Importers and exporters are facing a rapidly disintegrating container shipping market as deployed capacity fails to keep pace with returning consumer and business demand and shipping rates escalate
HAMBURG : To further ease the scarcity of empty containers, Hapag-Lloyd has ordered another 75,000 TEU dry boxes. The containers will be manufactured in China and delivered to
COPENHAGEN : Freight rates are record high, record amounts of cargo are shipped across the Pacific Ocean, as well as globally, and the previous yearly record for new
Hong Kong-listed Orient Overseas (International) Ltd (OOIL), which owns OOCL, reported a massive surge in first half net profit to $2.81bn compared to $155m in the same period
AP Moller-Maersk A/S, the world’s biggest container shipping line, was expected to make around $4.5 billion in operating profit in 2021, according to estimates at the start of the year
PANAJI : In a bid to ensure continuity of the container feeder vessel, Mormugao Port Trust (MPT) has decided to grant substantial discounts to any shipping firm that starts new
NEW DELHI : Exporters have called on the government to ask Indian shipping lines to lease containers for them as a worldwide supply chain imbalance has led to
LONDON : Surging container shipping cargo demand in the wake of the pandemic has resulted in a significant improvement in the global terminal capacity outlook, but this may
The tender committee of the Port of Gdańsk Authority has announced that the lease for a new port area has been awarded to DCT Gdańsk S.A. On 18
DUBAI : Russia continues to develop shipping through the Arctic promoting it as a faster route that is an alternative to the Suez Canal. In the latest development,