Top 10: The largest container lines in terms of chartered carrying capacity

Container shipping companies were on newbuild ordering spree during 2022 with the majority of them ordering new boxships driven by all-time record freight rates. However, the share of chartered vessels remains – in some cases extremely – high in most of the ocean carriers.

Container News presents the following list that includes the top 10 container shipping companies in terms of the TEU capacity of their chartered vessels, according to Alphaliner’s data at the end of December 2022.

1. Mediterrane...

Hapag-Lloyd acquires stake in Indian terminals, logistics provider

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Hapag-Lloyd on Wednesday signed a binding agreement to acquire a 35% stake in J M Baxi Ports &...

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 and raise Hapag-Lloyd’s shareholding to 40%.

The contracting parties agreed to not reveal any financial details of the deal.

J M Baxi Ports & Logistics Limited is...

New trade route to link Saudi Arabia’s Jubail Commercial Port to six global destinaions

The Saudi Ports Authority (Mawani) has revealed the addition of Saudi Arabia’s Jubail Commercial Port to the India Gulf Service 1 (IG1) shipping route by ocean carr ..

The post New trade route to link Saudi Arabia’s Jubail Commercial Port to six global destinaions appeared first on Baird Maritime.

Hapag-Lloyd changes rotation of India Gulf Service 1

Hapag-Lloyd has announced an update on the India Gulf 1 (IG1) service port rotation replacing the call at Bahrain with a call at the port of Jubail in Saudi Arabia.

The new rotation of the weekly service will be Jebel Ali (UAE) – Karachi (Pakistan) – Mundra (India) – Sohar (Oman) – Jebel Ali – Shuaiba (Kuwait) – Umm Qasar (Iraq) – Jubail (Saudi Arabia) – Jebel Ali

Three container ships with an average carrying capacity of 2,400 TEUs will be deployed on the service with the first vessel sailing...

Hapag-Lloyd simplifies shipping documentation for Middle East customers

Cargo interests in the Middle East now have an opportunity to relieve the generally onerous shipping documentation burden as they seek multiple amendments closer to the shipment date.

Hapag-Lloyd has introduced online B/L amendment tools as part of its new customer-centric strategy.

Under the digital mode, customers will receive draft amendments within two hours of placing a request through the carrier’s website.

“We have simplified our shipment handling process through our website,” the German...

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