#ICS
Wait for airfreight recovery could extend deep into 2024
Air logistics companies are grudgingly writing off the traditional peak season as weak macroeconomic conditions drag out the freight downturn longer than expected. L...
Port of Los Angeles Cargo Volumes Fall 27% in July
The Port of Los Angeles moved 684,291 Twenty-Foot Equivalent Units (TEUs) in July as cargo volumes declined 27% compared to last year’s record month. &ldquo...
Hong Kong International cargo volumes continue to recover
Hong Kong International Airport saw its cargo volumes continue to grow in July as it registered a year-on-year improvement for the second month in a row. The airp...
Mid-Sized Ocean Carriers Navigate Troubled Waters Amid Profit Plunge
Mid-sized ocean carriers are losing money and the outlook is particularly bleak for the smaller lines, obliging them to consider radical network restructuring. Ya...
MSC withdraws from acquisition of Livorno’s container terminal
Swiss/Italian shipping company MSC has decided to withdraw its interest in buying Terminal Darsena Toscane (TDT) at the port of Livorno in Italy. Obstacles from c...
More Blanked Sailings and Rate Increases for Transatlantic Shipping
Container spot rates on the transatlantic came under renewed pressure this week, obliging ocean carriers to cut supply on the route by blanking more sailings. Mor...
Qatar buys into Rotterdam port
The reshuffle of operators at Europe’s largest port continues apace with Qatar coming onboard. QTerminals Group and Qatar Navigation have acquired a m...
Amid record-low Transatlantic trade rates, shippers must seize opportunities before market rebounds: Xeneta
Spot rates on the Transatlantic front haul trade from North Europe to the US East Coast (USEC) are plummeting rapidly. According to Xeneta's platform data, the m...
Container shipping market far from disaster territory: OOCL
Hong Kong-listed Orient Overseas International (OOIL), parent of OOCL, reported a profit attributable to equity holders of $1.13 billion for the first half of 2023 c...
COSCO Shipping takes delivery of methanol-ready multi-purpose ship
The methanol-ready ship was built by Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS) shipyard. The Green Kotka is designed to navigate polar regions efficient...
World’s 1st green methanol-powered containership docks in Egypt
Maersk also shared footage of the vessel transiting the Suez Canal, the world’s fastest maritime crossing. The 2,100 TEU feeder was built by South Korea&rsq...
Focus: Air travel boom creates crosswinds for air cargo
Air cargo enjoyed record demand when COVID-19 closed borders and snarled supply chains. Now, it is reeling from overcapacity and tumbling freight rates as the freigh...
Dubai’s DP World Flags Uncertain Trade Outlook
DUBAI, Aug 17 (Reuters) – Dubai’s state-owned ports giant DP World said on Thursday its first-half profit fell nearly 10% from a year earl...
CMA CGM, Maersk add Brazilian port to Med – East Coast South America service
Maersk and CMA CGM have decided to extend the coverage of their Bossa Nova/SIRIUS service, connecting the Mediterranean to the East Coast of South America, adding a...
Trans-Atlantic shipping suffers ‘meltdown’ as rates hit new low
The bigger they come, the harder they fall. The shipping boom in the trans-Atlantic market was one of the world’s biggest, and spot rates in this trade have no...
03 November 2024
‘It’s all happening again.’ The supply chain is under strain
08 November 2024
Global Freight Rises But Shows Signs of Weakness in U.S.
23 Oktober 2024
Arctic Shipping Route to See First-Ever Panamax Containership
18 Oktober 2024