SPOT container rates from Asia to Europe suffered their steepest slide in 13 weeks to northern Europe, and an 18-week record plunge to the Med in the week ending August 16 according to the Shanghai Containerised Freight Index.

SWISS forwarding giant Panalpina posted a 2016 consolidated profit that declined 40.7 per cent year on year to CHF52.3 million (US$51.7 million), drawn on revenues of CHF5.19 billion, which fell 11 per cent.

THE Port of Long Beach saw February box volumes tumble 11.2 per cent year over year to 498,311 TEU, which is said was driven down by reduced economic activity in Asia associated with the Lunar New Year.

THE Port of Hong Kong saw container throughput slide 5

BOEING stock fell to its lowest in four months when US-China trade tensions escalated and the editor of Beijing's Global Times warned that the company's aircraft sales would fall, reports Bloomberg