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High growth trend, Maersk announced the second quarter results

2024-08-09

Maersk continued to grow in the second quarter of 2024, thanks to improved profitability in the Marine business, solid growth in logistics and services and excellent performance in the terminals business.

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Maersk announced the latest fleet renewal plan, will add 60 new capacity

2024-08-09

Maersk announced the latest fleet renewal plan on its website, including the ongoing signing of dual-fuel new building orders and charter contracts, in order to renew capacity of approximately 160,000 TEU per year as planned.

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Shipping companies constantly adjust their rates

The container index has fallen by more than 40%, and shipping companies are constantly adjusting freight rates

2024-08-09

In the first half of the year, the container freight rate, which has repeatedly reached a record high, has been significantly loosened. On the one hand, a number of shipping giants began to reduce the quotation, the Asia-Europe route 40-foot containe

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Supply chain chaos continues in Bangladesh

More than 40,000 containers were stranded in port and ships were forced to wait for more than a week in the Bay of Bengal

2024-08-08

Bangladesh's civil unrest has caused serious disruptions in the supply chain, shutting down factories, halting exports, disrupting seaports, airports and customs processes, and forcing many ships to wait more than a week in the Bay of Bengal.

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Could freight rates fall further in 2025?

2024-08-08

Container futures trading in Shanghai suggests that freight rates between Asia and Europe could fall further in 2025 after appearing to have peaked for now. Although rates have held up much better than Asia-US West Coast and Asia-Mediterranean rates,

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Geopolitics could lead to car carrier rates falling to half their current levels

2024-08-08

Norwegian car carrier owner and operator Leno Shipping recently pointed out that as geopolitical measures to limit the expansion of Chinese automakers are gradually emerging, it may put downward pressure on prices, meaning that current high freight r

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2M to part ways? Maersk could slip into third place

2024-08-08

Mediterranean Shipping (MSC) and Maersk Line are adopting different development strategies, MSC plans to operate independently and expand the fleet, which is expected to exceed 7 million TEU by 2026; Maersk insists on the upper limit of fleet size, f

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2024 Fortune Global 500, shipping companies COSCO Shipping and Maersk on the list

2024-08-08

The 2024 Fortune Global 500 Companies list was released, and China Cosco Shipping Group Co., Ltd. ranked 267th with a total revenue of $53.929 billion, ranking the highest among all shipping companies. Maersk ranked 289th with $51.065 billion in tota

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In the first seven months, China's import and export of trade in goods increased by 6.2%

2024-08-08

In the first seven months of 2024, the total import and export value of China's trade in goods (the same below) was 24.83 trillion yuan, up 6.2% year-on-year (the same below). Of this total, the export was 14.26 trillion yuan, up by 6.7%; Imports rea

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Avoid the Red Sea route, and the Arctic route can be cut in half

2024-08-07

Chinese shipping companies appear to have found a new way to solve problems in the Red Sea by shipping cargo via the Arctic Route (NSR), which allows operators to avoid troublesome Red Sea waters and avoid the detour to the Cape of Good Hope.

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