LBCT up for sale

This decision is in response to the need to adapt to a new normality, driven by the necessity to circumnavigate Africa.

There was a necessity to develop a service that enables long-term ocean transportation utilising refrigerated storage technology with minimal quality loss.

Chief Executive Officers of COSCO, CMA CGM, Evergreen, and OOCL have signed a Memorandum of Understanding to extend the OCEAN Alliance until 2032.

The Ocean Alliance with its 40 services across the main east-west network would dominate in all trade lanes apart from the transatlantic.

OOCl, which is part of China’s Cosco Shipping Group, is the first major carrier to announce its Q4 2023 trading results and they do not make happy reading. But they probably reflect the immense challenges the liner industry currently faces.

The port of Los Angeles’ (LA) trading performance in the second-half of the year continues to improve with the month of October being the third in succession that the port has handled more containers than in the corresponding period of 2022.