#Shipping
STATE OF FREIGHT Container rates hit $10,000 as ocean freight inflation soars in Red Sea crisis
With the Red Sea diversions by shipping companies including Maersk continuing amid the risk of attacks by the Houthis, global logistics managers are faced with a two...
Swissport opens air cargo terminal in Spain
Swissport is growing its cargo business in Spain with the opening of a new air cargo terminal at Zaragoza Airport. The new cargo terminal, which officially opened...
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...
Container market shows ‘no encouraging signs’ of recovery: HMM
HMM presented a grim assessment of the container shipping market Friday as the carrier reported a sharp decline in profitability with earnings continuing their seque...
Top 20 Cargo Airports: Hong Kong leads the way in a tough 2022
In the wake of Covid-19, other challenges are still hampering air cargo growth. But some of the world’s busiest airports are bullish nonetheless, and are backi...
Panama Canal queue grows 13% in the space of 24 hours
The number of ships waiting to transit the Panama Canal has leapt by 13% in the space of just 24 hours as drastic transit cuts kick in at the drought-hit waterway th...
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...
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