This week KOBC launched a special support programme. KOBC president Kim Yang-soo said: “Our efforts at broadening the scope of support are paying off. “HMM’s finances turned to black in 2020. So we are diversifying our business to strengthen support for small and medium-sized shipping companie...

Huge stacks of empty containers and hundreds of frustrated export boxes have built up at the major North European hubs as carriers blanked a third of their advertised sailings during the recent two-month Shanghai lockdowns. Moreover, the ports have used much of their off-dock overflow capacity for t...

Mr Harrison,  previously head of the terminal operator’s Belgium business, acknowledged that two-to-three-day waits had been normal along the inland waterways servicing Antwerp and Rotterdam. He told Logistic-News: “What we’re trying to offer to combat this is synchromodality, where we don...

British Ports Association (BPA) CEO Richard Ballantyne said leaving these “white elephant” facilities vacant was wasting ports’ money and impeding their ability to recoup the costs involved in building infrastructure for SPS controls that were abandoned last month. “The BPA is not only argui...

Hapag-Lloyd CFO Mark Frese said this month he expected a “strong reduction” in spot rates in the third quarter, with, in some instances, short-term rates falling back below contract rates. “Although there are regional differences, the trend is the same; we are seeing a softening of spot rates ...

Flush with cash after record $16.76bn profits in FY2021, the Japanese shipping giant has contracted Hyundai Heavy Industries (HHI) and Nihon Shipyard to construct five vessels each, with delivery due in 2025. Hedging its bets, in terms of which e-fuel reaches critical mass first, ONE is maintaining ...

Mr Cheng had earlier announced that Yang Ming had achieved a net profit of $2.12bn in Q1 22, with a margin of 57%, the second-highest among Taiwan’s three major liner operators. Yang Ming’s net profit margin was two percentage points lower than Evergreen, which had a net profit of $3.54bn. ...

The debate around global warming and maritime’s role in avoiding the catastrophic consequences of global warming is about to heat up, if you’ll pardon the pun. But the seriousness of the discussion cannot be avoided. It is a do or die moment for all life on the planet, a man-made crisis that is ...

The sea-route connection began with the MV Hope Seven – a barge owned by Hansa Shipping – which berthed at BMCT on Thursday. “The weekly service between Goa and PSA Mumbai shall benefit the trade and facilitate exim [export-import] movement from/to Goa globally, thus amplifying transhipment vo...

One service, via the Caspian Sea, involves railing cargo from locations in China to the Kazakh port of Aktau. From there, the cargo will be shipped across the Caspian Sea to Baku, Azerbaijan, where the goods are railed to Istanbul. The final leg will see the cargo railed or trucked to European desti...