FRENCH shipping giant CMA CGM Group has posted a net loss of US$229 million for 2019, compared with a profit of $34 million in 2018
- CMA CGM liftings up in 2019, but ends up with a net deficit of US$229m
- China, North American trade deals cut risks of recession, says Fed
AMERICA's China trade deal, plus the free trade pact with Mexico and Canada has 'helped reduce downside risks and buoys business...
- Vietnamese GDP growth off 6.97pc in 4th quarter as demand falls
VIETNAM's GDP growth slowed in the fourth quarter as global demand weakened in the wake of the US-China trade war, Bloomberg reports
- China's PMI brightens in November, but analysts see darker side
CHINA's National Bureau of Statistics' manufacturing purchasing managers' index (PMI) rose to 50
- Swine flu pushes China's meat imports up to record levels
CHINA's meat imports are expected to hit a record five million tonnes in 2019 and increase even more next year, according to vice director Wang...
- Hong Kong unrest continues to hurt demand, says Singapore Airlines
TRAVEL demand to Hong Kong remains weak as months of protests and violent unrest have discouraged people from visiting the city, says Singapore...
- DP World sees Q3 box traffic grow 1.1pc globally to 17.7m TEU
DP World's total container throughput across its global box terminals in the third quarter rose by 1
- POLB starts incentive programme to attract more cargo from shipping lines
THE US port of Long Beach will commence on October 1 an incentive programme for shipping lines, in an effort to stabilise cargo throughput that has...
- China Merchants Port looks to partner with carrier to stabilise growth
CHINA Merchants Port is seeking co-operation with other container shipping lines to ride out economic headwinds that are impacting its throughput...
- South African Treasury rail and port privatisation stymied in cabinet
A SOUTH AFRICA privatisation of electricity, port and rail services has run in opposition in cabinet as it conflicts the ruling African National...
- Retail slumps as China's July industrial output slowest since 2002
CHINA posted the weakest industrial output growth since 2002 accompanied by slumping retail sales in July, Bloomberg reports
- Japan's ONE aims for turnaround in 2019 with positive Q1 results
OCEAN Network Express (ONE) expects slightly better profit this year than previously forecast as costs drop one year into its full operation, despite...
- Lufthansa Cargo's earnings shrink in H1 on back of overcapacity
FALLING demand on tradelanes between Europe and Asia dragged down Lufthansa Cargo's first-half adjusted earnings before interest and taxes (EBIT)...
- CMA CGM blanks another Asia-North Europe sailing
FLUCTUATIONS between supply and demand has prompted CMA CGM to withdraw a further peak season headhaul Asia-North Europe sailing
- Two Norwegian shipping executives indicted in US for price-fixing
THE US Justice Department have charged two Norwegian shipping executives in the US District Court in Baltimore for their participation in a...
- Transpacific carriers expect front-loading, but Asia-Europe to suffer
ASIA-NORTH Europe carriers continue to discount rates to fill their ships, suggesting that the usual pre-peak season recovery will be late, if it...
- SATS eyes US$731.1 million in fresh investments over three years
SATS, formerly Singapore Airport Terminal Services, is targetting about S$1 billion (US$731
- Crew taken off listing 4,400-TEU MSC Matilde at Liverpool dock
THE 4,400-TEU MSC Matilde was listing outside Gladstone Dock in Liverpool on the River Mersey during the night, was since put back on an even keel
- FMC doubts overcapacity or IMO 2020 will cause carrier bankruptcies
THE US Federal Maritime Commission (FMC) has assured the industry that it sees no bankruptcies among ocean carriers because of weak rates or...
- HPH Trust net profit falls 33pc to US$6.1 million, sales up 029pc
SINGAPORE listed HPH Trust, Hong Kong's Hutchison organisation's port operating arm, suffered a first quarter net profit plunge of 33 per...