European air freight shippers are facing fresh disruption today as a strike by Lufthansa pilots forced the cancellation of 50 long-haul flights to and from Frankfurt, Germany, the German carrier’s global cargo hub.
Maersk Line has announced low-sulfur surcharges of up to $160 per 20-foot container on the North Atlantic and lesser amounts on other trade routes to offset the cost of complying with regulations...
The idle container ship fleet has shrunk to a three-year low, driven by rising carrier demand for Panamax vessels of 3,000 TEUs to 5,100 TEUs capacity, according to Alphaliner.
Maersk is facing aggressive competition on its most lucrative north-south routes, which are being targeted by rival carriers seeking to offset losses from the overtonnaged Asia-Europe trade lane.
The Port of Antwerp is deepening its collaboration with the Port of Houston to include joint marketing and business development.
A Dutch court has rejected a claim by ECT, Rotterdam’s largest container terminal operator, that the port authority acted unlawfully in awarding concessions for two giant terminals about to start...
TNT Express today issued a profit warning for 2015 because of tough trading conditions in Europe.
Hamburg Sud and United Arab Shipping Co.
Global container port traffic will top 840 million 20-foot-equivalent units by 2018, with Africa and greater China posting the fastest growth rates, according to shipping consultancy Drewry.
Kuehne + Nagel, the world’s largest sea freight forwarder, said it is targeting the trans-Atlantic container trade to offset slowing Asian exports to Europe.
The 2M and O3 alliances likely will first lock horns in the Asia-Mediterranean trade, with planned increases in capacity threatening to unleash a rate war, according to analyst Alphaliner.
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