#Freight Forwaders
Hapag-Lloyd hit by downward spiral in freight rates
The collapse in freight rates pushed nine-month profits at Hapag-Lloyd down almost 80 per cent as the leading German container shipping group cut its full-...
Shipping line Hapag-Lloyd suffers ‘big miss’ as Q3 profits slump
Germany’s Hapag-Lloyd, the world’s fifth-largest ocean carrier, reported much lower profits than expected for the third quarter as sinking freight rates...
The global freight recession will continue in 2024: CNBC Supply Chain Survey
The global shipping industry has been mired in a freight recession this year and the challenging economic conditions will continue into 2024, according to a new CNBC...
Lufthansa Cargo profits wiped out in Q3
Operating income for Deutsche Lufthansa AG’s cargo division collapsed to near zero during a seasonally weak third quarter, and the company indicated full-year...
Germany Will Raise Cargo Ship Verity as Collision Investigation Proceeds
German authorities announced today that they plan to salvage the wreck of the Isle of Man-registered cargo ship Verity which sunk on October 24 after colliding with...
Shipping industry steers container production away from China
Push comes after pandemic highlighted reliance on manufacturers in world’s second-largest economy The shipping industry is stepping up efforts to build stee...
‘World’s 1st’ ammonia-powered containership set to debut in 2026, Yara says
November 2, 2023, by Jasmina Ovcina Mandra Yara Eyde, which has been described as the world’s first containership to be powered by pure ammonia as fuel, is sc...
Maersk's woes signal slow-motion industry crash
LONDON, Nov 3 (Reuters Breakingviews) - Shipping giant A.P. Moller-Maersk (MAERSKb.CO), opens new tab is battling choppier seas. On Friday, the $23 billion Danish fi...
Maersk cutting at least 10,000 jobs as shipping boom unravels
COPENHAGEN, Nov 3 (Reuters) - Shipping group A.P. Moller-Maersk (MAERSKb.CO), opens new tab, reported a steep drop in third-quarter profit and revenue on Friday and...
Cargo Ship Loses Containers in Northern Canada
Recovery operations are underway after a Canadian cargo ship lost about 20 containers overboard in northeastern Canada on Friday. The cargo loss involved the M/V...
Some shipping lines are still posting 9-figure profits amid downturn
The predicted container shipping wipeout is not here yet. Several container lines are still posting nine-digit quarterly profits, despite a tepid peak season, slumpi...
Shipping braces for impact as Panama Canal slashes capacity
After its driest October on record, the Panama Canal will severely restrict transit capacity to conserve water. Shipping will feel the effects in the months ahead, w...
Port of Los Angeles Reports Increase in September Cargo Volumes
The Port of Los Angeles has announced a rise in cargo volumes for the month of September, following in the footsteps of its neighboring Port of Long Beach. The Po...
Maersk Sued Over 2021 Cargo Loss
Danish shipping line Maersk is facing a $5.8 million lawsuit over the loss of containers from the Maersk Eindhoven in 2021. The lawsuit was filed last by the insu...
Hapag-Lloyd installs tracking devices on 700,000 containers
Hapag-Lloyd has announced the installation of its 700,000th tracking device, describing it as "an important moment on its path to creating the world’s lar...
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