CMA CGM cuts APL link, renews Far East-Red Sea Rex2 with Hanjin, Yang Ming

MARSEILLE's CMA CGM, the world's third largest shipping line, has announced the re-launch of its old service, with new partners, Hanjin and Yang Ming, from the Far East to the Red Sea ports starting July 22. The Rex 2 will replace the Rex 1 service, which has been operated...

EVERGREEN optimistic about box SHIPPING MARKET prospects in third quarter

VICE Chairman of Evergreen Bronson Hsieh says he is positive about the container shipping market in the third quarter as carriers have increased rates, kept his books balanced and even made a little profit despite weak US and European economies, Xinhua reports. Mr Hsieh...