CONTAINER SHIPPING LINES PUSH FOR RATES INCREASE AS CAPACITY BEGINS TO TIGHTEN

Asia-North Europe ocean carriers are looking to hike container shipping rates by up to $500 per teu from 1 July, as space availability begins to tighten with the start of the peak season.

Carriers appear to be adopting a “shock and awe” tactic of a substantial FAK increase rather than gradual smaller rises, knowing they may not get a better opportunity before demand weakens again as the peak season fizzles out.

One carrier source told The Loadstar's Mike Wackett this week it had decided to “make a statement” with a significant increase.

“We know we will not get the full amount, but even if we had asked for $200 we wouldn’t get that either, so we have nothing to lose and more to gain,” he argued. The FAK announcements come as container spot rates continued to soften across all major trades this week.

The Shanghai Containerized Freight Index (SCFI) fell 3.4% this week to 751, more than 9% down on a year ago. The North Europe component declined 3.2% on the week, to $834 per teu, as carriers postponed emergency bunker surcharges (EBS) amid fears of conceding market share to rivals. On the more robust Mediterranean trade, spot rates edged down by a smaller 1.1%, to $905 per teu.

But transpacific carriers suffered another disappointing week with spot rates losing more ground.

Rates from Asia to the US west coast tumbled 5.7% to $1,194 per feu, and for east coast ports there was a decline of 2.5% on the week, to $2,181 per feu. After a 6.8% fall the previous week, rates to the US west coast are now at levels that are hurting carriers serving the route. The container lines had been obliged to cancel planned 15 June GRIs due to a dip in vessel utilisation levels, and this week saw the first reaction from the carriers: MSC announced it was to terminate its New Eagle service, jointly operated with 2M partner Maersk Line (TP1) early next month.

The weekly loop, with a rotation of Kaohsiung-Yantian-Xiamen-Shanghai-Busan-Vancouver-Seattle and then back to Asia, deploys six panamax vessels, four operated by MSC and two by Maersk.

MSC said it was “as a result of the challenging operating environment for business on the transpacific trade”.

It offered a “contingency plan” for the transfer of forward bookings onto other loops, which it said, it hoped would give “limited disruption” to shippers.

And, in addition to the current demand-supply imbalance, transpacific carriers face further problems from the fallout of the escalating trade war between the US and China. Alphaliner estimated this week that the punitive tariffs being imposed by both nations could wipe out around 7% of transpacific volumes from next month.

AFRICAN SHIPPING LINE OPERATIONS

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https://www.africanshippingline.ae

SHIP AGENCY - CONTAINER - PORT OPERATION- TRANSIT LOGISTICS

SHIPPING CONTAINERS, BREAK BULK FROM THE FOLLOWING PORTS: 

1. Dubai (UAE)
2. Jeedah (KSA)
3. Mogadishu (SOMALIA)
4. Djibouti 
5. China Ports
6. Karachi (PAKISTAN)
7. Mumbai (INDIA)

And other African Ports in West Africa. For Transportation of the Containers from Either Mombasa or Dar Es Salaam to Inland African Cities and Towns including : Nairobi, Kampala (Uganda), Kigali (Rwanda), Bunia, Kolwezi, Butembo(RDC Congo), Beni, Kisangani(RDC Congo), Bukavu, Likasi, Lubumbashi (RDC Congo), Bujumbura (Burundi), Mzuzu, Goma... Blantyre, Lilongwe (Malawi) , 

Please send a direct email to either: 

Ship Agency/Container Enquiries: africanshippingdubai@gmail.com 

For Somalia Air Shipment/ Container Transportation: asline.somalia@gmail.com
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USED CONTAINERS FOR SALE : MOMBASA, NAIROBI IN KENYA AND KAMPALA, UGANDA

AFRICAN SHIPPING LINE - Port Logistics once again have Shipping Containers ready for quick sale, which are in Good Sea Worthy condition, in Nairobi, Mombasa in Kenya and Kampala Uganda

OVER 200 CONTAINER UNITS AVAILABLE in any one Shipment. All Rates are Negotiable and Clients are advised to Get a Receipt along with Certificates and CW Plates

Please Speak/Whatsapp Mr. Ibraheem on +254726722226/ + 97156 953 8569 Email: asline@africanshippingline.ae  or africanshippingdubai@gmail.com Website: www.africanshippingline.com 

