Global air cargo traffic surged 5.8 percent in July from a year ago and likely will continue to increase in the coming months, driven by accelerating economic growth in key Asian markets, according to the International Air Transport Association.
The surging number of ultra large container ships has failed to create a European mega-hub with ocean carriers still operating multi-port rotations, according to Drewry Maritime Research.
Fesco Transportation Group’s revenue and earnings declined in the first half as a weaker rouble and lower ocean freight rates offset higher container volumes.
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...
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...