Hapag-Lloyd adds space guarantee fee for India-US loads amid sailing cuts
One forwarder that had a recent cargo sail from Mundra complained that loading was only confirmed subject to the additional…
Iraq exports over 106 mln barrels of crude oil in March
Iraq exported about 106.11 million barrels of crude oil in March, the country’s Oil Ministry announced. About 104.68 million barrels…
ONE banks $1 billion FY profit on Red Sea-linked boost in ocean rates
Ocean carrier reporting season is off and running and, as expected, the diversion of ships around southern Africa to avoid…
Indonesia palm oil exports slide by a quarter in February as rival oils become cheaper
Indonesia, the world’s biggest palm oil producer, saw February palm oil exports tumble by a quarter as buyers switched to…
Clean fuels from outside EU face exclusion from green database: industry groups
Biomethane and biomethanol-based fuels suitable for shipping and produced outside Europe may not receive automatic certification within the European Commission’s…
South Korea’s MFG buys 134,000 T corn in tender, traders say
South Korea’s Major Feedmill Group (MFG) purchased an estimated 134,000 metric tons of animal feed corn in an international tender…
HMM plans for THE Alliance revamp with SM Lines trans-Pacific slot deal
The tie-up is part of a wider move by individual members of THE Alliance to broaden their respective networks and…
US HHG imports await housing recovery after two-year tumble
Elevated mortgage rates and inflation continue to drag down new home construction and remodeling activity, two of the major drivers…
Red Sea rate effect spreads to other trade lanes as demand rises: Maersk CEO
While the carrier is seeing robust volume gains across its main trade lanes, the transits around southern Africa are absorbing…
Excess capacity hangs over recovering container market: Maersk CEO
Sailing the longer voyages around southern Africa has allowed carriers to address their excess capacity challenges, but that is a…