N/B: Good discount given for bulk buyers and commissions given for referrals;

Total Price in Mombasa, Kenya : 

20ft = $1600       
40ft =$2600

Used Containers 20ft and 40ft in Kenya, Mombasa and Nairobi and Kampala, Uganda

Total Prices in Nairobi 

20ft = $1800
40ft = $2800 (Without Transport)

Inside the Used Containers for Sale in Kenya

Total Prices in Kampala 

20ft = $2000
40ft = $3200 (Without Transport)

Reefer Containers for Sale in Mombasa, Nairobi, Kenya

Reefers

Total Price in Mombasa

20ft = $7200
40ft = $9200 (Without Transport)

N/B: Good discount given for bulk buyers and commissions given for referrals;

Used Containers for Sale in Uganda, Kampala

Viewing and reserving a container/s with us is important. Our Depot Managers recommend earlier appointments for viewing and actual sale.

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Terms of payment 
Bank to Bank Transfers with RTGS copy as proof of payment, and you get release order on confirmation of payment, Cheques accepted, but release Order issued upon funds receipt confirmation.

NB; 
All units, are Ex EU, legally owned, some with valid CSC plates and can be used for export, and sold with Inter-change, and all relevant documents, including, Invoice, receipt, and Condition Report, and we will undertake minor repairs, paint and Cleaning if required, and have sold over 2500 without a problem.

We also offer, leasing, storage units, and transport at very discounted rate, and Container modification, to accommodation units, shops,

Toilets & washrooms, living quarters, according to customer demand (Transport empty containers @ Ksh 50K -Mombasa – Nairobi per truckload)

Email: asline@africanshippingline.ae or africanshippingdubai@gmail.com 

THE LAUNCH OF AFRICAN SHIP OWNERS ASSOCIATION IN SYCHELLES

The President of the Republic of Seychelles, Mr Danny Faure, officially launched the first African Shipowners Association Summit 2018 during an official opening ceremony held at the Savoy Resort this morning.

The 2018 African Shipowners Association Summit is being held from 23 to 25 April 2018, and is hosted for the first time in Seychelles by the Seychelles Petroleum Company Limited (SEYPEC) in collaboration with the African Association of Shipowners, Department of Foreign Affairs and the African Union Commission under the guided theme “Promoting African Ownership and Participation in African’s Shipping and Maritime Sectors.”

During his address to officially declare the summit open, President Faure highlighted the importance of such an event and for the African continent to seize the rich opportunities that the maritime sector offers, particularly in terms of sea trade. He also said that the event is an occasion to focus on the promotion of African ownership and participation in shipping and maritime sectors.

“The African continent is the second biggest continent in the world, with a total coastline of over 26,000 nautical miles, including its islands. 38 out of 54 countries on the continent are either coastal or island states. International trade is a vital economic activity to many African countries, of which over 90% is conducted by sea.  Yet, it is estimated that African owned ships account for only about 1.2% of the world shipping by number and 0.9% by gross tonnage. This illustrates significant room for improvement and growth on the current overall outlook in this important sector for our economies,” said President Faure.

President Faure also emphasised that the summit provides an ideal platform for interaction, information sharing, and exploration of ideas on how the African shipping and maritime sectors can be developed further to achieve a higher yield for the continent.

“As the Host of this Summit, Seychelles, despite being a small island state, has much to share with our African counterparts. The geographical setup of our islands is made up of only 450 square kilometres of land but an Economic Exclusive Zone of 1.5 million square kilometres.  This has compelled us to venture towards the sea in developing Seychelles into the High-Income Country that it is today. During this two day summit, it is expected that we learn from each other and leave with additional knowledge, insight, and inspiration on how we can capitalise on the opportunities that exist within the maritime industry in Africa and beyond, for the benefits of the African continent and its people,” said President Faure

During the ceremony the President also announced the allocation of land in Seychelles for the construction of a Pan African Shipping Line Head Office as a centre for all shipowners in Africa, which will act as a hub for all activities related to the shipping and maritime sectors.

The two day summit includes the participation of representatives of African Shipowners Association, African Union, Shipowners, representative of Ports, Government officials and other relevant African maritime authorities who will take part in the working sessions and discussions.

