CSX lays off 166 management staff and furloughs 193 conductors as part of cost-cutting measures amid financial pressures, reports FreightWaves.

An increased iron ore demand has triggered this latest dry bulk rally, which could get yet another boost during next week, when China is expected to return to the global market. According to this week's report from shipbroker Intermodal, "the surge in iron ore trade has translated into a massive boost in daily earnings for capes; with the demand for such vessels skyrocketing

South Korean shipbuilders, led by Hyundai Heavy Industries Co., are racking up massive orders this year, but their profitability is unlikely to see a sharp upturn any time soon due to lower ship prices and an unfavorable payment method, analysts said Monday.

FINNAIR Group's revenue in the first half of 2020 was mainly driven by cargo-only operations, as Covid-19 pandemic grounded the airline's passenger operations to a near halt

BOX Ships Inc, an Athens, Greece-based international shipping company specialising in the transportation of containers, has announced fourth quarter, ended December 31, 2013, net income rose to US$3.016 million, up from $2.87 million for the same quarter a year earlier.

MALAYSIA's Westports Holdings Bhd saw first quarter net profit rise 13 per cent year on year to MYR139

FALLING demand on tradelanes between Europe and Asia dragged down Lufthansa Cargo's first-half adjusted earnings before interest and taxes (EBIT) for the company's logistics segment to EUR15 million (US

Global Maritime News & Shipping Industry Updates

CANADIAN National Railway (CN) achieved second-quarter revenue growth of nine per cent year on year to stand at CAD3

South Korea's major shipbuilders, led by Hyundai Heavy Industries Co., are witnessing their earnings improve sharply