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Maersk Frankfurt owners declare general average

2024-07-29

The 5920TEU container ship Maersk Frankfurt, operated by Maersk, has been on fire for several days since July 19, resulting in the death of one crew member, and the owner has declared general average (GA).

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To star surpassing Yangming Shipping into the world's ninth largest liner company

2024-07-29

Mediterranean Shipping (MSC) and ZIM Shipping (ZIM) were the fastest growing mainline operators in the first half of the year, with ZIM having overtaken Yangming Shipping to become the ninth largest liner company in the world.

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Two of the Middle East's biggest port groups combine Turkish operations

2024-07-29

Dubai Ports World (DP World) and Turkey's Evyap Group have merged their terminal operations in Turkey, aiming to boost local trade by creating a new logistics hub with a total annual container handling capacity expected to exceed 2 million TEUs.

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The fourth largest Marine freight forwarder raised its full-year forecast

2024-07-29

DSV, the world's fourth largest sea freight forwarder and fourth largest air freight forwarder, announced its results for the first half of 2024, with revenue of $11.544 billion in the first half of the year, an increase of 2%.

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An industry think tank warned that tariffs could spark a global trade war after Trump's second term in office

2024-07-24

The Peterson Institute for International Economics, a nonpartisan think tank in Washington, predicted that Trump would impose new tariffs that would have an impact beyond individual economies and that such tariffs could spark a global trade war becau

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Total container throughput at Global Ports was up 14.6 per cent year on year

Global Ports: Total container throughput increased 14.6% year over year

2024-07-24

Global Ports, the number one container terminal operator in the Russian market, announced its second quarter and first half operating results on July 18.

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Maersk has issued an emergency warning as violence continues across Bangladesh

2024-07-24

Four weeks after protests erupted in Bangladesh, the government has taken several emergency measures to try to quell the unrest, but the cargo logistics system has been severely disrupted, and ports and air cargo have been disrupted.

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Shipowners prefer to continue operating older vessels

The proportion of old ships being dismantled has decreased, and shipowners are more willing to continue operating old ships

2024-07-24

Braemar's statistics further show that the total capacity of ships dismantled in the first half of this year was 57,000TEU, which represents only 0.2% of the global trading fleet.

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Due to the crisis in the Red Sea, the Suez Canal's annual revenue fell by 10 billion yuan

2024-07-24

Due to the crisis in the Red Sea, a large number of ships switched to other routes to avoid attacks by the Houthis in the Red Sea, and the Suez Canal's revenue fell by about 23.4 percent in the most recent fiscal year.

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Freight forwarder Kuehne+Nagel announces first half results

2024-07-24

Kuehne+Nagel, the world's largest sea and air freight forwarder, announced its results for the second quarter and first half of 2024.

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