Also present for the ceremony this morning was the Vice President of Seychelles, Mr Vincent Meriton, the Secretary of State for Foreign Affairs, Ambassador Barry Faure, the Minister for Tourism, Civil Aviation, Ports and Marine, Ambassador Maurice Loustau-Lalanne, Ministers, AU Commissioners, the Secretary General of the African Shipowners Association (ASA), Ms Funmi Folorunso, the Chief Executive Officer of the Seychelles Petroleum Company (SEYPEC), Mr Conrad Benoiton, Principal Secretaries, Summit delegates and other distinguished guests

MOMBASA PORT NOW SEES BRIGHT FUTURE AS LARGEST CONTAINER SHIP SAILS

One of the world's largest cargo ships sailed into Mombasa on Monday, signalling that the port's expansion was paying off. Residents lined the Likoni ferry crossing to watch the massive MV MSC Portugal sail up the channel into Kilindini Harbour.

According to Kenya Ports Authority (KPA), the safe navigation into the channel by the ship carrying 6,000 twenty-foot containers indicated the port had finally become a world-class facility.

The vessel, with a length equivalent to three football fields, is the longest container ship to call at the port. It was piloted into the harbour by the port's Operations General Manager William Ruto. The 74,962-tonne ship sails at 24.6 metres depth, displacing 14.518 metres of water in its wake.

It carries 3,105 twenty-foot containers in its cargo space and another 3,550 on the deck. "This vessel is not just an ordinary container ship owing to its size, she can only call at big ports like Reunion and Mauritius in the region, not smaller ones,” said Captain Ruto. He spoke shortly after disembarking from the vessel he navigated in a record one-and-a-half hours from the entrance of the channel. Visiting ships sailing up the Kilindini channel are usually navigated by local pilots to ensure maximum safety of the vessels and their cargo.

Flying the Liberian flag, the ship was expected to offload 1,000 containers and load a similar quantity. Until the completion of a dredging project to minus-15 metres, the channel was restricted to vessels with a maximum depth of 11 metres. The port is now capable of handling third and fourth generation vessels with capacities ranging between 4,500 and 6,000 twenty-foot containers. Other large ships that have called at the port in the recent past include MV Ever Delight and Ital Mattina, with an overall length of 264 metres. Others are MV MSC Tia - of 261 metres - and MV Jolly Quarzo, with a length of 240 metres. The vessels' maiden calls marked a major achievement in the Government’s port expansion programme. Meanwhile, nine container ships docked at the container terminals recording a ship average working time of 3.31 days in the week that ended on April 25.

The vessels discharged a total of 10,391 twenty-foot containers and loaded another 10,246 twenty-foot containers as import container dwell time registered 4.98 days. Import containers declined by 4,647 while exports recorded a decline of 985. The delivery of containers through the Standard Gauge Railway (SGR) recorded 2,898 twenty-foot containers while road transport evacuated 8,579. During the week under review, the total container yard population recorded 19,013 twenty-foot containers. These comprised 7,037 twenty-foot containers awaiting pick-up order, 3,281 ready for collection, 1,750 full exports and 2,023 trans-shipments. Others included 3,962 Twenty Foot Equivalent Units (TEUs) empties and 960 TEUs at the customs warehouse. Local imports registered 4,074 twenty-foot containers while transit-bound containers recorded 3,991. Uganda-bound cargo recorded 3,033 TEUs to retain her leading position in the transit market segment. Other transit countries are Tanzania that registered 379 TEUs, South Sudan with 213 TEUs, Democratic Republic of Congo with 169 TEUs, Rwanda with 146 TEUs, and Somalia and Burundi, which recorded 29 TEUs and 12 TEUs respectively.



The weekly performance at the conventional cargo terminal revealed that 14 general cargo ships docked and discharged 167,721 metric tonnes. A total of 26,849 metric tonnes were loaded for export. Cargo delivered by road transport recorded 104,387 metric tonnes while the conveyor belt evacuated 63,334 metric tonnes. Wheat emerged the leading import commodity registering 63,334 metric tonnes, followed by 62,400 metric tonnes of clinker and 21,000 metric tonnes of illuminate exports.

Other commodities handled in large quantities included 18,812 metric tonnes of fertiliser and 4,894 metric tonnes of sorghum. Motorcar carriers discharged 256 units of cars and 70 trucks. A forecast for the next two weeks indicates that 21 general cargo vessels are expected to discharge 327,562 metric tonnes and load another 2,492 metric tonnes. The container terminals are expected to received 13 ships to discharge 7,247 TEUs and load 7,095 TEUs.

