CMA CGM’s net income almost tripled in the third quarter as the French carrier’s container volume surged to an all-time high. The results support the trend in which the largest carriers in the world are also the most profitable.
The port of Antwerp is at a standstill as dockers stage a 24-hour strike to protest the Belgian government’s austerity program aimed at reducing the country’s soaring national debt.
Spot rates on the Asia-Europe trade plunged 13.3 percent this week to $809 per 20-foot container, the third straight week of heavy declines since the Nov. 1 general rate increases failed to stick, according to the latest reading of the Shanghai Containerised Freight Index (SCFI).
The Port of Long Beach in December will open a facility for the storage of empty containers, a move that is expected to help relieve congestion at marine terminals and at the same time free up chassis for use in the harbor.
U.S. shippers dependent on congested ports face a tough year ahead, FTR Associates says. But that doesn't mean 2015 will be easy — or cheap — for anyone shipping freight in the U.S.
With worsening delays at the Port of Hamburg, port leaders are hoping that newly formed alliances will improve on-time arrivals while at the same time seeking ways to improve the flow of containers to and from the hinterland.
The nation’s largest regional less-than-truckload carrier is moving to larger digs.
West Coast port congestion keeps spot market truck prices on inland routes high, and shippers are rethinking supply chains as cost rise.
Diana Containerships swung back to profitability in the third quarter, reporting a net profit of $1.4 million on higher charter rates after losing $700,000 in the same period a year ago.
Emirates Shipping Line on Monday said it will expand its services connecting Asia and East Africa into two fixed-day weekly services that will ensure that “port delays do not impact the quality of service on either loop.”
DFDS’s third quarter profit soared 17 percent even as northern Europe’s leading short-sea shipping and logistics operator closed routes and rejigged its network as Russian sanctions hit its key Baltic trades.
Evergreen Marine recorded an $80 million net profit in the three months ending Sept. 30. as the carrier added a second profitable quarter since joining the CKYH Alliance in March.
The Philippine’ cabinet cluster on port congestion directed by cabinet secretary Jose Rene Almendras will gather for a port forum on November 27 in Manila as officials struggle to address the bottlenecks that have troubled the gateway since late February.