Page 10 - Hapag Lloyd News Today

By Dominic Chopping Danish shipping giant A.P. Moeller-Maersk and Germany's Hapag-Lloyd are teaming up to form a new vessel-sharing agreement from next year,...

Global shipping giants Hapag-Lloyd and Maersk have struck a partnership deal to operate some of their ships as a joint fleet in the future, the companies announced on Wednesday. The Copenhagen-based Maersk and the Hamburg-based Hapag-Lloyd will launch the alliance, dubbed "Gemini Cooperation," in February 2025, the companies said. Maersk and Hapag-Lloyd said the deal would allow them to make more punctual cargo deliveries for customers and overcome the challenges of a climate-neutral c...

The Red Sea is home to the Suez Canal, which accounts for 12 percent of global trade, including 30 percent of all container movement. Around 80 percent of Indias exports to Europe are routed through the arterial waterway.

Indias merchandise trade in December grew by 1% to $38.45bn, with import declines contributing to a reduced trade deficit, according to the commerce ministry. The disruption in the Red Sea trade route caused by Houthi rebels in Yemen affected 80% of Indias merchandise trade with Europe. While the first nine months of the 2023-24 financial year saw a 5.7% decrease in exports to $317.12bn, the commerce secretary said the three months to March were typically stronger for trade. The government hopes...

US and UK militaries have launched strikes on Yemen-based militant group which has been targeting commercial vessels and warships in the Red Sea

The shipping industry has been in a recession, and some market watchers expect the recent spike in rates to bring about a reversal in container liners’...

Attacks by Iranian-backed Houthis from Yemen on commercial vessels passing through the Red Sea have made some shipowners reluctant to sail via the Suez Canal and Red Sea.

Shell is suspending all shipments through the Red Sea indefinitely following U.S and UK attacks on Houthi rebels last week, reports suggest.

World's second largest liquefied natural gas exporters reviews using shipping route as US shoots down missile heading towards at its Navy destroyer.

The cost of Indian exports has more than doubled due to the Yemeni Houthi militias attacks on ships in the Red Sea, industry officials said on Monday. Around 80% of Indias goods trade...