PIL KENYA STARTS TO USE SGR

The Kenya Railways (KR) on Friday got a boost after another shipping line committed to transport cargo from Mombasa Port to the Inland Container Deport (ICD) in Nairobi through the standard gauge railway (SGR).

PIL (Kenya) Ltd on Friday flagged off a full block of freight trains to Nairobi after signing an agreement with KR at the port.

The signing of the agreement and the commencement of transportation of cargo by the shipping line is expected to boost SGR freight services.The train loaded with 180 containers left Mombasa Port at 4pm for ICD in Nairobi.

TEMA PORT : WEST AFRICA GAINING MOMENTUM

Anthony Firmin, chief operating officer at Hapag-Lloyd, said:  "Our West Africa Express (WAX) service from and to West Africa has been operating with extraordinary success for several years and is very well received by customers.

"With our new East Africa Service (EAS), connecting Saudi Arabia with Kenya and Tanzania, we have entered another new trade. As a result, we are tying Africa even more closely to our global network while benefitting at the same time from positive economic developments in large parts of Africa," he added.

Hapag- Lloyd said the GDP of West Africa has grown significantly in the last two years, rising by an average of 6 percent annually, with Ghana among the fastest growing economies in the region. Growth has been driven primarily by the trade in gold but also in oil and gas products.

Ghana is gradually becoming a trans-shipment hub in West Africa following expansion works carried out at the Tema Port, Mr Anthony Firmin, the Chief Operating Officer of Hapag Llyod, a German shipping Line, has said.

“The growth of Tema Port will further reinforce the role of Ghana as a hub for West Africa.”

At a Press Conference to announce the official opening of its new offices located in Tema, Mr Firmin recounted that Ghana’s economy was strongly growing. He noted that his company chose Ghana because the country was not only politically and legally stable, but was business friendly, making many multinationals in West Africa to set up their regional offices here.

Mr Firmin said Ghana’s strong regional setting also offered a springboard into Africa and access to market of 350 million inhabitants.He said his organisation for the past three years had offered expertise and support in the exportation and importation of perishable items such as yam, fruits and fish to Europe and across the globe. Mr Firmin was also pleased that the company’s enhanced presence in West Africa was showing signs of success.

“Our West African Express (WAX) service to and from West Africa has been operating with extraordinary success for several years and is very well received by customers.

“With our new East Africa Service (EAS), connecting all major trades globally via our hub in Saudi Arabia with Kenya and Tanzania, we have entered another new trade.

“As a result, we are tying Africa even more closely to our global network while benefiting at the same time from positive economic development in large parts of Africa,” he said.

He said Ghana was among the fastest growing economies in the Region, adding that her growth was primarily driven by the trade in gold, oil and gas products. Mr Firmin said Ghana’s ports handling capacity was likely to triple by mid-2019, from one million to three million Twenty Equivalent Unit (TEU).

“Hapag-Llyod is expecting additional growth opportunities from this capacity expansion,” he added.

Hapag Llyod is one of the world’s leading shipping lines with a fleet of 219 modern container ships and total transport capacity of 1.6 million TEU. It has about 12,500 employees with over 380 offices in 125 countries.

COSCO TAKE OVER OF OOCL COMPLETE BY END- JUNE: VICE CHAIRMAN

SHANGHAI (Reuters) - COSCO Shipping’s (601919.SS) planned acquisition of Orient Overseas Container Line (OOCL) is on track to be completed by the end of June, the company’s vice chairman Huang Xiaowen said on Tuesday.

COSCO is still answering questions from the Committee on Foreign Investment in the United States on the deal, and is also awaiting a number of domestic approvals, Huang told a press conference in Shanghai.

He said the deal needed U.S. approval as OOCL had some assets in that country. “Up to now we are quite confident to push forward this acquisition ... it’s progressing normally,” he said.

COSCO last year offered to buy Orient Overseas International Ltd (OOIL) (0316.HK) in a $6.3 billion deal that will see the Chinese shipping giant become the world’s third-largest container shipping line. OOCL is the main subsidiary of OOIL. The company said in July last year that the transaction would be completed by June 30 and the deal had already received approvals from European and United States anti-monopoly regulators.

