Record-breaking reefer order from Hapag-Lloyd

Hapag-Lloyd has contracted Chinese shipyards to build 24 new container ships, with a total capacity of 312,000 TEU, for US$ 4b, to be delivered by 2029.

Hapag-Lloyd has raised its earnings outlook for 2024, driven by stronger-than-expected demand and improved freight rates despite rising operational costs.

In July 2024, APM Terminals Maasvlakte II achieved a record 153,116 container movements in a month, with berth performance peaking at an average of 157.8 PMPH.

Maersk and Hapag-Lloyd have opted to launch their Gemini Cooperation via the Cape of Good Hope in February 2025, bypassing the Suez Canal due to Red Sea security concerns.

Damietta Alliance Container Terminals welcomes arrival of first 10 electrified RTG cranes.

With a potential strike by the International Longshoremen’s Association (ILA) approaching, industry stakeholders are implementing contingency plans.