The three container shipping alliances are still short of 36 ships, or 10% of the required tonnage, to entirely fulfill their 25 Asia – Europe loops as of 10 May. Despite record newbuilding deliveries this year, and 1.14 million TEUs delivered so far, the Red Sea crisis has soaked up all available tonnage. Alphaliner’s report […] The post Red Sea crisis still leaves alliances short of ships, as newbuildings fully absorbed appeared first on Container News.

German container shipping company Hapag-Lloyd concluded the first quarter of 2024 with revenues of US$4.6 billion and a Group EBITDA of US$942 million. Additionally, Hapag-Lloyd recorded US$396 million in EBIT and a profit of US$325 million. All the figures are significantly decreased compared with the numbers in the same period last year. The Hamburg-based ocean carrier […] The post Hapag-Lloyd reports significant decline in Q1 financial results appeared first on Container News.

CMA CGM has announced the launch of a new weekly service, MSX, dedicated to West Coast Central America. The French carrier said this initiative aligns with market dynamics in the region and reaffirms the company's commitment to delivering high-quality service. The port rotation of the new service will be Buenaventura (Colombia) - Balboa (Panama) - […] The post CMA CGM to start new service in West Coast Central America appeared first on Container News.

German container carrier Hapag-Lloyd has announced new rates from India and Pakistan to several destinations worldwide. In particular, the Hamburg-based box line will increase its rates from India and Pakistan to North Europe for 20’ and 40’ dry containers, including dry high cube equipment, effective from 1 June. Per 20' Dry (US$) From To Current […] The post Hapag-Lloyd increases rates from India and Pakistan appeared first on Container News.