Market News

Hapag-Lloyd and IKEA Supply Chain Operations join forces to decarbonize container shipments from Asia, marking a significant step towards a greener maritime industry. Reduced Emissions with Biofuel: From March 2024 to February 2025, IKEA will leverage Hapag-Lloyd’s Ship Green 100 product, utilizing waste-based biofuels to significantly cut CO2 emissions by an estimated 100,000 tonnes. Shared [...]

Marseille-based CMA CGM and German ocean carrier Hapag-Lloyd have implemented Peak Season Surcharges (PSS) for shipments from Asia to various destinations in Africa and Mauritius. These surcharges will be in effect from mid-May onwards. Key Points: CMA CGM PSS: Applies to dry cargo shipments from China, Southeast Asia, Northeast Asia, and East Coast India (listed [...]

Houthi rebels launched a long-range drone attack on the MSC Orion, a 15,000 TEU container ship operated by MSC, in the Indian Ocean on April 26th. This incident highlights the growing threat to maritime security in the region. Key Points: Attack on MSC Orion: The vessel, route from Portugal to Oman, was targeted by Houthis [...]

Hapag-Lloyd, the world’s first shipping line to offer fleet-wide dry container tracking, has unveiled its “Live Position” product. This innovative solution provides customers with unprecedented visibility into their shipments, from origin to destination. Key benefits of Hapag-Lloyd Live Position: Real-time tracking: Gain complete transparency over your dry cargo shipments throughout their entire journey. Improved decision-making: [...]

The International Bunker Industry Association (IBIA) and the Baltic and International Maritime Council (BIMCO) have signed a momentous Memorandum of Understanding (MoU) to collectively address the challenge of decarbonization in the shipping industry. This partnership signifies a significant stride towards a greener future for maritime operations. Experts Unite for Sustainable Solutions By combining their extensive [...]

Major carriers are boosting trade between Asia and East Coast South America with a new service launching in May. This collaboration between COSCO, OOCL, Evergreen, and PIL will offer increased connectivity and efficient cargo movement across the Pacific Ocean. Highlights of the New Service: Enhanced Connectivity: The service features two separate loops connecting key ports in Asia with major [...]