HMM hits US$1.95 billion record Q3 profit
The South Korean shipping company HMM has reported an astronomical spike of 9,239.8% in net profit of the third quarter of the year, compared to the same period
Supply chain crisis gives once invisible shipping industry record profits and new adversaries
YIWU, China : Consider the plight of Xu Yaping’s flimsy swords and knockoff Barbies. Exported from the International Trade City here, a wholesale market the size of 1,000
Pandemic, supply chain, and more — how quickly is the shipping industry rebounding after global di
COVID-19 took the world to a near standstill, slowing down major sectors, including the transportation sector. According to a report by Statistica, the global airline industry lost an
Russia-India coking coal deal unlikely to impact Panamax shipping
NEW DELHI : Russia and India have recently entered into an agreement whereby Russia will supply up to 40 million tonnes of coking coal to India every year.
19 countries sign declaration for ‘green shipping corridors’
NEW YORK : The Clydebank Declaration was launched at COP26 with 19 states with the aim to set zero-emission maritime routes between two or more ports. In a
Evergreen splashes out on 24,000TEU ships and more containers
Taiwanese liner operator Evergreen Marine Corporation has extended its spree on newbuildings and containers, as its profit continues to climb amid firming freight rates. On 5 November, Evergreen
P&I Clubs go for double-digit increases as pool claims rise
The frequency of International Group of P&I Clubs’ (IG) pooled claims, which lie between $10m and $100m and are shared by its 13 member Clubs, is not rising,
Shahrouri warns of a crazy rise in shipping prices: the decrease is temporary #Ammon
SHANGHAI : Secretary of the Jordanian community in China sector expert logistics rare Shahrouri, the shipping fees will not go significantly down, but will temporarily decline may be followed by waves
You shop, it ships : Maersk’s bid to challenge Amazon
COPENHAGEN : A Danish shipping giant is betting that your online purchases of appliances, furniture and sweatpants will be the next phase of its growth. Maersk, which moves
Uptick in India’s container industry post-Covid
MUMBAI : The cargo handled by most of the government-owned major ports in India in the first half of the fiscal year is almost at par with the