Rotterdam has declared victory over the Suez surge in volume, but persistent delays at European hub ports have prompted some carriers to introduce congestion surcharges on imports and exports.
More from Greg Knowler
Rising volume and rate levels through the first quarter allowed Maersk to dramatically increase its business and profitability across all business segments, posting a quarterly profit that is just...
The strain of an overextended air cargo market is being felt across the supply chain, but with so much belly capacity out of service, there is little sign of the pressure easing any time soon.
Ocean Network Express has joined its peers in delivering profitability in the billions as the carrier capitalized on rising demand and high rates through the second half of its fiscal year.
China’s Cosco Shipping Holdings has joined Maersk in posting a highly profitable first quarter result, and has predicted the positive earnings momentum will continue.
The first quarter was a good one for Rotterdam and Antwerp, but with terminals fully stretched as the ports face operational challenges in the weeks ahead.
Greater interest from shippers in extending the duration of ocean contracts to mitigate volatile rates is becoming a trend on the major trades.
Demand for guaranteed vessel space is expected to further drive shippers toward less-than-containerload services that saw double-digit percentage volume growth in the first quarter.
DSV continued its growth-by-acquisition strategy with the takeover of Agility’s logistics division that will increase its annual revenue by almost 25 percent.
Limited capacity and strong demand on air and ocean trades out of Asia allowed Kuehne + Nagel to build a solid first quarter.
Significant improvement in average revenue earned per TEU underpinned OOCL’s strong first quarter operational result.