over Israel’s maritime security and strategic independence....
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DRC Launches SYGREM to Digitise Freight Management and Strengthen Cargo Tracking
DRC Launches SYGREM Digital Platform to Modernise Freight Management and Track Cargo The Democratic Republic of Congo (DRC) has launched a new digital platform aimed at centralising freight management, improving cargo traceability and strengthening oversight of revenue generated from freight-tracking...
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Global Shipping Carrier Profits Jump 58% as Freight Market Conditions Improve
Shipping Carrier Profits Surge 58% as Freight Market Strengthens Global shipping carriers recorded a 58% increase in profits, highlighting a significant improvement in financial performance across the container shipping industry. The sharp rise comes as carriers continue to benefit from...
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Maersk Introduces R24,000 Import Surcharge Amid Rising Shipping Costs
Maersk Introduces R24,000 Import Surcharge as Shipping Costs Rise Maersk is introducing an additional R24,000 import surcharge on selected cargo as ongoing disruptions and rising operational costs continue to put pressure on global shipping. The new charge will increase the...
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Global Port Congestion Ties Up 18.5 Million TEUs of Shipping Capacity
Global Port Congestion Keeps 18.5 Million TEUs of Capacity Tied Up Global port congestion is continuing to put pressure on the shipping industry, with an estimated 18.5 million TEUs of container capacity currently tied up in ports around the world....
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Maersk Diverts Cape Town Call to Ngqura to Recover Schedule Delays
Maersk Diverts Cape Town-Bound Vessel to Ngqura Amid Schedule Delays Maersk is diverting a scheduled Cape Town port call to Ngqura as the shipping line works to recover accumulated delays affecting its MW1 India-Africa service. The Maersk Cubango 630E will...
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