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02/012024
Loss of US$248 million! ...
Recently, Japan's Ocean Network Shipping (ONE) released a report stating that due to falling freight rates and a surge in new ship deliveries, operating losses in the last three months of 2023 reached US$248 million. However, the company expects to turn around earnings in the first quarter of this year. This forecast is based on previous sharp increases in freight rates affected by the Red Sea crisis.
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01/312024
Maersk’s new shipping al...
Danish logistics company Scan Global Logistics said it had received many questions about the new alliance between Maersk and Hapag-Lloyd. The high-profile new alliance will have important implications for businesses that use the two shipping lines’ customers to ship goods. Although the alliance won't officially launch until next year, many customers are hoping to get more basic information about the alliance as soon as possible. Scan Global Logistics hopes to receive more information from Maersk
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01/302024
The impact of the Red S...
Recently, at the Marine Money conference in London, Ivar Myklebust, chairman of the board of directors of Gram Car Carriers ASA (GCC), an independent Norwegian car ship owner, pointed out that the Houthi armed forces’ attacks on commercial ships resulted in the Red Sea/Suez Canal area being without car carriers for the first time in 30 years. (PCTC) passed. The incident highlights the far-reaching impact the Red Sea crisis has had on the car shipping market, far beyond what people imagined.
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01/292024
Attention! Halt! After ...
After the Lunar New Year, shipping will usher in the traditional off-season, and it is normal for freight rates to fall. However, due to the shortage of ships due to the crisis in the Red Sea, freight rates fell less than in previous years.
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01/262024
Two more container ships...
Maersk MLL and ONE have successively announced the suspension of Red Sea operations.
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01/252024
Are international shippi...
A European freight forwarder has accused major shipping lines of artificially stimulating demand by canceling flights and creating talk of an empty container crisis.
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01/242024
Hapag-Lloyd acquires a l...
Hapag-Lloyd returns to the road freight market --> Hapag-Lloyd, the world's fifth largest shipping company, has launched its first acquisition in 2024. It has reached a new agreement with the British logistics company ATL and plans to fully invest Acquisition of ATL share capital. At present, the specific purchase price has not been announced. But according to ATL's statement, Hapag-Lloyd will receive more than 200 trucks and 250 trailers owned by ATL.
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01/232024
The crisis is difficult ...
The impact of the Red Sea crisis on global politics and economy continues to expand. Recently, many shipping companies have issued warnings that the Houthi armed forces have attacked merchant ships, the Lebanese Hezbollah has intervened, and the Iranian militia and the US military have exchanged fire in Iraq. These incidents may evolve into regional conflicts. At the same time, the problem of rising freight rates caused by ships detouring around the Cape of Good Hope has also begun to emerge. Co
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01/222024
Hard to find a box? Port...
The situation in the Red Sea is becoming increasingly tense, and most liner companies, including CMA CGM, the only remaining Red Sea navigation company, have decided to continue to divert sailings. However, judging from the feedback so far, domestic ports have not yet experienced the phenomenon of "hard to find a container" as a result. On the contrary, container freight rates are showing signs of loosening downwards.
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01/192024
Maersk warns: Weather an...
Global shipping giant Maersk noted in its latest advisory to customers on Thursday that container yard density at Nordic ports has increased due to weather-related disruptions and ships choosing to avoid Red Sea routes.
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