REEFER markets are more resilient in the Covid crisis and general slowdown than other cargo types, says New Jersey's SeaCube Containers vice...
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High demand for vaccine expected to boost ocean carriers - China's September soybean imports from Brazil increase 51pc
CHINA's imports of soybeans from Brazil soared 51
- Kuehne + Nagel Q3 profit up 24pc to US$293m on the back of revenue slide
SWISS-BASED forwarder Kuehne + Nagel posted a net profit of US$293 million in the third quarter, an increase of 24 per cent compared to the same...
- LA-LB congestion, a headache for US importers as seasonal stock pours in
US retailers are concerned about delays to their holiday merchandise as record import volumes are straining the west coast gateways, in particular...
- Oakland port has best September ever for import volume with a spike of 11pc
THE Port of Oakland handled a total of 93,916 TEU of imports last month, surpassing the 2019 record by 10
- Valenciaport's box volume continues to grow for the fifth month in a row
THE Spanish port of Valenciaport has announced the handling of close to half a million TEU in September, as the port continues its fifth month in...
- Cathay Pacific axes 8,500 jobs and shuts down Cathay Dragon
HONG Kong's flag carrier Cathay Pacific has confirmed that it will cut 8,500 jobs across the entire group, including 5,300 local staff and 600...
- Record Q3 container volume of 2.7m TEU at the Port of Los Angeles
CONTAINER throughput at the Port of Los Angeles hit an all-time high in the third quarter and showed few signs of slowing as year-end holiday...
- Textile companies in India to gain from US-China trade war
THE US-issued Withhold Release Order on cotton and apparel imports from specific producers in the Xinjiang Uygur Autonomous Region, which may...
- Canada-China trade up 6.9pc while trade with US shinks 17pc this year
CHINA's share of Canadian trade has risen to record levels, as exports and imports with China represented 6
- Boeing plans a quiet comeback for 737 Max as grounding nears end
BOEING Co is planning a comeback for the 737 Max, the grounded jetliner that has spent almost two years in controversy and tragedy after two fatal...
- Global container ship companies cash in on higher rates: Fitch
NEW York-headquartered ratings agency Fitch Ratings says the recent increase in spot container freight rates, driven by shipping companies'...
- Hapag-Lloyd's CE warns of longer-term Covid-19 impact on global economy
GERMAN container shipping firm Hapag-Lloyd is benefitting from a rebound in transport demand but its chief executive, Rolf Habben Jansen, warned...
- China's exports up 10pc as trade growth accelerates in September
CHINA's exports increased year on year by 9
- South Carolina Ports September volumes show signs of new strength
THE South Carolina Ports Authority's September volumes reflect the strongest year-on-year activity since the Covid crisis hit, showing a...
- Charter rates soar with old panamaxes fetching top dollar
CONTAINERSHIP charter rates continue to soar against a backdrop of tight supply across most sectors, reports London's Loadstar
- US August imports hit all time high as recovery strengthens
US IMPORTS reached all-time highs as retail sales bounced back from the Covid crisis as stores stocked up for Christmas sales, according to Global...
- Iran suffers 40.6pc China trade decline to US$9.8 billion
IRAN's commercial exchanges with its biggest trading partner, China, hit US$9
- International air freight volumes continue to fall, says IATA
AIR FREIGHT volumes fell nearly 13 per cent worldwide in August compared to last year reports the International Air Transport Association (IATA),...
- Ups and downs of Russian box traffic as Arctic volumes increase
TOTAL container throughput of all the Russian sea ports during January-August 2020 amounted to 3