Jeremy Nixon, a highly recognized executive in the container shipping industry, is set to step down as CEO of Ocean Network Express (ONE) after an eight-year tenure. His departure marks the end of a s
by CMA CGM and Stonepeak Launch Terminal Joint Venture
French shipping major CMA CGM has announced a new global terminals joint venture, partnering with private equity firm Stonepeak. This strategic collaboration will establish a significant entity poised
by Supply Chains Seek New Paths Amid Geopolitical Strain
Recent years have underscored the profound vulnerability of global shipping to geopolitical instability. Repeated diversions away from the vital Suez Canal serve as a stark reminder of these challenge
by Shipping Majors Take Divergent Paths Through Red Sea
Two of the world’s largest shipping companies, Maersk and CMA CGM, are adopting contrasting strategies regarding their routes through the Red Sea and Suez Canal amidst ongoing regional tensions. Their
by Global Shippers Advised Against Red Sea Return Amid Heightened Regional Risk
The Global Shippers’ Forum (GSF) has issued a significant advisory, cautioning that the security environment in the Red Sea remains too perilous for global shipping. According to the head of the GSF,
by Cargo Surge Masks Shipping Sector’s Financial Strain
The global shipping industry currently navigates a paradoxical situation. While cargo volumes show a notable increase, this rise does not translate into improved financial performance for the sector.