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OOCL's Profit Surge and Market Outlook

March 14, 2025 4611 Read More

Hong Kong-based Cosco subsidiary OOCL has reported a significant increase in profits for the past year, driven by elevated freight rates, according to the company's latest financial results.The ca

MSC's Port Arm Poises to Acquire Hutchison Ports, Including Strategic Assets in Panama and Felixstowe

March 06, 2025 9230 Read More

Terminal Investment Ltd (TiL), the port operating subsidiary of Mediterranean Shipping Company (MSC), is poised to take full ownership of the UK’s largest container port, Felixstowe, alongside a glob

US Exporters Face Shockwave: Trump’s $1.5M Chinese Vessel Fee Could Double Costs

March 04, 2025 3323 Read More

US exporters are confronted with the prospect of their costs doubling if the Trump administration goes ahead with its plan to levy a $1.5 million fee per port entry for vessels built in China.Followin

The Million-Dollar Port Fee Quagmire: How US Importers Could Get Squeezed

February 28, 2025 4321 Read More

The million-dollar-plus charges for Chinese-built vessels calling at US ports would unsurprisingly put inflationary pressure on US importers, suggests ING research. But the knock-on effects could help

XMAR: Navigating the Future of Shipping with AI and Data-Driven Decision-Making

February 27, 2025 9180 Read More

XMAR: Is the Shipping Industry Prepared to Embrace AI and Data-Driven Decision-Making?For many years, while other sectors have undergone digital transformation, the shipping industry has continued to

Cape of Good Hope Detours Expected to Continue Until at Least August

January 06, 2025 3758 Read More

The upcoming network adjustments by major container shipping lines are likely to result in the continued use of the Cape of Good Hope route until at least the second half of 2025.Lars Jensen, CEO and

Adani Ports Boosts Indian Shipbuilding with Major Tug Order and Port Expansion Plans Amidst Legal Challenges

December 30, 2024 6978 Read More

The Indian government's goal to bolster national shipbuilding has been significantly supported by the private sector. Recently, Adani Ports and Special Economic Zone Ltd. (APSEZ) secured an order

Reefer Operators Focused on Perishables Capitalize on Red Sea Disruptions

December 04, 2024 4894 Read More

Stakeholders in the Indian reefer cargo industry are selectively choosing ocean services that pass through the Red Sea, rather than those that take the extended route around the Cape of Good Hope

Mexico Plans Historic $3 Billion Investment to Expand Port of Manzanillo

November 22, 2024 5639 Read More

Mexico is set to make a generational investment in the Port of Manzanillo, its primary container gateway on the Pacific Coast. The $3 billion expansion project aims to quadruple the port's size an

Hapag-Lloyd Announces Adjustments to Asia-Europe CGX Service Rotation

November 19, 2024 6632 Read More

As shipping lines gear up for a new alliance landscape in the coming year, there is a flurry of activity to reorganize service networks, with significant changes anticipated for the Asia-North Europe

Cargo Operations at Brazil’s Guarulhos Airport on the Brink of Collapse

November 06, 2024 8200 Read More

Cargo operations at Guarulhos Airport (GRU) in São Paulo, Latin America's largest air cargo hub, are nearing total collapse.Airline industry groups have urged the federal government to implement

Red Sea Turmoil Boosts Fortunes for Chinese Container Producers

November 05, 2024 7263 Read More

China International Marine Containers (CIMC), the globe's leading container producer, has announced a fivefold increase in production in the first three quarters of the year due to a resurgence in

Weifang Port Achieves Milestone as China's First "Carbon-Neutral" Seaport

November 04, 2024 5106 Read More

Weifang Port has made history by becoming the first port in China to officially attain carbon neutrality, reflecting a significant commitment to decarbonizing the global shipping industry.On October 1

Strong Q3 for Maersk as It Prepares for Alliance Launch – No Bid for GXO

November 01, 2024 3305 Read More

Maersk has announced it will not pursue a bid for GXO, coinciding with the release of strong Q3 earnings. The company also reassured customers that it anticipates little to no disruption as it launche

Freight Rates for Principal Ocean Trades Out of India Remain on the Decline

October 25, 2024 8059 Read More

There appears to be no immediate end to the decline in freight rates on the major trade lanes from India, as head-haul volumes for container carriers continue to be constrained, according to industry

China Rail achieves record-breaking billion tonnes of rail freight in Q3

October 22, 2024 4685 Read More

China's drive to get more volumes onto rail tracks continues to pay dividends, with China State Railway Group (CSRG) having handled a record-breaking 1bn tonnes in Q3.CSRG reported a 3.8% yea

Uplift for Hong Kong's air cargo hub status, while container port declines

October 18, 2024 7057 Read More

Hong Kong government plans to further boost the SAR's international aviation hub status – in what appears to be a shift in China's logistics strategy – have been welcomed by local companies.

Box ship transits through Panama Canal hold steady, despite drought limits

October 17, 2024 4596 Read More

Despite the well-publicised drought that hampered its capacity, container vessel transits through the Panama Canal this year barely showed a dip, thanks to the carriers’ deep pockets.According to the

Air cargo spot rates hit 2024 peak, while Vietnam becomes a hotspot

October 14, 2024 6906 Read More

Air cargo spot rates have risen to their highest level this year, despite the recent Golden Week holiday in China.Tonnages fell by 7% week on week out of Asia Pacific, in the week to 6 October, WorldA

First LPG Gas Carriers Fitted with Sails for Wind-Assisted Propulsion

October 12, 2024 7334 Read More

Further demonstrating the growing interest in wind-assisted propulsion emerging in the industry, Anthony Veder, a leading operator of gas carriers, completed the first installation of wind-assisted pr

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