Zim’s return to the black in Q2, the carrier’s first net profit since Q317, confirms a trend of container lines giving up their chase for market share in favour of profitability, according to analyst Lars Jensen.
“Zim has followed the …

The US trucking market has claimed two casualties inside 24 hours.
On Tuesday, HVH Transportation, a mid-sized firm with 344 tractor units and 324 drivers on its payroll, abruptly ceased operations.
The Denver-based firm, founded in the 1950s, had operated …

The decision by shipowners to invest in retrofitting their vessels with scrubber systems in order to comply with IMO 2020 appears to have been vindicated, according to Alphaliner.
The spread between the cost of heavy fuel oil (HFO), currently consumed …

Agility is to invest $18m in developing green supply chain technologies, following a pledge to reduce its greenhouse gas emissions (GHG).
The aim is to cut its 2016 levels of GHGs by 25% by 2025, with chairwoman Henadi Al-Saleh describing …

The summer brought peak demand season on transpacific tradelanes, lending some strength to a market that has been plagued by the ongoing US-China trade dispute.
Aided by the removal of some capacity on Asia eastbound lanes, this additional demand supported …

Ocean carriers are biting the bullet and agreeing charters for significantly higher daily rates as markets tighten ahead of IMO 2020.
The IMO’s maximum 0.5% sulphur content regulation for maritime fuel becomes law in less than 120 days and is …

Hessel Verhage could have hoped for a better start to his new role – whereas global trade was humming and the US economy on a roll 12 months ago, DB Schenker’s new CEO for the Americas region assumed his mantle …