Carriers attempt PSS for India-US cargo after modest GRI success

Container lines appear to have regained some bargaining power to lift freight rates on the India-US trade lane after managing partial recovery from recent general rate increase (GRI) attempts. Mediterranean […]

Maersk sees lower financial figures in second quarter

A.P. Moller – Maersk reports a second quarter of 2023 ahead of expectations with revenue standing at US$13 billion, compared to US$21.7 billion in the same quarter last year. Ocean […]

CMA CGM enhances FAL 1 service

French ocean carrier CMA CGM has announced the extension of its FAL 1 service into Poland. The Marseille-based company said the first sailing Westbound from Asia will be on 10 […]

ONE avoids making full-year forecasts as market becomes uncertain

Ocean Network Express (ONE) said on 1 August that the market remains uncertain after its net profit for the three months ended 30 June plunged 91% from the year-ago period […]

MSC tops schedule reliability rankings in June

MSC was the most reliable top-14 carrier in June 2023, with 70.6% schedule reliability, followed by Maersk with 69.9%, according to a recent analysis of Sea-Intelligence. MSC was the only […]

Vietnamese rice prices increase after India’s export ban

Rice prices in Vietnam’s Mekong Delta region last week reached a record high in the last 10 years after India banned the export of non-basmati white rice. Rice prices in […]

EU trade deal boosts Vietnam exports

The EU – Vietnam Free Trade Agreement (EVFTA) has had positive impacts on Vietnamese businesses since it took effect on August 1, 2020. As the first FTA between Vietnam and […]

CMA CGM exceeds US$12 million in second quarter revenues

French ocean carrier CMA CGM reported revenue of US$12.3 billion and net income of US$1.3 billion in the second quarter of the year. These figures represent huge year-on-year decreases over […]

HHLA lowers forecast for current financial year

German port and terminal operator Hamburger Hafen und Logistik AG (HHLA) is adjusting its forecast for the current financial year based on preliminary figures for the first half of 2023. […]

Panama Canal maintains competitive draft levels for the next months

The Panama Canal announced it will maintain a draft of 13.41 metres for the next several months, “as long as weather conditions do not vary significantly from current projections”. Panama […]

Georgia Ports moves 5.4 million TEUs in FY 2023

Georgia Ports handled a total of 5.4 million TEUs in fiscal year (FY) 2023 (1 July 2022 – 30 June 2023), down 6.7% or 387,000 TEUs compared to the previous […]

ONE to get larger terminal in Kobe port

Ocean Network Express (ONE) will get a larger terminal in Japan’s Kobe port, after one of its shareholders, Mitsui OSK Lines (MOL), agreed to expand its existing Kobe International Container […]

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