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,...
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Carriers opt for Cape route as cheaper oil and recession bites - 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...
- 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 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...
- Maersk levies US$50-$200/TEU surcharges for costly UN mandated fuel
MAERSK Line is to impose a fuel surcharge of US$50 to $200 per TEU to cope with the extra cost of very low sulphur fuel required from January 1 by...
- Ex-Martin air cargo vice president extradited to US court in Atlanta
EX-MARTINAIR vice president Maria Christina 'Meta' Ulling, 65, has appeared in federal court in Atlanta following her extradition from Italy...
- Shipping industry needs to responsibly protect environment
IMO 2020 is a necessary but unwelcome burden for container shipping stakeholders, according to shipper representatives
- Ex Martinair executive extradited to US on price fixing charges
FUGITIVE former Martinair executive, who's been on the run for ten years, has been extradited to the US to face charges related to cargo price...
- Tighter capacity drives up container spot rates on major trade lanes
ASIA to Europe and the US spot rates surged in the final weeks of last year, on the back of tightening supply and low sulphur surcharges to comply...
- IMO 2020 to push up box ship fuel bill hike of US$12-20b
AGAINST a market backdrop of weakening demand growth and mounting operational costs, trade wars and fuel surcharges are set to dominate container...
- Carrier groups consider US$2/ton fuel tax to fund emissions R&D
SHIPPING associations representing 90 per cent of the world's merchant fleet have proposed a mandatory global tax of US$2 on every tonne of...
- Box shipping ends year on a high with contracted rates up
XENETA says that the year has ended on a high note for container shipping lines despite the lack of sulphur surcharge transparency stoking market...
- 'UN sulphur fuel rule disproportionately hurts African shipping'
THE impoverished shipping sector of Africa will be hit disproportionally hard by the imposition of the United Nations costly very low sulphur fuel...
- Shippers are bewildered by inconsistency of IMO 2020 surcharges
SHIPPERS are up in arms that low sulphur IMO 2020 fuel surcharges introduced by shipping lines vary so widely