OOCL increased carryings by 6.9%, year on year, in the third quarter, to 1.7m teu, while improving turnover by 7%, to $1.56bn.
However, the carrier experienced sharply contrasting fortunes on its transpacific and Asia-Europe tradelanes.
The quarterly operational numbers from …

Automotive shipping is still on the up, having hit a low point in 2016, further gains are expected, thanks to improving utilisation levels, according to Drewry.
Shipping of finished vehicles grew 6% last year, but there has been a dearth …

Judging by the interims of Kuehne + Nagel, Panalpina and DSV released this month, the biggest loser in the third quarter was the ocean freight trade.
Seasonality is not the culprit, rather we can blame supply chain affairs that give …

FRANKFURT, TAC Index provides the most accurate, timely air cargo Settlement Price information. Details of the product were presented at the Aircargo Club Deutchland (“ACD”) earlier this week in Frankfurt.
By cleaning data using statistical filtering techniques, TAC Index can …

In a solid trading update, DSV today announced third-quarter profits up 33% to Dkr1.1bn ($167m) on the back of revenue up 8% to Dkr20.2bn.
Ebit before special items was Dkr4.1bn for the first nine months of 2018 against Dkr3.6bn for …

The Asia to North Europe component of the Shanghai Containerised Freight Index (SCFI) recorded a 4.7% uplift in spot rates this week to $761 per teu, underpinned by a raft of cancelled October headhaul sailings by carriers.
Compared with the …

After its busiest year so far, Cargologicair, the UK freighter carrier with the same owner as AirBridgeCargo (ABC), has taken a fourth 747 into its fleet.
The 747-400ERF, previously operated by ABC, Southern Air and Jade Cargo, is on an …