Carriers ‘undo’ rate hikes on India-US trades amid cargo volume pressure

Container carriers appear to have abandoned plans to hike freight rates on Indian trades to the United States, as they are facing a slump in cargo bookings.

MSC, Hapag-Lloyd and CMA CGM had planned to implement hefty general rate increase (GRI) and peak season surcharge (PSS) amounts from early March.

For example, MSC’s rate activity plans included a GRI of US$1,000 per box from 1 March and a PSS of $1,500 per box from 4 March for trades to the US West Coast. Earlier, the carrier had also...

https://container-news.com/carriers-undo-rate-hikes-on-india-us-trades-amid-cargo-volume-pressure/

Rolf Habben Jansen remains at the helm of Hapag-Lloyd

The Supervisory Board of Hapag-Lloyd has decided to renew the contract of Chief Executive Officer (CEO) Rolf Habben Jansen, which runs until 31 March 2027, for five years, until 31 March 2029.

In addition, the Supervisory Board has agreed to also extend the contract of Chief Information Officer and Chief Human Resources Officer (CIO/CHRO) Donya-Florence Amer for another five years, to 31 January 2030.

Rolf Habben Jansen and Donya Amer

Rolf Habben Jansen has been a member of the company’s Executive...

https://container-news.com/rolf-habben-jansen-remains-at-the-helm-of-hapag-lloyd/

Hapag-Lloyd records third-highest group profit in history despite significant financial declines

German ocean carrier Hapag-Lloyd has reported revenues of US$19.4 billion and profit of US$3.2 billion in 2023, translating to massive year-on-year drops from US$36.4 billion and US$18 billion, respectively.

Additionally, the company’s earnings before interest and taxes (EBIT) fell from US$18.5 billion in 2022 to US$2.7 billion in 2023 and earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased from US$20.5 billion to US$4.8 billion.

Despite the significant declines...

https://container-news.com/hapag-lloyd-records-third-highest-group-profit-in-history-despite-significant-financial-declines/

Hapag-Lloyd applies new GRI from Latin America to North America, Mexico, Central America and Caribbean

Hamburg-headquartered box line Hapag-Lloyd has announced a new general rate increase (GRI) from Latin America East Coast ports to North America, Mexico, Central America and the Caribbean.

The GRI will be applicable to both dry and reefer containers and will be effective from 10 April until further notice.

Hapag-Lloyd has decided to add a charge of US$250 per box.

The German company noted that Latin America East Coast includes the ports in Brazil, Argentina, Uruguay and Paraguay and North America...

https://container-news.com/hapag-lloyd-applies-new-gri-from-latin-america-to-north-america-mexico-central-america-and-caribbean/

Hapag-Lloyd teams up with Ankeri Solutions in “transformative” partnership

German shipping company Hapag-Lloyd has entered into a contract partnership with Ankeri Solutions, an innovative software firm specializing in maritime sustainability solutions.

This strategic alliance aims to bolster Hapag-Lloyd’s bold decarbonization agenda by harnessing their longstanding relationship and leveraging Ankeri’s advanced toolset.

In response to the pressing call for eco-friendly shipping practices, Hapag-Lloyd has taken a significant step by choosing Ankeri to deliver a...

https://container-news.com/hapag-lloyd-teams-up-with-ankeri-solutions-in-transformative-partnership/

Hapag-Lloyd increases rates from North Europe and Mediterranean

Hapag-Lloyd has unveiled new ocean tariff rates for shipments from North Europe to destinations including India, Pakistan, the Red Sea, and the Arabian Gulf.

The updated rates will apply for 20’ and 40’ dry containers, as well as high cube equipment. This adjustment will take effect for sailings commencing on 14 March and will remain valid until further notice.

US$ per 20′ dry container

From* To* Current base rate level New base rate level Delta
North EuropeKarachi9001050150
North...

https://container-news.com/hapag-lloyd-increases-rates-from-north-europe-and-mediterranean/

Asian ports eye Gemini Cooperation potential impact

Key Asian ports that have been ostensibly excluded from Gemini Cooperation are monitoring the potential impact once the Maersk-Hapag-Lloyd tie-up starts in 2025.

Taiwan’s main container port, Kaohsiung, is not among the ports listed in Gemini Cooperation’s service line-up, and in a recent interview with local media, Taiwan International Ports Corporation’s Kaohsiung branch’s CEO, Wang Chin-jung, said the port owner is paying close attention to Gemini’s service routes and the future direction of...

https://container-news.com/asian-ports-eye-gemini-cooperation-potential-impact/

Peak in scrubber-installed boxship fleet

The number of scrubber-fitted container ships is now at an all-time high of 36% of the global boxship fleet, due mainly to MSC’s preference for exhaust-cleaning systems, according to Alphaliner’s report.

As of January, there are 10.3 million TEUs of scrubber-installed container ships, up 1.8 million TEUs from a year ago.

MSC accounted for more than 890,000 TEUs in new scrubber-fitted vessels, through an equal combination of newbuildings and second-hand purchases. The Swiss-Italian market leader...

https://container-news.com/peak-in-scrubber-installed-boxship-fleet/

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