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Offshore Energy reports: German container shipping company Hapag-Lloyd has decided to acquire the container liner business of compatriot carrier Deutsche Afrika-Linien (DAL). The duo signed a framework agreement on 10 March 2022. With a history dating back to the year 1890, DAL is an established liner shipping company for the transportation of containerised cargo...


The US Federal Maritime Commission’s investigation into carrier detention & demurrage (D&D) charges could be supercharged following a complaint by specialist drayage firm Orange Avenue Express (OAE), in what could become an industry test case. Lori Fellmer, second vice-chairman of the National Industrial Transportation League (NITL) and VP of logistics and carrier...


Ocean carriers face ‘Hobson’s choice’ on the containership charter market: agreeing to owners’ hugely inflated daily hire rates or risking losing the vessel to a competitor. Hapag-Lloyd has just agreed a three-month charter commencing in January of the 4,253 teu Synergy Oakland for an eye-watering $130,000 a day from Greek non-operating owner...


There are reports of “sharp increases” in Asia-Europe container spot rates this week, as the fallout from the week-long Suez Canal blockage restricts both vessel and equipment capacity in Asia. Today’s Ningbo Containerized Freight Index (NCFI) North Europe and Mediterranean component jumped by 8.7%, almost matching the 8.6% increase on the Shanghai...


PRESS RELEASE  – Acquisition significantly strengthens Hapag-Lloyd´s position in the African market – Customers to benefit from an even denser network Today, Hapag-Lloyd and NileDutch have signed a sale and purchase agreement where Hapag-Lloyd acquires all shares of the Dutch container shipping company Nile Dutch Investments B.V. (NileDutch). With over 40 years of expertise,...


Shipping lines have begun suspending cargo bookings into Myanmar. A nationwide general strike took place yesterday, with hundreds of thousands on the streets protesting against the military power-grab on 1 February. “The situation is becoming more and more tense,” according to Hapag-Lloyd. “Operationally, the terminals in Myanmar are close to full capacity, and feeder services,...


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