Thursday, December 1, 2022

Press Release

CMA CGM Group, founded by Mr.Jacques Saadé, is currently the 3rd largest container shipping line in the world, owning and operating over 600+ container ships and 3.4 million TEUs. In line with the continued stellar performances of...
Ships using low/net zero emission fuels would be financially rewarded for the emissions they prevent. Measure aims to ensure at least 5% of energy used by shipping globally is produced from alternative fuels by 2030. ...

Nı́colas Henrique Marques Esperança De Souza is Young Ship Agent/Broker 2022

FONASBA has announced Nı́colas Henrique Marques Esperança De Souza, of Wilhelmsen Port Services in Santos, Brazil as the winner of its Young Ship Agent...

Cold chain management solutions for pharma and biologicals now available – Tive

Cold chain is a highly sensitive area of supply chain, which in itself is a complex system, widely used in the pharmaceutical, biological, and...

Excessive Ocean Carrier Profits at Risk as Rapid Decline in Spot Rates Prompts Renegotiation of Contract Rates

Suffern, NY, September 14, 2022 – SHIFEX, the only forwarder-driven container spot freight rate index, recorded the lowest freight rate in 24 months between...

Meet the Sponsors of PharmaReg AfriSummit 2022

PharmaReg AfriSummit is an annual event that provides a platform for medical device and pharmaceutical regulatory experts and industry professionals in Africa to share...

Hapag Lloyd smiling all the way to the bank in the first half of 2022

Result significantly higher than prior-year period Transport volume at prior-year level Outlook upgraded based on current business performance Uncertainties remain due to the...

Evergreen gets double certified for its Greenhouse Gas emission inventory

In order to implement the company's environmental protection policy and carbon reduction goals, Evergreen Marine Corp. has completed a systematic inspection and calculation of...

Port of New York/New Jersey’s “container imbalance fee” could be counterproductive

On the 2nd of August 2022, the Port of New York and New Jersey announced the  implementation of a new quarterly container imbalance fee...

Continued decrease in Ocean freight spot rates seen as positive measure to curb inflation – SHIFEX by Shifl

Consumer sentiment towards retail has been consistently falling over the last few months on account of rising inflation, even as prices of everyday commodities...

PharmaReg AfriSummit: “For A Healthier Africa” is back

The Annual PharmaReg AfriSummit, an insightful summit with over 300 professionals as attendees, including regional governmental officials & medical experts, is back as a...

Just In Time arrival can reduce fuel consumption and emissions by 14%

Containerships can reduce fuel consumption and resulting carbon dioxide emissions by 14% on a per voyage basis using Just In Time arrival. This is what...

Marine Environment Protection Committee (MEPC) 78th session opens

The 78th session of the Marine Environment Protection Committee (MEPC) opened on the 6th June 2022 as a virtual session. As per an IMO press...

Maersk all clear to take to the skies with Senator International

Flush with a USD19.29 billion revenue (+55%), USD6.78 billion net income and a USD 6 billion free cash flow (+154%) in the first quarter...

Hapag Lloyd completes acquisition of Deutsche Afrika Linien (DAL)

- Deal completed after approval by worldwide antitrust authorities - Acquisition supports Hapag-Lloyd’s strategy to further grow in the South African market   Hapag-Lloyd today successfully closed...

Container spot rates to US tumble on the back of plummeting demand while transit times improve

The US GDP fell 1.4% in the first quarter of 2022, which has concerned economists and analysts alike. Ripples have been felt across the...

Supply Chain and Logistics visibility leader Tive raises $54M in Series B Funding

300%+ revenue growth, 200+ new global customers, and hired 100+ employees in 2021, six new investors in the B round, and thousands of shipments...

Bolloré Africa Logistics now a part of the world’s largest container line’s stable

In the latest episode of ocean carriers acquiring logistics businesses, MSC has confirmed in a statement that it has entered into a share purchase...

Spot freight rates continues to decline as US importers slow down on replenishments

Suffern, NY, March 22, 2022 – Transit times for containers moving between ports in China and their counterparts on the US West Coast declined...

Federal Maritime Commission turns the heat on opportunistic carriers for US exports

In response to complaints from the trade and market in general, the Federal Maritime Commission's (FMC) focus has been on assisting US importers with...

White House wants freight information to FLOW (Freight Logistics Optimization Works)

It took queues and queues of ships stuck outside global ports driven by surging consumer demand in the US, driven by a global pandemic...

International Association of Classification Societies withdraws Russian Register’s Membership

Any vessel over 100 GT (Gross Tonnage) irrespective of whether it is a cargo vessel, fishing vessel or passenger vessel, has to be registered and linked...

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