European Commission launches Ship Financing Portal
The Ship Financing Portal, designed to improve access to financing for the shipping sector and the wider maritime industry, is now online! The platform, launched by the European
CMA CGM declares a force majeure for Baltimore shipments
CMA CGM declares a force majeure for Port of Baltimore shipments following the Francis Scott Bridge collapse caused by the containership Dali. Following the terrible accident with
Cyprus’ Business Turnover in Transportation and Storage
Cyprus’ Business Turnover Index in Transportation and Storage reached 143.1 units in the fourth quarter of 2023, with 2015 being the base year, reflecting a 6 per cent
Container Shipping in 2023: The Changing Landscape
The container shipping sector experienced a significant collapse in freight rates in 2023, impacting the top ten container shipping companies more severely and rapidly than anticipated. This
Unrest in the Red Sea rises demand for containers
Due to the Houthi rebels’ ongoing attacks, the Red Sea—a crucial route for East-West trade—is experiencing unparalleled volatility. This has resulted in higher fuel and insurance prices,
Maersk, IBM to shut down blockchain joint venture TradeLens
Maersk and IBM caused a stir when they revealed TradeLens as a blockchain solution for global trade in 2018, signing up dozens of partners. Not long after its
Intermodal Asia 2022 opens registration
Intermodal Asia 2022 takes place in Shanghai on 14 – 16 December 2022. The Intermodal Asia exhibition and conference brings together the container and intermodal industry’s most influential decision-makers
Hapag-Lloyd makes first step to trackable dry container fleet
German shipping line Hapag-Lloyd has commenced a major project on digitising its dry container fleet. By the end of 2023, most of the company’s dry containers will
Switzerland is on the way to innovative freight transport
By 2031, a brand new and innovative means of freight transport can appear in Switzerland. It will be fully dedicated to moving freight via the special underground
DB Schenker puts Deutsche Bahn back in black
The logistics subsidiary DB Schenker made by far the largest contribution to the positive development of Deutsche Bahn (DB), which reported a positive operating result for the