FMC reports over 200 charge complaints against ocean carriers since June

The US Federal Maritime Commission (FMC) decided to issue a Supplemental Notice of Proposed Rulemaking (SNPRM) that addresses issues commenters raised in response to the unreasonable refusal to deal or negotiate with respect to vessel space accommodations proposed (Docket 22-24) rule issued last September. In fact, the Commission has received more than 200 charge complaints […]

Maersk to integrate Hamburg Süd and Sealand

Photo: Hamburg Süd Maersk has announced its intention to unify its brands by integrating Hamburg Süd and Sealand. The Danish shipping company believes that by integrating the aforementioned firms into the Maersk brand, it will be able to ease its customers’ logistical difficulties. “We realise that our current brand structure doesn’t reflect the way our […]

Hapag-Lloyd buys share in India’s terminal and inland transportation service provider

Hapag-Lloyd signed a binding agreement today (25 January) to acquire a 35% stake in J M Baxi Ports & Logistics Limited (JMBPL) from a Bain Capital Private Equity affiliate. Furthermore, the German shipping company inked a binding agreement with JMBPL and its promoters, the Kotak family, to subscribe to a capital increase by the company […]

Maersk supports German climate start-up to accelerate shipping decarbonisation

C1, a climate tech start-up, has raised growth capital from Maersk Growth, the venture capital arm of A.P. Moller – Maersk, in order to accelerate the scaling of their ultra-efficient catalysis, which will enable mass production of green methanol without the usual premium paid for sustainably produced methanol. According to a statement by C1, besides […]

Port of Singapore surpasses 37 million TEUs in second busiest year in history

Port of Singapore Port of Singapore has reported a container throughput of 37.3 million TEUs in 2022, which represents a slight decline of 0.7% compared with the all-time record volumes in the previous year. Despite the fall of 3-4% in global container trade, the Port of Singapore achieved its second busiest year in its history. […]