Asia-North Europe shippers are bracing for a wave of FAK rate increases and peak season surcharges this month as carriers look to capitalise on several weeks of fully booked ships.
The North Europe component of today’s Shanghai Containerized Freight Index …

Atlas Air has locked-in customers at high charter rates for the medium-to-long term, taking full advantage of extremely high air freight rates in the second quarter, and a lack of capacity.
Chief executive John Dietrich reported an “exceptional” quarter, driven …

New container port capacity will be scarce, on the back of the Covid-19 throughput fallout, according to Drewry.
As terminal operators around the world struggle for volumes amid blanked sailings, the analyst forecasts container port capacity expansion will; contract by …

If you’ve landed here, very possibly it’s because you read my previous coverage published yesterday and now you are eager to know a bit more about the investment cycle where top dollar investment is warranted for a 3PL.
Let’s continue …

Here comes the interim update of Atlas Air, which released Q2 ’20 numbers before the US markets opened today. The headline figures, unexpectedly, looked strong. Yet even better were underlying operating/investing/financing cash flows dynamics, and… “others”.
Top performer!
This chart …

The 2M Alliance has upgraded its fortnightly Asia-Europe sweeper service to weekly, as demand and freight rates continue to rise on the tradelane.
Dubbed The Griffin by MSC and simply “a sweeper” by Maersk, the inducement sailing was launched at …

Korean Air has bucked the global trend and made a profit in the second quarter, off the back of a 95% increase in cargo sales.
The carrier’s April to June operating profit was KRW148.5bn ($125m), with net profit of KRW162.4bn, …