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The first week of March in the world of shipping started off with MOL completing 100 percent acquisition of Utoc Corporation, Oracle introducing new logistics management capabilities and DB Schenker & CMA CGM teaming up to offer regular emission-free ocean freight. However, the Russia – Ukraine war has emerged as a major dampener for global trade, raising shipping costs and disrupting manufacturing.
As key players in the South Asia and Southeast Asia geographies, India and Thailand have deep rooted historical, cultural and trade ties. Leveraging its links with Thailand, India can find better access to trade with the $2.3 trillion ASEAN Economic Community market. Read on to know more about the trade potential between the two countries and beyond.
February second week saw ONE adding a new service linking North China and Straits to ZIM enhancing Latin America services, OSRA being introduced in the American Senate, MOL signing a slew of agreements, the Indian government assuring to raise tonnage under its flag and the new SEZ law to be WTO compliant. Read more
Get the latest updates on key trade, shipping and maritime developments from across the world which occurred in the past one week
The shipping and maritime industry has witnessed many heartening developments in the form of deployed vessels capacity remaining impressively high during the four-week period starting from the Chinese New Year, fleet anti-grounding alert software system innovation from a Japanese shipping line, OOCL doubling Q4, 2022 revenues, and French CMA CGM subsidiary Ceva Logistics finding a place in the world of high octane Formula 1 racing through the Italian prancing horse, Ferrari. Read weekly trade updates to know more.
Ocean carrier powerhouses CMA CGM, Maersk, MSC and others awash with cash in the ensuing Coronavirus stricken years are looking up to the sky from the high seas to grab air freight pie as a decent chunk of sea freight is buoying upwards, with shipping line – airline partnerships. Such players when ocean freight capacities are stretched to the limit include CMA CGM – Air France – KLM, Maersk Air Cargo and MSC’s courting of Lufthansa. Read on to know more.
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