BERLIN, Dec 29 (Reuters) – Hapag-Lloyd (HLAG.DE) will continue to divert its vessels around the Suez Canal for security reasons, a spokesperson for the German container shipper said on Friday, adding a further assessment would be made on Jan. 2. Mitsui O.S.K. Lines (9104.T) and Nippon Yusen (9101.T), Japan’s largest shipping companies, also said their […]
The official Panama Canal transit numbers for November are out — and they’re ugly. November could be the tip of the iceberg. Reservation slots are being slashed further this month and in January. The total number of transits declined 22% in November versus October, according to just-released data from the Panama Canal Authority (ACP). And
Panama Canal transits plunge as larger ships are turned away Read More »
The global shipping industry is constantly evolving, and the COVID-19 pandemic began a marked shift in how container shipping operates. Disruption caused by the pandemic has forced the industry to expand its capacity and reduce costs to remain profitable. At the peak of the pandemic, containers essentially stopped moving. As manufacturers went into lockdown and
Over 100 Container Ships Reroute as US Weighs Red Sea Response Read More »
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