The new cooperation between Hapag-Lloyd and Maersk will comprise a fleet pool of around 290 vessels with a combined capacity of 3.4 million containers (TEU); Maersk will deploy 60% and Hapag-Lloyd 40%.

The Port of Los Angeles ended up handling roughly 8.6 million TEUs in 2023, a 13% drop off when compared to 2022.

The California-based oil giant is working with naval authorities in the U.S. and Middle East to move its cargoes through the region, said CEO Mike Wirth.

Kazatomprom said January 12 that shortages of sulfuric acid and construction delays at newly developed deposits are creating production challenges that could persist into 2025.

The situation is even causing a rise in demand for shipping containers in Asia as shippers and forwarders foresee cargo demand in the coming weeks.

Tesla is one of the first companies in the world to disclose that Houthi militant attacks in the Red Sea caused the organization to suffer output disruptions.

Most of that additional production capacity could be added in the next three years, based on an analysis of 48 chipmakers with fabrication plants in mainland China, the research showed.

The resolution also called on the Houthis to release the Galaxy Leader, a Japanese-operated car carrier linked to an Israeli businessman that was commandeered by the group November 19.

BIMCO says record deliveries could push container fleet above 30 million TEU in 2024, with another 3 million TEU scheduled to be delivered 2025-2026.

The strike that was organized by the GDL train drivers’ union from Janaury 10 to January 12 has forced German railway operator Deutsche Bahn to run only stripped-back emergency timetables.