The proposed deal is the latest in a wave of mergers and acquisitions in global container shipping that has left the top six shipping lines controlling 63 percent of the market and comes at a time when the industry is experiencing recovery after a lengthy downturn.

COSCO said last week it expected further growth in container shipping demand thanks to a continued recovery in global trade, after reporting that it had swung to a net profit of 2.7 billion yuan ($429.42 million) for 2017. Huang said the company was also keeping a close eye on rising trade tensions between China and the United States, trade between which currently contributes to about 15 percent of its cargo volumes.

Wang Haimin, COSCO’s general manager, said there was currently little evidence that the tensions were affecting cargo volumes but noted that the company had reduced its U.S. capacity slightly over the past few years as part of its restructuring.

“We will take appropriate action to protect our company’s market as well as the rights and interests of our customers,” Huang said.

NOTICE: KENYA'S NAIROBI ICD

DJIBOUTI PLANS NEW CONTAINER TERMINAL TO BOLSTER TRANSPORT HUB ASPIRATIONS

Djibouti is in talks with French shipping company CMA CGM to develop a new container terminal at an initial cost of $660 million as part of the tiny African country’s bid to expand into a sea and air transport hub for the continent.

Aboubakar Omar Hadi, chairman of the Djibouti Ports and Free Zone Authority (DPFZA), told Reuters on Tuesday that the authority hopes to award the concession in July. It was also prepared to buy out DP World’s stake in an existing container terminal to end a row with the Dubai port operator and avoid arbitration, he said.

Djibouti’s strategic location has led the United States, China, Japan and former colonial power France to build military bases there.Its ports already serve as an entry point for cargo which is then sent by smaller vessels to ports along Africa’s eastern coast, but it is now seeking to become a sea-air trans-shipment hub for the entire continent.

To do this, Hadi said DPFZA was also planning to construct a $350 million airport and expand Air Djibouti’s fleet of cargo aircraft. The new container terminal project could break ground as early as September with construction expected to take 24 months, Hadi said, speaking on the sidelines of the Africa CEO Forum in Abidjan, Ivory Coast.

“We are going to build DICT, Doraleh International Container Terminal. This is a new plan,” he said. “We are in discussions with CMA CGM.”

The port authority was not in talks with any other potential partners, he said. Shipping group CMA CGM declined to comment. Once operational, Hadi said the port terminal would boast an annual capacity of 2.4 million twenty-foot equivalent units (TEU), but subsequent expansion phases would bring that up to 4 million TEUs. Fifteen percent of the project’s cost will be financed through equity. Of that, the DPFZA will contribute 85 percent, with its concession partner providing 15 percent. The rest will be raised via international institutions and banks.

“We are targeting trans-shipment,” Hadi said.

Meanwhile, Hadi said the port authority was ready to end a dispute with DP World over its cancellation of a concession contract for another facility, the Doraleh Container Terminal, by buying out DP World’s 33 percent stake. Djibouti ended the contract with the Dubai state-owned port operator last month, citing a failure to resolve a dispute that began in 2012.

DP World has called the move illegal and said it had begun proceedings before the London Court of International Arbitration, which last year cleared the company of all charges of misconduct over the concession.

“We are prepared to pay them their 33 percent of shares,” Hadi said. “There is no need for arbitration. We are going to buy their shares.”

STRIPPING OF ZANZIBAR CONTAINERS AT MOMBASA PORT STOPPED

Stripping involves offloading various small consignments from a single container /FILE.

Mombasa, Kenya – The Kenya Revenue Authority (KRA) has banned the stripping of cargo containers at the port of Mombasa before onward conveyance by dhows to various consignees in Zanzibar.

The move is meant to curb sea smuggling where cargo is diverted in the ocean, finding its way into the local EAC market. Stripping involves offloading various small consignments from a single container.

As a result of cargo diversion, the volumes of cooking oil destined to Pemba and Ungunja have surpassed the consumption capacity of the two islands. KRA in December 2017, seized edible oil cleared at Old Port in the godowns of Mombasa, this points towards the diversion emanating from stripping.

Investigations by KRA and Tanzania Revenue Authority (TRA) reveal emerging risks and challenges regarding transshipment cargo stripped at the port of Mombasa. TRA has reported increased cases of smuggling adversely affecting Zanzibar islands of Pemba and Ungunja. Kenya through KRA also affirms prolonged risks posed by stripping of cargo at the Port of Mombasa.

