Merged Japanese container carrier Ocean Network Express (ONE) has posted a $105m net profit for full-year 2019 after post-merger synergies improved its bottom line.
It represented a massive reversal of fortunes for a carrier which posted a $586m loss in …
What Covid-19 has done to our industry is in certain ways unprecedented, but it seems that the lessons of prior crises have been forgotten completely as airlines and airports struggle to understand what to do. Opportunism, and in some cases …
Like a footballer returning from a potentially career-ending injury who appears unable to commit to a tackle, the spectre of Hanjin continues to haunt the South Korean shipping industry – it is hard to overstate just how traumatic many found …
Someone’s been spilling the beans in Hong Kong this week when they told a Bloomberg reporter that state-owned China Merchants Group (CMG) has been thinking it would be a neat idea to take its port operating subsidiary private.
China Merchants …
This was released today (emphasis in bold added):
Ardent, a leading Emergency Management & Wreck Removal company, will no longer enter into new contracts from May 2020 on.
Since its inception 5 years ago Ardent has completed over 300 contracts …
SEEKING ALPHA reports:
Amazon (NASDAQ:AMZN) is cooling off just a bit after running to a new high today. The e-commerce giant’s estimate of ~$4.0B of COVID-19 costs in Q2 appears to be drawing notice.
Total revenue in North America in …
DSV Panalpina today said more than 3,000 employees could lose their jobs as a result of business lost to the coronavirus outbreak.
“This is not something we do lightly,” said chief executive Jens Bjørn Andersen, “but over 3,000 good, loyal …
