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With revenue of $4.646 billion, OOCL announces first half 2024 results

2024-08-26

In the first six months, OOIL international actual revenue was $4.646 billion, up 2.31% year on year. Net profit attributable to shareholders of the Company was $833 million, a decrease of 26.18% over the same period last year.

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The China-Russia Sub-Committee on Arctic Shipping Routes cooperation was officially established

2024-08-26

From August 20 to 23, 2024, Minister of Transport Li Xiaopeng went to Moscow to attend the 29th Regular Meeting of Chinese and Russian Prime Ministers and paid a working visit to Russia at the invitation of the Ministry of Transport of the Russian Fe

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Freight rates on European routes have also fallen significantly

West America has fallen to $4,600, and European freight rates have also dropped significantly

2024-08-23

Senior management of large freight forwarding companies pointed out that central China freight has fallen to 4600-4800 US dollars, and southern China freight supported by e-commerce is still maintained at about 6,000 US dollars. European route freigh

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Hapag-lloyd CEO: Excess capacity in the shipping market is being offset by market variables

2024-08-23

Hapag-lloyd CEO Rolf Habben Jansen believes that having a certain amount of spare capacity is actually advantageous. Especially after the Red Sea crisis has eased and the Suez Canal has reopened, the market supply and demand relationship will still f

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The Sounion was attacked and the Houthis targeted the Greek ship owner

2024-08-23

The Greek oil tanker "Sounion" (163,759 DWT) was attacked by the Houthis in the Red Sea and was bound for Cape Town, South Africa, but was sailing towards Cyprus at the time of the attack.

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Taiwan three big ship company announced the latest results, the upward trend is obvious

2024-08-23

In the first half of 2024, Evergreen Shipping's net profit increased by 362% year-on-year, Yangming's net profit rose by 612% year-on-year, and Wanhai Shipping turned a loss into a profit.

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PIL launches new CCE Express line from China to Chittagong

2024-08-23

PIL has announced the launch of the new China Chittagong Express to connect major ports in China and Bangladesh with direct flights to Chittagong, Bangladesh via Ningbo, Shanghai and Shekou in China.

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Gross margin reached 31.0%, SITC announces first half 2024 results

2024-08-23

In the first half of 2024, SITC achieved revenue of $1.301 billion, an increase of 3.8%. Profit was $353 million, up 12.8% year-over-year, and gross margin reached 31.0% in the first half of 2024.

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The idle container ship fleet is at a record low

2024-08-22

While more than 2 million TEU of newly built container ships have been added to the global fleet so far this year, open tonnage remains at historically low levels.

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Ranking the world's top 100 container liner companies by capacity, 16 Chinese liner companies made the list

2024-08-22

As of August 20, 2024, the number of container ships in operation worldwide totaled 7,049 (of which 6,260 are pure container ships and others are multi-purpose vessels), with a total capacity of 30.4936 million TEU, equivalent to approximately 361 mi

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