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MSC prepares for demand from Asia to resume as COVID-19 crisis continues
As part of its ongoing response to the impact of COVID-19, MSC Mediterranean Shipping Company, has developed a Suspension of Transit (SOT) container shipping program to prepare for a recovery in demand for freight services once the impact of the…
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‘Extraordinary uncertainty surrounds 2020’: Hapag-Lloyd
Hamburg, Germany — The effects of the COVID-19 crisis on global container traffic in the coming months are expected to be significant, according to Hapag-Lloyd’s CEO “So far, the crisis has had only limited impact on our business, but we…
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Shippers applaud continuation of EU exemption for container vessel-sharing
Brussels, Belgium – The European Commission published a final regulation extending the EU Consortia Block Exemption Regulation (BER) until 25 April 2024, without modification. This regulation provides a “safe harbour” under European competition law for vessel sharing arrangements that have…
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COVID-19 taking toll on container shipping lines
The uncertainty around the impact of the COVID-19 pandemic has two of the world’s largest container shipping companies—AP Moller-Maersk and Hapag-Lloyd—lowering expectation for 2020. Releasing a Q1 trading update Maersk said that while operations continued to run as normal due…
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Standard Chartered joins TradeLens blockchain platform
Singapore — Standard Chartered Bank became the first financial institution to join TradeLens, a blockchain-enabled digital container logistics platform, jointly developed by A.P. Moller-Maersk and IBM. In joining TradeLens, Standard Chartered Bank will be able to instantly validate the authenticity of…
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DCSA publishes best practices guide for cyber security
Amsterdam, The Netherlands — The Digital Container Shipping Association (DCSA) announced that in conjunction with its nine member carriers, it has published the DCSA cyber security implementation guide to facilitate vessel readiness for the IMO (International Maritime Organization) Resolution MSC.428(98) on Maritime…
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World’s top shipper expects virus outbreak to hurt earnings
Copenhagen, Denmark — The world’s largest shipping company, Denmark’s A.P. Moller-Maersk, said it expects the outbreak of the new coronavirus in China to hurt its 2020 earnings. The company said in its annual earnings report that the 2020 outlook “is subject to…
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Hapag-Lloyd launches remote reefer supply chain monitoring tool
Hamburg, Germany — Container shipping company Hapag-Lloyd is adding near real-time monitoring of its reefer containers to their product portfolio. “Hapag-Lloyd LIVE” increases the transparency of the cold chain by offering customers a number of data sets about the condition…
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New tech platform compliant with DCSA standards
Austin, TX — INTTRA by E2open (INTTRA announced that its technology platform is wholly compliant with the new Digital Container Shipping Association (DCSA) Interface Standard for Track and Trace 1.0, published last week by the DCSA. The new standard is the first in…
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DCSA promotes open data standards for container shipping industry
Amsterdam, The Netherlands — The Digital Container Shipping Association (DCSA) announced that in conjunction with its nine member carriers, it has published a common set of processes, as well as data and interface standards for Track and Trace (T&T). The…
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THE Alliance unveils expanded service network for 2020
Hamburg, Germany – The members of THE Alliance, Hapag-Lloyd, Ocean Network Express, and Yang Ming are happy to welcome Hyundai Merchant Marine as a new core member of THE Alliance. With the FMC acceptance of HMM membership, THE Alliance offers an…
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Ocean Alliance announces new offering for shippers
The Ocean Alliance partners have presented their new service offering which would see the shipping majors deploy a total of 325 containerships. French container shipping giant CMA CGM signed with its Asian counterparts COSCO Shipping, Evergreen and OOCL the launch…