Nestlé inks deal with CMA CGM for low carbon transport solutions

The world’s largest food and beverage company Nestlé is currently transporting 100% of its CMA CGM volumes to BIOFUEL+, a biofuel derived from organic waste, resulting in an impressive 84% reduction in carbon emissions. This collaboration empowers Nestlé to avoid 70,000 tons of CO2 annually, significantly cutting down its greenhouse gas shipping emissions. “Reaching net […]

Major box carriers pause container ship traffic through Red Sea

Major ocean carriers have decided that their ships will not transit the Suez Canal due to recent attacks in the region. The largest container line in the world MSC has announced its vessels will not transit the Suez Canal eastbound and westbound “until the Red Sea passage is safe”. The Swiss/Italian shipping giant mentioned that on 15 […]

Asia-Europe rates gain from Christmas rush

Gains in Asia-Europe freight rates are likely to be sustained throughout December as shippers rush out goods before Christmas, according to Linerlytica’s latest report, released today (12 December). On 8 December, the Shanghai Containerised Freight Index showed that Asia-North Europe rates gained 9% to US$925/TEU, while Asia-Mediterranean rates went up by 10% to US$1,387/TEU, marking a second straight week […]

Singapore and Tianjin to establish green and digital shipping corridor

The Maritime and Port Authority of Singapore (MPA) and China’s Tianjin Municipal Transportation Commission signed an agreement to establish the Singapore – Tianjin Green and Digital Shipping Corridor. Chief Executive of MPA Teo Eng Dih and Director General of Tianjin Municipal Transportation Commission Wang Zhinan signed a Memorandum of Understanding on 6 December. This agreement […]

OOCL launches two intra-Asia services

Orient Overseas Container Line (OOCL) aims to strengthen its China, Indonesia and Philippines network coverage by introducing two new services. In particular, the CIP1 and CIP2 services are expected to launch on 29 December, establishing direct connections among major ports in China, Indonesia, the Philippines and Singapore. The port rotation of the CIP1 service will be […]

Maersk to invest over US$500 million in Southeast Asia

(left to right) Elaine Low, Area Managing Director, Maersk Southeast Asia, Ditlev Blicher, President of Maersk Asia Pacific, Vincent Clerc, CEO of A.P. Moller-Maersk Maersk will invest more than US$500 million in expanding its supply chain infrastructure to support Southeast Asia’s emergence as a global production hub and a consumption powerhouse. Maersk’s planned three-year investment […]