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  • Maersk drops feeder services to 10 Chinese ports
    Feeder services from second- and third-tier Chinese ports have become more important with the arrival of the megaships Maersk Line will end feeder services to 10 ports in China from Sept. 1 as the carrier adjusts its inland river connections.A statement from Maersk Line said the China port cuts should not be interpreted as change of strategy, and were a normal adjustment of intermodal services the carrier provided.

  • Hapag-Lloyd posts US$158.3 million net loss as revenue sinks 18.9pc
    GERMAN shipping giant Hapag-Lloyd has posted a first half net loss of EUR142.1 million (US$158.3 million) based on revenues of EUR3.7 billion, which fell 18.9 per cent year on year. This contrasts with last year's net profit of EUR157.2 million. "The first-half result is disappointing," said Hapag-Lloyd CEO Rolf Habben Jansen. 
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