#Freight Forwarding
MSC continues container ship order rally with new major order
The Swiss container shipping giant MSC continues its strong order streak, placing a new massive order for newbuild container ships. According to Alphaliner, MSC h...
Shipping giant Maersk expects strong demand and ‘another year of disruption’ for global trade in 2025
The past year has been a strong one for North American import trade demand, and that should continue for both ocean and air cargo into 2025, according to shipping gi...
ZIM Integrated Shipping: Red Sea Disruption Is Here To Stay, Over 100% Upside Potential
Investment Thesis ZIM Integrated Shipping Services Ltd. has re-emerged as a formidable cash machine, with the potential to generate $24 in earnings per share (EPS)...
Global Freight Rises But Shows Signs of Weakness in U.S.
LONDON, June 26 (Reuters) – Global manufacturing activity and freight are showing signs of a recovery, after a downturn took hold in the second half of 2022 an...
‘It’s all happening again.’ The supply chain is under strain
STEPHANIE Loomis had hoped that the chaos besieging the global supply chain was subsiding. The floating traffic jams off ports. The multiplying costs of moving freig...
Container Prices Double, Leasing Rates Triple in China
The average container prices in China have reached their highest in two years, at US$3,600 this week for 40 ft high cube cargo-worthy containers in China. These p...
Maersk Charters Newbuild for Record $150,000 Per Day
As liner operators become desperate for ships, charter rates have hit the $150,000/day mark. Maersk Line has agreed to pay this to charter Taiwanese regional carr...
MSC revises equipment charges in Türkiye
Considering the current equipment situation in Türkiye, MSC will revise its Equipment Repositioning Charge (ERC) for all cargo originated from Türkiye to N...
Arctic Shipping Route to See First-Ever Panamax Containership
Russia’s main Arctic shipping route is slated to see its first Panamax container vessel this year. The 4,890-TEU box ship, Flying Fish 1, received a permit to...
Port of Los Angeles Reports Another Busy Month for Cargo Volumes
The Port of Los Angeles reported its ninth consecutive month of year-on-year growth, handling 770,337 container units in April 2024. This marks a 12% increase from t...
French shipping giant expects slump in cargo rates
CMA CGM SA, the world’s third-largest container line, is expecting a decline in ocean freight rates as new vessel deliveries gather pace, boosting capacity tha...
Hapag-Lloyd reports significant decline in Q1 financial results
German container shipping company Hapag-Lloyd concluded the first quarter of 2024 with revenues of US$4.6 billion and a Group EBITDA of US$942 million. Additionally,...
ACL, BG Freight Line and Peel Ports launch fastest ever container service between Ireland and North America
Shipping company ACL has announced a new container service, in partnership with BG Freight Line and Peel Ports Group, connecting Ireland and North America via a UK o...
Hapag-Lloyd Raises Lower End of Outlook on Strong Shipping Demand
FRANKFURT, May 15 (Reuters) – German container firm Hapag-Lloyd on Wednesday raised the lower end of its 2024 outlook amid rising demand and freight rates, but...
Maersk opens new Cross Dock facility in Europe
A.P. Moller – Maersk has inaugurated a specialized Cross Dock warehouse in Rotterdam on its Maasvlakte II terminal. Maersk expects the warehouse to accelera...
01 September 2024
Container Prices Double, Leasing Rates Triple in China
04 September 2024
Maersk sets new bar with shipping’s first climate target validation
06 September 2024
Port of Los Angeles Reports Another Busy Month for Cargo Volumes
13 September 2024
Intermodal container
08 September 2024