Hapag-Lloyd swung to a €54.2 million ($72.6 million) net loss in the second quarter from a €20.9 million profit a year ago as falling freight rates and a weaker dollar offset a modest increase in container traffic.
Etihad Airways plans to revive and expand Alitalia’s dormant cargo business after acquiring a 49 percent stake in the per
Wilh. Wilhelmsen ASA, the world’s largest deep-sea roll-on, roll-off carrier, posted a 30 percent decline in second-quarter profit as one-off charges offset a double-digit increase in cargo volume.
Hapag Lloyd today announced it will divert three more Asia-Europe port calls to Antwerp, fueling concern that berthing delays at Europe’s biggest container hub will persist into the fall.
Rickmers Maritime’s profit more than doubled in the second quarter as the Singapore-based container shipowner got a 20 percent discount on an early loan repayment.
The port of Zeebrugge boosted container volume by 9.9 percent in the first half of the year, easily outpacing growth at larger rivals in the Le Havre-Hamburg range.
The port of Rotterdam today announced a series of measures to eliminate congestion at two large container terminals and free up quay and labor capacity for oceangoing vessels.
The idle container ship fleet has fallen to a three-year low but likely will start to grow again at the beginning of the fourth quarter as the peak shipping season draws to a close, according to...
The U.S. Department of Justice and the Federal Trade Commission cleared the planned merger between Hapag-Lloyd and Compania Sud Americana de Vapores, which will create the world’s fourth-largest...
Deutsche Post DHL booked a market-beating 5.6 percent increase in ocean container traffic in the second quarter, but it trailed growth rates of other top global freight forwarders.
The growth in global air cargo traffic slowed in June as a strong performance by Asia-Pacific and Middle East carriers was offset by declines in Europe and North and South America, according to the...