The enormous challenges of transitioning global shipping from fossil fuels to zero-carbon alternatives are coming into view, none more important than aligning private investors and governments to ensure decarbonization targets are met.
Old-fashioned breakbulk and supply chain skills have served shippers well in the “spillover” market, and some practices may linger after the container market normalizes.
Although rates could plateau or slide as global stressors impact the MPV market, underlying demand will not soften as the energy transition accelerates.
Hapag-Lloyd has acquired Africa specialist carrier as the German container line expands its footprint in a continent the carrier’s CEO believes holds long-term potential.
While Antonov's smaller AN-124s continue to operate, restoring the behemoth AN-225 will take five years and cost more than $3 billion, according to the Ukrainian government's news outlet.
With Suez Canal transit tolls rising next month, Indian shippers — already dealing with elevated freight rates — are now seeing new canal-related surcharges on services to North Africa.
Uncoordinated state measures imposed in response to the new COVID-19 variant are adding a new round of misery to the already overstretched global supply chain.
The highly profitable container market benefited all shipping lines this year, but for Pacific International Lines it has enabled the debt-stricken carrier to pull back from the brink of bankruptcy.
While its rivals target acquisitions that fit an integrated end-to-end logistics strategy, Hapag-Lloyd has instead focused on expanding its core container shipping network.