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Gard acquires Alm. Brand's energy and marine activities
The Norwegian insurance company is paying USD 231m for the acquisition.
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Packed container ships trigger surge in air freight demand
Global demand for air freight has increased by 14% since last year, according to DHL Global Forwarding.
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Record influx of container ships this year will not cause trouble until 2025
The number of container ships is growing at record speed, but will not cause serious overcapacity until 2025, according to Bimco.
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Shipbroker BRS appoints Gilbert Walter as chairman
While Francois Cadiou steps down from the role he has held for four years, he remains a newbuilding broker in Paris for the company
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Spot prices for container freight continue to rise
This marks the 12th consecutive week that spot prices for containerized freight are increasing.
IMO's fossil fuel ban in the Arctic faces criticism
On July 1, the use and transportation of heavy bunker oil by ships in the Arctic will be banned. A climate organization now accuses the ban of being full of loopholes.
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Cosco and CMA CGM expect further pressure on major European ports
French CMA CGM is expanding capacity on the Asia-Europe route to ease peak season congestion over the summer.
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Further reading
