All the Marseille-based shipping group’s customers  in France, will benefit from a reduction of €750 per 40ft container, but in response to a Logistic-News question on whether it will follow suit for Danish customers, Maersk was clear. It said: “We believe in an open m...

In an earnings call, which showed how wide the Amazon business reaches, there was little of note for the transport and logistics industry. Of the $60bn spent on capital investments, some $15bn went on transport, but no further details were available. CFO Brian Olsavsky said: “For the second quarte...

The carrier says it now expects an ebit of between $17.5bn and $19.5bn for the 12 months, up from its forecast on 28 April of $12.5bn to $14.5bn – in turn an upgrade of $2.5bn on its previous guidance. Hapag-Lloyd reported a Q2 ebit of $5.1bn, compared with $1.9bn for the same period of 2021, on c...

This has dealt another blow to Incheon port after Pacific International Lines pulled its SWS service, which linked Incheon to West Africa, at the end of June. This was attributed to a decline in shipments of used cars from South Korea. In the first four months of the year, Incheon, South Korea’s t...

Surpassing the million teu mark for the first time, Gateway reported a 10% increase in volumes as it bettered its previous half-year performance to continue a pattern of surging growth – having recorded a 15% upturn for full-year 2021 after 23% growth in H1 21. UK CEO of DP World Ernst Schulze sai...

DB Schenker reported today that volumes in the first half had shrunk by 5.4% in air, 3.4% in sea and 5.5% in land, year on year. Yet total sales increased 35%, to €14.1bn, adjusted ebitda rose 64%, to €1.48bn, and adjusted ebit went up 91.3%, to €1.18bn. The German forwarder, whose earnings ar...

Secretary general of the Global Shippers Forum James Hookham told Logistic-News he does not buy into the view that there is a trend towards de-globalisation, nor a specific shift away from the people’s republic. “There is this very colonial view that businesses in the west can snap their fin...

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Increasing numbers of Covid cases in Dongguan and Shenzhen have led authorities to reduce cross-border truck movements with Hong Kong, from 3,500 to 1,500 a day until further notice, according to Dimerco. The forwarder added: “This reduces capacity to just 10% to 20% of normal [levels] and is expe...

However, extended dwell times meant yard density and terminal congestion increased significantly. Ocean carriers initially dealt with chronic congestion by skipping calls and overlanding containers at smaller ports, but the transhipment relay operations have aggravated terminal congestion at the des...