To effect this ban on cargo stripping, no manifest amendments shall be allowed to change the status of goods.

Where cargo is manifested for direct transshipment, the same shall be monitored and loading done under customs supervision. Containers with cargo destined for Zanzibar will be re-directed to ports closer to the destination such as Dar es Salaam, Tanga or Zanzibar itself.

KRA will continue to liaise with the Kenya Ports Authority (KPA) to ensure that standard operating procedures and best practices on transshipment are implemented to protect and facilitate legitimate business.

KENYAN GOVERNMENT: MOMBASA PORT - SHIPPING & CARGO CLEARANCE TO BE HARMONIZED

Kenya moves to harmonise cargo clearance at sea port

The government has harmonised offloading and clearance of imported goods at the port of Mombasa to curb delays. Maritime and Shipping Affairs Principal Secretary, Nancy Karigithu, said the State wants to clear obstructions in clearance of cargo and reduce bureaucracy in handling of ships. Public and private sector agencies involved in ship, cargo, crew and passenger clearance are to link up with the Single Window System, she said. 

HAPAG-LLOYD TO CONNECT DUBAI TO EAST AFRICA (EAS)

Hapag-Lloyd connects Middle East and East Africa with weekly service. Hapag-Lloyd is a multinational German-based transportation company. It is composed of a cargo container shipping line, Hapag-Lloyd AG, which in turn owns other subsidiaries such as Hapag-Lloyd Cruises.



Starting April 2018, Hapag-Lloyd will launch a new weekly service between the Saudi Arabian port of Jeddah and the east coast of Africa. With the East Africa Service (EAS), the liner shipping company will be calling at the ports of Mombasa (Kenya) and Dar es Salaam (Tanzania) for the first time. These will be connected to Hapag-Lloyd’s existing global network via the Saudi Arabian port of Jeddah, as the central hub of the region. Hapag-Lloyd will initially deploy four vessels, each with a capacity of 1,200 TEU, in the EAS.

The fast-growing economies of countries in East Africa further inland from Kenya and Tanzania, which lack their own seaports, are also likely to benefit from this new offer, as it will give them improved access to the global market. Via the EAS, Uganda, South Sudan, Rwanda, Burundi, the Democratic Republic of Congo, Malawi and Zambia will gain direct access to markets worldwide.

“With our EAS, we will be entering a trade which our customers have wanted us to serve. In the process, the EAS will benefit from Hapag-Lloyd’s strong presence in the Middle East and connect to our global network,” said Lars Christiansen, senior managing director region the Middle East. By selecting Jeddah as the main transhipment port, Christiansen added, Hapag-Lloyd can offer especially fast transit times significantly below those of its competitors.

 The first sailing in the EAS from Jeddah is planned for early April. The port rotation will be Jeddah – Mombasa – Dar es Salaam – Jeddah. Hapag-Lloyd will operate its East Africa Service in an entirely independent manner, without other shipping companies as partners.

MILAHA ACQUIRES IT'S LARGEST CONTAINER VESSEL : MAJD

Milaha has acquired its largest container vessel to date, Majd, a 3,768 TEU vessel. The 3,768 teu, Majd is set to join the Qatar company in the coming weeks as its containership fleet swells to 17 vessels.

The new vessel will be one of the 17 container vessels that the group operates, and is part of the ongoing expansion of the group’s overall fleet. Milaha currently fully owns and operates a fleet of over 80 vessels, including LNG and product tankers, offshore support vessels, container and bulk vessels, among other vessel categories.


Commenting on the new acquisition, Milaha’s President and CEO Mr. Abdulrahman Essa Al-Mannai said: “We are pleased to add Majd to our growing fleet in the few coming weeks. The new vessel is part of our strategy to optimize our container shipping network with larger tonnage to meet increasing customer demand for capacity and cost efficiency in a highly competitive market. Majd will be phased into our existing network and will gradually replace smaller tonnage.”

​Majd was built by STX Shipbuilding Co. Ltd. in South Korea, and has a length overall (LOA) of 246.87 m and a deadweight of 44,985 metric tonnes.As it continues the expansion of its boxshipping services Milaha has acquired its largest container vessel to date.

Milaha has undertaken a major expansion of its container shipping services after Qatar came under sanctions from the UAE, Saudi Arabia, Bahrain and Egypt last year.