#Logistics
MSC takes over Milan air cargo carrier
MSC has acquired the majority stake of AlisCargo Airlines, a Milan-based air freight carrier. The parties confirmed that the transaction is a first step towards t...
Maersk Warns of Slower Demand For Container Shipping
Shipping group A.P. Moller-Maersk warned on Friday of a steeper decline in global demand for shipping containers by sea this year, prompted by muted economic growth...
Maersk forecasts long and deep contraction in global trade
AP Møller-Maersk has warned that a contraction in global trade will prove longer and deeper than the container shipping giant had feared, as companies cut the...
Container Lessors Benefit from Rising Demand and Slow Steaming
Container leasing companies reported a slowdown in the return of boxes by ocean carrier customers in the second quarter, and say they are optimistic of a recovery in...
Panama Canal Authority Defies Drought Challenges with Transit of Biggest Containership
In the face of severe drought conditions that have impacted Panama Canal operations, the Panama Canal Authority (ACP) has celebrated the northbound transit of the Ev...
Container ship and retail giants ‘failing to deliver on carbon cuts’ to save the planet
Analysis by US environmental campaigners has revealed that most container lines and major retailers are failing to deliver on even minimal commitments to decarbonisa...
How Shipping Lines Sustain Rates Despite Surging Capacity
Global freight rates and capacity availability are key indicators of economic activity, with sea transport accounting for around 90% of global trade....
COSCO Shipping’s electric containership hits the water
Chinese shipping company COSCO Shipping Development reached a significant milestone on July 26 with the launch of its 700 TEU electric container ship (N997) at the C...
The 'freight recession' rocks global shipping, fueling a 75% plunge in container rates
The US economy may have dodged a recession so far, but some of its sectors have been hit hard by instabilities created by the pandemic. Case in point: a downturn...
Zim downsizing its container ship fleet as demand disappoints
Israel-based ocean carrier Zim (NYSE: ZIM) is cutting its exposure to the freight market by offloading multiple leased vessels. News of its divestment strategy was f...
Container shipping giant CMA CGM still earning over billion a quarter
The bad news for France’s CMA CGM, the world’s third-largest ocean carrier: Profits continue to slide. The good news: The company is still raking in over...
CMA CGM Sets Course to Overtake Maersk in Shipping Line Rankings
With its huge orderbook of 122 ships, for a capacity of 1.24m teu, CMA CGM is on course to overtake Maersk as the second-biggest container line in the world. And,...
Six hundred shipping containers reported lost overboard after container ship sinks
Around 600 containers are reported lost from a feeder container ship that sank at the port of Kaohsiung in Taiwan. As earlier reported by TradeWinds, the Palau-re...
Trans-Pacific shipping rates rise as carriers make capacity cuts
Shipping lines finally seem to be making some headway in managing vessel capacity in the Asia-U.S. trades. Spot rates have been on the rise for three straight wee...
Railway container shipments plummet due to B.C. port strike that's poised to end
MONTREAL — Railways suffered a sharp drop-off in container shipments this month as the strike by B.C. port workers — now poised to end after a tentative...
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