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.
The southern Italian port of Taranto, once a leading transhipment hub, faces an uncertain future after losing its last long-haul intercontinental service in the latest shake up in the fiercely...
Spot freight rates on the key Asia-north Europe trade are reported to have slumped to just $750 per 20-foot container, down more than $1,000 since the beginning of the year.
DFDS, one of Europe’s largest short sea-shipping and logistics operators, this week announced plans to close a second route in response to tougher environmental regulations that will sharply increase...
CMA CGM has upgraded its Amerigo service between the U.S. and the Mediterranean with the addition of a new call in Miami.
Maersk Group said it has raised $1.25 billion from the successful issue of two maiden U.S. dollar bonds.
Global Ports, Russia’s largest container terminal operator, reported a jump of 30 percent in profit for the first half of 2014, as favorable ruble-dollar exchange rate movements offset a drop in...
Mediterranean Shipping Co. today unveiled surcharges of up to $165 per 20-foot container on North European and North American routes that will be subject to new low-sulfur limits in 2015.
Air France initiated a contingency cargo plan today as pilots begin a week-long strike that will ground more than half of the carrier’s flights.
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