The the first half year 2018 net loss of Germany's Hapag-Lloyd is more than doubled to UER 100.9 million ($116 million) from EUR 42.7 million (USD 49 million) a year ago.The shipper attributed this loss to rising fuel costs and the slow recovery…
Taiwanese ocean carrier Yang Ming Marine Transport Corporation (Yang Ming) registered a net loss of NTD3.81 billion (USD 129.1 million) for Q2.However, the Q2 consolidated revenues total NTD33.6 billion (USD1.14 billion) was up 1.12% from the same period in the previous year…
The major ports in India have recorded a growth of 4.13% and together handled 231.48 Million Tonnes of cargo during the period April to July, 2018 as against 222.29 Million Tonnes handled during the corresponding period of previous year.During this period nine Major Ports - Kolkata (incl…
The Port of Long Beach reported it saw a decline in container volumes in July compared to the same month a year ago, which hit a historic high that has since been surpassed.The drop, 4.4 percent, was attributed to shipping alliances’ decisions in July to shift vessel deployment and port calls…
India has launched an investigation into subsidized production and export of welded stainless steel pipes and tubes from China and Vietnam, an official notification said.The Directorate General of Trade Remedies, which falls under the trade ministry…
Germany's exports to the United States in the first half of this year were worth 24.4 billion euros ($28.3 billion) more than its imports of U.S. goods, data from the Federal Statistics Office showed on Friday.The trade surplus was 100 million euros less than last year…
German shipping company Hapag-Lloyd said it accelerated cost cuts in the first half of 2018 to offset higher operational costs from fuel costs, charter rates and a slow recovery in freight rates.'We have implemented additional measures to recover…
Kalmar, part of Cargotec, has concluded a deal with Hamburger Hafen und Logistik AG (HHLA), the leading European port and transport logistics group, to supply a total of 10 new straddle carriers.This brings the total number of Kalmar straddle carriers ordered by HHLA in the last two years to 30…
Zim Integrated Shipping Services (ZIM) has announced the new Strategic Partnership Agreement with the 2M alliance, details of the new improved Asia - U.S. East Coast – Asia network that are now available.Nissim Yochai, ZIM EVP Trans Pacific Trade…
Diana Containerships announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hyundai Merchant Marine Co., Ltd., Seoul, for one of its Panamax container vessels, the m/v Pamina.The global shipping…
Brazil's President Michel Temer signed into law a bill authorizing the government to set minimum truck freight prices, drawing criticism from farm groups who said the measures would drive up costs for food.According to a decision published in the official gazette on Thursday…
Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hyundai Merchant Marine Co., Ltd., Seoul, for one of its Panamax container vessels, the m/v Pamina. The Pamina is a 5…
Shipping group Maersk said on Thursday 94 companies and organizations have so far joined a blockchain platform developed with IBM aimed at boosting efficiency and limiting the enormous paper trail of global container shipping.The industry has…
It's tempting to look at China's imports of major commodities in July and conclude that the strength is a sign that the escalating trade dispute with the United States isn't having much of an impact.While the first of the tit-for-tat tariffs came into effect in July…
The European Union said it was delivering on a deal with U.S. President Donald Trump to buy more U.S. liquefied natural gas (LNG) on Thursday but called on Washington to do more to make its prices competitive.In talks to urge Trump to drop hefty new tariffs last month…
