CHAIRMAN of TS Lines, Chen Te Shen says controlling costs and services additions on routes with growing demand have led to the Taiwan carrier's...
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TS Lines in search of new ships as Q1 profits soar 170pc to US$21.5m - CMA CGM levies US$200/TEU A-E peak season surcharge July 1
FRENCH shipping giant CMA CGM will levy a US$200 per TEU peak season surcharge (PSS) from July 1 from ports of origin ports until further notice but...
- IMO 2020 added $100 million to CMA CGM's first quarter bunker bill
FRENCH shipping giant CMA CGM bunker fuel bill rose 11 per cent in the first quarter, as fuel became more expensive immediately after the global...
- Carriers opt for Cape route as cheaper oil and recession bites
CARRIERS are re-discovering the old Cape of Good Hope route in an age of low oil prices and increasingly costly Suez Canal fees, says Lars Jensen,...
- US trucking suffers most in the US transport virus downturn
US TRUCKING shipments were down 23 per cent year on year in April, according to Cass, with a 16 per cent drop month over month, according to the...
- Germany's Hapag-Lloyd reduces fuel surcharges in France
GERMAN shipping giant Hapag-Lloyd will revise its fuel surcharge for inland haulage under carrier arrangement from/to France, reports the American...
- Cargolux revenues and net profits suffer blow in 2019
CARGOLUX says its full-year results for 2019 show that revenue plunged 14 per cent to US$2
- CMA CGM applies Equipment Imbalance Surcharge from May 1 on reefer cargo
FRENCH shipping giant CMA CGM has decided to implement an Empty Equipment Imbalance Surcharge from May 1 in light of the high demand and shortage of...
- MSC delays start of new Panama Canal emergency surcharge hike
THE Panama Canal Emergency Surcharge (PCE) increase that was scheduled to go into effect on April 23 by Mediterranean Shipping Company (MSC) has been...
- CMA CGM scraps peak season surcharge for E Med, Black Sea to Indian Subcontinent
CMA CGM is cancelling its peak season surcharge (PSS) of US$200 per dry container that was introduced on March 15, starting from May 1
- Coronavirus dents FedEx's profits, but firm expects air cargo to surge
FEDEX's third-quarter results for its 2020 fiscal year show that revenue increased to US$17
- Virus dents FedEx profit, but says demand for air cargo to surge
FEDEX's third-quarter results for its 2020 fiscal year show that revenue increased to US$17
- Maersk bucks trend by imposing US$30 per TEU Panama Canal water surcharge
DANISH shipping giant Maersk Line is to impose a transit surcharge of US$30 per TEU for all cargoes transiting the Panama Canal following the...
- Maersk meets IMO 2020, but will use more heavy fuel with scrubbers
AP Moller Maersk CEO Soren Skou says the switchover to lower sulphur fuel to meet the demands of newly implemented IMO 2020 has been 'very...
- Maersk loses US$44m in 2019 despite flat liftings of 26.6m TEU
THE Maersk Group lost US$61 million in the fourth quarter of 2019, leading to an overall net loss of $44 million last year
- Coronavirus mitigation: OOCL extends free time in cargo detention
HONG KONG's Orient Overseas Container Line (OOCL) is offering an extended free time period in the cargo detention calculation from February 10 to...
- CMA CGM levies Emergency Space Surcharge on Russian, Baltic ports
FRENCH shipping line CMA CGM is introducing a series of Emergency Space Surcharges (ESS) for exports originating in Russia and the Baltic region,...
- Reefer cargo diverted from China ports as virus restricts movement
CHINA's ports and terminals have too few electricity supplying reefers plugs to accommodate the incoming flow of reefer containers because of...
- ONE expects quarterly loss of US$49m but optimistic of full-year profit
JAPANESE shipping company ONE anticipates a US$49 million loss for the current quarter, on the back of weak demand following the Chinese Lunar New...
- Cambodia looks to cut logistics costs to keep trade privileges with EU
CAMBODIA is implementing measures to lower logistics and transportation costs, while the European Union's reviews whether or not to withdraw the...