The dramatic decline in shipping lines’ earnings before interest and taxes (Ebit) in Q1 reflects the fast-normalising trade pattern of the past few months. And while there were indications of a weakness in the market in the second half of 2022, which has...
In a keynote address at London International Shipping Week on Wednesday, the CEO of number-two ocean carrier MSC described shipping as a “force for good” and urged his colleagues to highlight the industry’s successes. “We need to keep...
Amid rising antagonism against carriers over skyrocketing freight rates, shipping major CMA CGM announced yesterday that it would stop all spot rate increases with immediate effect (September 9) to February 1, 2022. The Group has said it is prioritising its long-term...
To help 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 within the fourth quarter of 2021. This brings the line’s total investment in containers since the...
Carriers are no less reliable – but they’re also no better. That’s the finding of the latest survey undertaken by maritime consultancy Sea-Intelligence. Its Global Liner Performance (GLP) report, which includes figures up to and including July, reveals that...
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