#ocean-freight-expansion
(9 articles)Maersk Orders 26 Boxships Amid Strong Q3 Performance
Maersk has confirmed an order for 26 boxships following strong third quarter financial results. This capital investment reflects confidence in container shipping demand and represents a strategic expa
Maersk and CIMC Wetrans Form China Joint Venture
Maersk, the world's leading container shipping line, has announced a strategic joint venture with CIMC Wetrans, a major Chinese container equipment and logistics operator. This partnership represents
Jet Freight Logistics Triples Ocean Freight Capacity Across Key Trade Corridors
Jet Freight Logistics has announced an ambitious expansion strategy targeting a threefold increase in ocean freight capacity across three critical global trade corridors: US-Europe, US-Asia, and Europ
Jet Freight Logistics to Triple Ocean Freight Capacity
Jet Freight Logistics has announced plans to triple its ocean freight operations across major global trade corridors, representing a significant capacity investment in containerized shipping. This exp
Maersk Expands Shuttle Network Across West Coast Latin America
Maersk is significantly expanding its regional shuttle service model to West Coast Latin America, transitioning from a single-vessel Balboa–Posorja operation into a comprehensive three-vessel network.
CMA CGM Acquires FedEx Logistics Arm for $1.4B
CMA CGM Group, one of the world's leading container shipping operators, has announced a strategic acquisition of FedEx's logistics division for $1.4 billion. This major consolidation move signals a si
CMA CGM Acquires FedEx Supply Chain for $1.4B
CMA CGM, the world's third-largest container shipping line, is acquiring FedEx Supply Chain for $1.4 billion, marking a transformative expansion into comprehensive 3PL services. This strategic acquisi
CMA CGM Acquires FedEx 3PL Business for $1.4B
CMA CGM, a global ocean freight and logistics leader, is acquiring FedEx's third-party logistics (3PL) division in a $1.4 billion transaction. This strategic move represents significant consolidation
Carriers Boost Capacity on East Asia-Australia Route Amid Surge
Major container lines are responding to exceptional demand on the East Asia-Australia trade corridor by deploying additional capacity. The catalyst is a dramatic 30% surge in freight rates within a si