Transnet’s straddle carriers continue to face frequent breakdowns, impacting operations across South Africa’s ports. According to the latest Cargo Movement Update from the South African Association of Freight Forwarders (Saaff) and Business Unity South Africa (Busa), container throughput saw a slight improvement, rising from a daily average of 10,691 TEUsContinue Reading
Germany’s leading container shipping company, Hapag-Lloyd, has announced its acquisition of the ship management firm Hamburger Lloyd, marking a pivotal development in the maritime sector. Both companies, based in Hamburg, share a long-standing partnership; before the acquisition, Hamburger Lloyd managed 29 vessels for Hapag-Lloyd. Founded in 2007, Hamburger Lloyd initiallyContinue Reading
As significant excess capacity continues to flood the shipping market, with more expected next year, the key question facing analysts is when the market will finally reach a balance. According to the CEO of maritime consultancy Sea-Intelligence, the most optimistic scenario involves a 3.8% year-on-year growth in container volume startingContinue Reading
