Evergreen Marine acquired and developed the property through two new subsidiaries of its subsidiary, Evergreen Marine Asia, with a total investment of $153 million.

Craig Fuller, CEO of FreightWaves, and Zach Strickland, director of Freight market Intelligence at SONAR, said the future of the freight market looks more certain than it has in years.

Global air cargo demand showed no signs of slowing in November, with cargo volumes Posting 13 consecutive months of double-digit growth and load factors at their highest level since April 2022.

Political and labor tensions kept container rates to the United States strong at the end of November during the slow season after the peak shipping season.

Sea freight rates from Asia to Europe and the Mediterranean have risen significantly, possibly due to a surge in demand ahead of the Lunar New Year.

Israel struck Syria's key port city of Latakia, where explosions and fires were reported at both the container terminal and the military port, advising ships to stay away from Syrian territorial waters.

The Gemenon partnership will fundamentally change Hapag-Lloyd's business, with the goal of achieving an on-time performance rate of nearly 90%, well above the industry average of 51.5% in October 2024.

Syrian security sources said the strike took place on Monday and targeted air defense facilities near the container port of Latakia on the Mediterranean coast, damaging warships and warehouses.

With the general decline in the shipping sector, and weakness in tanker stocks in particular, many investors' returns have failed to meet expectations during the year, and analysts at Clarkson Securities believe January could be the month for a rever

Adani is preparing to invest $2 billion through its Ports subsidiary Adani Ports& Special Economic Zones Ltd to acquire European terminals.