Increased freight rates caused by strong demand coupled with significant operational challenges such as bottlenecks, lack of capacity and equipment shortages in global supply chains led Maersk to earnings and growth across all its businesses in ocean, port services and logistics during the first quarter of the year. Earnings Before Interest, Taxes, Depreciation, and Amortisation […]

Wan Hai Lines is raising rates on its Taiwan-Vietnam services as the Taiwanese intra-Asia carrier enhances its coverage of Vietnam with two new services starting 2 May. Citing rising demand amid a capacity and container crunch, the increase will be US$50/TEU, effective from 7 May. Freight for 40ft containers is expected to be around US$1,000 […]

Amid the US-China trade war, Vietnam has benefited the most. As manufacturers shift some production from China to Vietnam, intra-Asia liner operators have been adding more calls to the Southeast Asian country. US-China trade tensions have altered the flow of goods in Asia. According to China’s General Administration of Customs, the value of Chinese exports […]

As the fall out from last years’ pandemic subsides and the disruption to supply chains caused by the blockage of the Suez Canal is ironed out the next major event is expected to be the standard peak season which is due to start in August and the LA Port complex must start planning now, warns […]

Hapag-Lloyd and CMA CGM have announced new rates from Europe to different destinations worldwide, effective from next month. Hapag-Lloyd will apply increased ocean tariff rates from North and South Europe to the Middle East and Indian Subcontinent for freight of all kinds (FAK) cargo in 20’ and 40’, including high cube, dry, reefer and special […]

CMA CGM has confirmed the reshuffling of two services in different markets, one in the China to India trade and the other a regional East Mediterranean service, in April and early May. The French carrier will reorganise its existing AS6 service connecting Central and South China with the Indian Subcontinent, effective from 29 April with […]

Lawyers acting for six dead fishermen and a further six missing crew following a collision with the APL Le Havre expect to reach a settlement tomorrow (28 April) with CMA CGM following compensation talks taking place in Mumbai. The owner of a fishing vessel rammed by the 10,136TEU APL Le Havre filed a law following […]

Maersk has announced the launch of its AE77 service, a weekly intermodal freight service from Asia to Southern Europe. The first containers coming from Asia on this new regular service arrived at the largest Russian port of Vostochny on Sealand vessels, according to Maersk’s announcement and on 22 April, the boxes were dispatched by train […]

French carrier CMA CGM said it has launched an “innovative financing offer” that enables shippers to access financing without a requirement for credit insurance. SHIPFIN bill of lading (B/L) will benefit shippers who need to access funds before their own customer has paid them, which will most likely mean small to medium sized enterprises. The […]

HMM has announced the launch of an Asia-Europe extra loader service to alleviate the bottleneck created by the grounding of the Ever Given in the Suez Canal, and to ease the burden on South Korean exporters. South Korea’s largest liner operator said the 4,600TEU HMM Goodwill will set out from Busan on 26 April to […]