Shippers using Europe’s inland waterways are facing “phenomenal” surcharges and the prospect of cargo going undelivered, as barge operators contend with low water levels.
On Friday, Contargo announced €175 ($203) and €225 ($261) surcharges for 20ft and 40ft containers, respectively, …
Perishables shippers are being left high and dry by shipping lines opting to carry general cargo in unplugged reefers, increasing equipment shortages.
And, according to Drewry, reefer freight rates increased again in Q3, with the analyst expecting a similar acceleration …
To the bits that matter straightaway: emphasis in bold added below to the (advertising) material sourced from AP Møller-Mærsk (APMM), which (incidentally!) announced Q3 2021 results today.
“As a natural next step in expanding our multi logistics offering we today …
PRESS RELEASE
Highlights
– Third quarter revenue of $2.0 billion, up 24.6% from the third quarter 2020, net income of $72 million, and adjusted EBITDA of $163 million
– Generated $105 million of cash flow from operating activities and free …
The Loadstar’s coverage of COP26 is sponsored by Evergreen Line: leading the development of a sustainable global container transportation system
International Maritime Organization (IMO) secretary general Kitack Lim believes a successful COP26 in Glasgow this week will help drive …
With stock market-listed ocean carriers reporting even better-than-expected profits for the third quarter, their executive boards are being forced yet again to upgrade full-year earnings forecasts.
A third of the way through the final quarter, carrier profits are trending even …
China Merchants Energy Shipping (CMES) said on Friday it would enter the container segment by fully acquiring its affiliate, Sinotrans Container Lines (Sinolines), for $316m.
CMES, the second-largest Chinese state-controlled shipping group after China Cosco Shipping Corporation, is currently active …
