US IMPORTS surged to unexpected levels and may have hit a new record as the US economy continues to reopen and retailers stock up for the holiday...
- Global Port Tracker's mood changes from negative to positive
- Decoupling America would cut China's annual growth to 3.5pc
WORSENING conflict between China and the US has damaged trade, but a complete decoupling between the two would be more damaging to China's...
- United to eliminate 16,370 jobs because of weak demand
UNITED AIRLINES will eliminate 16,370 jobs next month to shrink operations in response to a decline in flights because of Covid pandemic, reports...
- Port Tracker: US sees weakest peak season in 4 years
US imports at major US ports during 2020 are expected to see their lowest total in four years as the impact of the Covid crisis hits the economy,...
- DP World 1H volume down 5.9pc, against 15pc industry drop
DUBAI's global port operator DP World suffered a 5
- July air cargo demand stable, but capacity remains constrained by Covid
THE International Air Transport Association (IATA) has reported that global demand, measured in cargo ton kilometres (CTKs), fell by 13
- HHLA takes a beating from blank sailings
GERMANY's Hamburger Hafen und Logistik AG (HHLA) has posted significant falls in volume and revenue in the first half of the year brought about...
- U.S. turns screws on maritime industry to cut off Venezuela's oil
Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the...
- China phone shipments fall 35pc after 10pc fall in May, 16pc in June
SMARTPHONE shipments in China plunged 35 per cent in July compared with a year earlier, government data released on Tuesday shows, reported Reuters
- Caixin's independent PMI shows China services losing energy
A CAIXIN-sponsored survey reported China's services sector reached a three-month low in July
- Beirut needs immediate shipments of grain - food is in short supply
WITH the Port of Beirut closed after the massive explosion and infrastructure destroyed, food shortages are rife and half a million children in the...
- ONE posts second quarter profit despite revenue, volume declines
JAPANESE owned but Singapore based Ocean Network Express (ONE) suffered a decline in revenue of 11
- Increased tonnage afloat will result in rate slide, says Alphaliner
SOME 313 containerships, or 1,555,959 TEU, remained laid-up as of July 20, representing 6
- Shipbuilding orders fall on fear of new eco rules and global depression
ISLE OF WIGHT based VesselsValue says that 2020 is shaping up to be an exceptionally weak year for tanker, bulker and containership orders, reports...
- Global shipyards face crisis with receding box ship orders
WITH global demand expected to contract by some 10 per cent this year, due to the impact of the pandemic, blanked sailings are likely to be...
- Hong Kong's Q2 GDP shrinks 9pc amid the coronavirus outbreak
PROVISIONAL statistics released by the Hong Kong government show that the city's economy contracted 9 per cent in the second quarter, making it...
- DP World H1 box volume dips 5pc due to Covid-19
DUBAI's DP World, one of the world's largest operators of ports with locations in more than 50 countries, handled 33
- Airfreight rates tick up as passenger-freighters depart from the market
Airfreight rates have increased after the declines of the past weeks, with forwarders reporting further increases on the way
- Box ship demolition increases, but scrap prices have fallen 25pc this year
CONTAINERSHIP demolition sales have picked up, but scrap prices have fallen 25 per cent this year, reports London's Loadstar
- Cathay Pacific anticipates historic loss of US$1.28 billion due to virus
HONG Kong's flag carrier Cathay Pacific says it expects to incur a substantial loss of HKD9