The first glimpse of how carriers performed in Q2 is provided by the operational results for OOCL: a surge in revenue but a decline in cargo carried, in spite of higher fuel costs. OOCL’s revenue surged 52.4% on the same period last year to a new high of $5.3bn, despite a 5.6% decline in lift...

Mr Girardin currently is an SVP at CMA CGM, responsible for shortsea lines in Europe and will succeed Peder Gellert Pedersen, who will retire after 28 years with DFDS. “I am delighted to welcome Mathieu, who brings a great mix of operational and corporate capabilities to DFDS’s continued growth ...

Rewind 10sPausePlayForward 10s% buffered00:0000:0000:00UnmuteMuteExit fullscreenEnter fullscreen Play Episode in more detail Why there is a precedent for today’s macroeconomic situation (3.01) Where next for global box volumes (4.28) What happens in peak season (...

The agreement is for the Pacific trades from China to US and Mexican Pacific ports, with the Hong Kong carrier chartering space “as needed, as available”. According to Alphaliner, Transfar, a subsidiary of online retailer Alibaba, currently operates six ships on the Pacific trade, but only three...

They will resort to finding unique selling points, which could see them turn to track and trace solutions. Recently, Hapag-Lloyd began to fit tracking and telemetry to its containers, stealing a march on its competitors and starting “a train that will not stop” among carriers, according to some ...

Last Thursday, SM Line purchased another 3.77m of HMM’s shares for KRW100bn ($76.6m), taking the Samra Midas (SM) group’s stake to 6.29%. Other SM companies, such as Korea Shipping Corporation, Korea Line Corporation (KLC) and STX Construction, as well as group chairman Woo Oh-hyun, acquired HMM...

An analysis by Alphaliner reveals Israeli carrier Zim had the most aggressive growth, at 16.8%, followed by Evergreen with 5.2% and MSC’s 4.2%. At the other end of the table, ONE recorded negative growth, with capacity falling 1.2% during the period, followed by Cosco at -1% and Maersk and HMM wit...

From October, UK imports will run through the new Customs Declaration Service (CDS), as HMRC terminates support for the Customs Handling Imports and Exports Freight Platform (CHIEF). However, last month the government had to write to more than 200,000 traders urging them to make the switch before th...

Shippers at Tiaca’s regional symposium in Amsterdam last week claimed a one-stop shop would make it easier for them to switch services when problems arise. “Box lines have bought forwarders, terminal operators, planes and airlines,” said Denis Choumert, chair of the European Shippers’ Counci...

However, the average is skewed by huge D&D fees imposed on shippers in the US. Demurrage & Detention Benchmark 2022, published today, compares D&D rates charged to shippers by the eight top-ranked shipping lines at 60 of the world’s biggest container ports. Container xChange collected ...