ONE banks $1 billion FY profit on Red Sea-linked boost in ocean rates
Ocean carrier reporting season is off and running and, as expected, the diversion of ships around southern Africa to avoid…
Hapag-Lloyd adds space guarantee fee for India-US loads amid sailing cuts
One forwarder that had a recent cargo sail from Mundra complained that loading was only confirmed subject to the additional…
Ex-Slync CEO Urban joins Chain.io board to bolster company’s growth
John Urban spent a year as chairman and CEO trying to salvage Slync, the logistics automation platform negatively impacted by…
Ocean carriers target growing China-Mexico trade with new express services
The launch of the new services comes amid an investment boom by Chinese companies in Mexico as part of wider…
East Coast ports grapple with ro/ro vessel diversions as Baltimore reopens
While Wallenius Wilhelmsen has signed a terminal expansion deal at Brunswick, it will not be leaving Baltimore, the ro/ro carrier…
Baltimore readying for return of Asia volumes as recovery takes shape: port CEO
Container lines, which normally operate six weekly services connecting to Baltimore, have begun accepting bookings for shipments to the port…
Soaring trans-Pacific spot rates add twist to last-minute service contract talks
The jump in spot rates comes as factories in China saw an increase in purchase orders in April while strong…
Red Sea rate effect spreads to other trade lanes as demand rises: Maersk CEO
While the carrier is seeing robust volume gains across its main trade lanes, the transits around southern Africa are absorbing…
US HHG imports await housing recovery after two-year tumble
Elevated mortgage rates and inflation continue to drag down new home construction and remodeling activity, two of the major drivers…
HMM plans for THE Alliance revamp with SM Lines trans-Pacific slot deal
The tie-up is part of a wider move by individual members of THE Alliance to broaden their respective networks and…