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 […]
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 […]
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 […]
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 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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
