2 days ago · Carriers hope price hikes will hold as spot rates fall in CNY doldrums Despite the muted trading activity since China’s new year holiday began this week, spot rates on most major east-west ocean trades continued to show slight declines.

Dec 17, 2024 · HMM has made good on its promise to return to the transatlantic trade, after a six-year absence. The South Korean flagship carrier today announced thel launch of the TA1 service in February, through a collaboration with ONE, which said today it would market it as the AL5, connecting Northern Europe with ports on both the US east and west coasts.

Nov 6, 2024 · Yang Ming’s chairman Tsai Feng-ming says the Taiwanese carrier is feeling the heat from compatriot peer Wan Hai Lines’ aggressive newbuilding spree.. Yang Ming’s only newbuildings are five 15,500 teu ships commissioned in May 2023, while, Wan Hai, widely tipped to join one of the container shipping alliances next …

Carriers hope price hikes will hold as spot rates fall in CNY doldrums Despite the muted trading activity since China’s new year holiday began this week, spot rates on most major east-west ocean trades continued to show slight declines.

Nov 5, 2024 · Dwelling time stands at five days for transhipments, and six days for exports. Shanghai and Ningbo temporarily halted some operations on Friday in anticipation of Kong-Rey, and EconDB data shows delays stand at 82% and 85%, respectively, with 195 and 116 boxships due over the next week.

Jul 3, 2024 · The company’s core focus is intra-Asia, but it ventured into long-haul during the Covid-induced boom in early 2022 with transpacific and Far East-Australia/New Zealand services.

Nov 21, 2024 · MSC appears to have decided against leaving Montreal-destined shipments at the port of Halifax, and is said to be set to provide a feeder service to ferry them on to the Quebec port, which had been hit by one of a spate of strikes across Canada.

Oct 14, 2024 · As indicated in The Loadstar last week, problems at Boeing will mean freighter orders will go to the back of the queue. Boeing has said it will push back its first 777-8F deliveries, as well as ending production of the 767F. It will also cut 17,000 staff. President and CEO Kelly Ortberg said customers should not expect 777-9s before 2026; and no 777-8Fs before 2028, citing a “ difficult ...

Nov 8, 2024 · Employers at Canada’s port of Montreal have submitted what they call their “final, comprehensive” offer to end the dispute with dockworkers that has seen operations hobbled for over a week.

Dec 23, 2024 · 2024 review: Are we in the early stage of an improving logistics demand cycle? With the IMF forecasting global GDP growth of 3.2% in 2024, global merchandise trade volumes are projected to also rebound, reaching a growth rate of approximately 2.3%. This marks a significant improvement from the 1.1% decline in 2023. The uptick in trade volume has directly translated to increased demand for ...