Just halfway through the Q2 reporting period, some $650m of red ink has been reported by ocean carriers to add to their $1.2bn deficit for the first three months of the year.
To date, niche operator Wan Hai is the …

The angry rhetoric between China and the US and their tit-for-tat imposition of tariffs on a rising number of goods are showing early effects on trade flows.
Project cargo and consumer items, led by perishables, have been affected already and …

Hapag-Lloyd has become the first of the major container lines to launch an online rate quotation tool as the industry looks to further digitise processes.
Quick Quotes is now open to all customers after, what the carrier described as, a …

‘When it rains it pours’, I thought soon after reading that the Colombian navy, according toMaritime Denmark, had seized “1,144 packages that each contained 1 kg of pure cocaine (…) found onboard the containership Cap San Tainaro, owned by German …

UPS workers have rejected the latest labour contracts issued by the company as it looks to shore up a collective bargaining agreement. The Teamsters, which represents some 10,000 employees, rejected the move on the grounds that its members “deserve better”. …

HMM recorded a net loss of $215m in the second quarter, taking the South Korean ocean carrier’s deficit to a massive $371m at the half-year stage.
The restructured container line increased liftings by 17%, year on year, in Q2, to …

While data published last week showed that June’s air freight rates were depressed, it looks as if they are gently picking up again.
This morning the TAC Index showed that, while a number of routes in the past week had …