Ocean carriers have finally succeeded in lifting container spot rates on the key Asia-Europe and transpacific tradelanes.
Today’s Shanghai Containerised Freight Index (SCFI) shows a 19% uplift in spot rates from Asia to North Europe as carriers’ 1 November FAK …

Amid five straight months of government protests that have pushed Hong Kong into recession, the peak season has arrived for Cathay Pacific Cargo.
And Frank Yau, head of cargo sales Hong Kong said: “While the situation in Hong Kong remains …

The air freight perishables industry is bracing for what could be a difficult start to the Chilean export season next week.
Days of protests, strikes and civil unrest have plagued the once-stable country as Chileans demand an end to economic …

A new port community-type system that could transform competing container terminals in Panama into an integrated centralised information hub serving both the Atlantic and Pacific oceans is under development.
Delegates at this week’s TOC Americas Container Supply Chain event in …

Japanese carrier Ocean Network Express (ONE) almost hit its target for profitability in the second quarter of its fiscal year, which ended 30 September, posting a positive result of $121m.
Thus, after six months, ONE is in the black to …

Atlas Air is to pare back costs across the board following poor third-quarter results, as the share price fell 8% to just $22, half the level it was in July.
While it is pinning its hopes on the fourth quarter, …

The port of Duisburg is teaming up with Cosco Shipping Logistics to build Europe’s largest inland container terminal, as it looks to tap into “booming” Silk Road rail volumes.
However, the move follows claims that Chinese subsidies were turning the …