Hapag-Lloyd has posted a net profit of $1.45bn for the first quarter of the year, compared with just $27m for the same period of last year.
But it said it could have done even better, but for vessel and box …

Red hot demand for freighters is prompting major players to step up conversion programmes.
Boeing is expanding capacity to turn out 737-800 freighters, while Israel Aerospace Industries (IAI) has announced a new site for 777 conversions.
The US plane maker …

As import and export demand surges, Maersk has expanded its warehousing footprint in Vietnam.
The company has opened two new contract logistics facilities in Binh Duong, 25km from Ho Chi Minh City, and a third in Bac Ninh, close to …

Following the release of Q1 21 numbers today by Hapag-Lloyd, a very humble CEO, Rolf Habben Jansen, said in his prepared remarks that:
“While we remain optimistic for 2021 as a whole, the ramifications of the COVID-19 pandemic and the …

“Kuehne+Nagel has completed the acquisition of Apex International Corporation, following the satisfaction of all closing conditions (…).” – Kuehne+Nagel (K+N), 12 May 2021.
Oh, now mid-way through Q2 21, that was reeeaaallly fast if gauged against soft guidance that suggested …

The number of container rollovers at major box ports continued to climb last month, affecting some 39% of all shipments, according to new data from supply chain visibility provider Project44.
“Carriers have been watching their rollover rates increase for over …

The catastrophic rise of Covid cases in India has reignited the ships’ crew-change crisis, prompting fears it could become “worse than Suez”.
Last week, the port of Singapore banned vessels changing crew who had been in India within the past …