#Cargo Bali
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...
Maersk sets new bar with shipping’s first climate target validation
AP Moller-Maersk has achieved another industry first, having validated its decarbonisation targets to be in line with the Paris Agreement’s goal to hold the gl...
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...
CMA CGM faces Polynesian hurdle in its pursuit of Bolloré Logistics
French liner CMA CGM has fallen foul of competition authorities in Polynesia in its bid to take over Bolloré Logistics. The Polynesian Competition Authorit...
Maersk Shares Hammered as Red Sea Boost Masks Overcapacity
A.P. Moller-Maersk A/S shares plunged after the shipping company said it expects renewed gloom in the industry later this year when the current boost to freight rate...
Suez Canal Diversions Pile Pressure on Egypt’s Economy
A sharp downturn in revenue after sea attacks by Yemen’s Houthis diverted away shipping away from the Suez Canal has struck a painful new blow to Egypt’s...
Number of ships waiting for Panama transit slashed in half
The queue of ships waiting at both ends of the Panama Canal stands at just half the historical average since the waterway expanded back in 2016, highlighting the dra...
CMA CGM hit by scheduling chaos as attacks disrupt Red Sea shipping
CMA CGM, the world’s third-biggest container shipping group, said some of its vessels were continuing to go through the Suez Canal but warned of scheduling c...
Port of Los Angeles Ends 2023 On a High Note
The Port of Los Angeles saw a 2.5% increase in the amount of cargo processed in December, marking the fifth consecutive month of year-over-year gains. Total cargo...
US Gov’t set to spend $46 million to electrify container ports
Multi-million-dollar grants adding up to more than $46 million from the US Federal Highway Administration (FHWA) will help support electrification efforts at several...
CMA CGM and Air France-KLM abandon air cargo alliance
French shipping group CMA CGM and carrier Air France-KLM are scrapping an air cargo partnership after struggling to get US approval to operate North American routes...
ZIM Integrated: Why The Red Sea Shipping Crisis Could Allow It To Shower Shareholders With Free Cash Flow
Thesis In this note, I consider the business of ZIM Integrated Shipping Services (NYSE:ZIM) and explain why I believe it will shower shareholders with free cash flo...
Flatbed and refrigerated trucking poised to tighten in 2024
Tender rejection rates for the three main trailer types all spiked as they seasonally do around Christmas. The aggregate read is that the market remains oversupplied...
COSCO and Fratelli Cosulich acquire Italy-based logistics company
COSCOS, the joint venture between the Chinese shipping giant COSCO Shipping and Italian shipping group Fratelli Cosulich, has acquired Novara-based logistics company...
Record Wave of New Containerships Expected to Push Global Fleet Above 30 Million TEU
The global containership fleet is set to exceed the 30-million TEU mark for the first time in history in 2024, as a wave of new containerships hit the water, accordi...
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
09 Agustus 2024