Category Archives for Industry News

Rising US trade leads Hamburg port operator to positive first half HHLA’s container volume and financial performance in the first six months has been a marked improvement on a disappointing 2023. Rising US trade leads Hamburg port operator to positive first half Journal of Commerce

Air cargo thrives on e-commerce, disruption-driven demand Peak season has come early to air freight markets and with ocean shipping disrupted and e-commerce filling planes out of Asia, the demand is set to extend through the second half and beyond. Air cargo thrives on e-commerce, disruption-driven demand Journal of Commerce

Evergreen rides surging freight rates to big jump in H1 profits The results, the carrier’s strongest since the second half of 2022, follow those of fellow Taiwan liners Yang Ming Marine Transport and Wan Hai Lines, which reported healthy first-half financials on Monday. Evergreen rides surging freight rates to big jump in H1 profits Journal […]

India-Europe ocean carriers lower spot rates as demand recedes Local freight forwarder sources who spoke with the Journal of Commerce reported a significant downward correction in spot rates quoted by major carriers for their upcoming sailings in the second half of August. India-Europe ocean carriers lower spot rates as demand recedes Journal of Commerce

When it comes to the Red Sea diversions, the world is moving on  Not only are several geopolitical scenarios being confronted with much larger stakes, such as the ongoing Russia-Ukraine war and the possibility of escalation in the Middle East, but economists say there is little in the more than six-month shipping disruption that is […]

HMM reports soaring profitability, but warns of growing market challenges The carrier is preparing its container shipping network for any shifting cargo flows amid rising geopolitical risks and global trade tensions. HMM reports soaring profitability, but warns of growing market challenges Journal of Commerce

Wan Hai, Yang Ming use jump in H1 profits to boost fleet size The investments are being made even though Yang Ming warned that the “world economic situation remains precarious,” with trade tensions and economic conditions in the US and Eurozone creating uncertainty. Wan Hai, Yang Ming use jump in H1 profits to boost fleet […]

ILA unmoved by latest ‘industry-leading’ wage offer from USMX Maritime employers say they are offering dockworkers along the East and Gulf coasts a better deal than the one received by their West Coast counterparts last year, but the union says the proposal is inadequate. ILA unmoved by latest ‘industry-leading’ wage offer from USMX Journal of […]

PSA’s takeover of Polish forwarder extends regional reach in Europe Acquiring a majority stake in Loconi International continues the Singapore-based terminal operator’s growth strategy designed to expand control of its cargo handling beyond the quay. PSA’s takeover of Polish forwarder extends regional reach in Europe Journal of Commerce

Tight capacity, expected demand bolster August MPV indices An “unbroken faith” in the underlying strength of the breakbulk market is pushing up indices and bolstering the optimism of multipurpose carriers, analysts say. Tight capacity, expected demand bolster August MPV indices Journal of Commerce