The carrier reaffirmed its full-year guidance of an adjusted ebit of $6.3bn, to $6.7bn. “We feel confident in our ability to develop quarter after quarter of profit,” Zim CFO Xavier Destriau told investors at yesterday’s Q2 earnings call. Revenue for the period was $3.4bn, from a 7% year-on-ye...

Delhi is also looking to boost its logistics capabilities by developing inland navigation, following a government-level consultation between policymakers in New Delhi on Monday. “The Container Corporation of India (Concor) will be working closely with the Ministry of Ports, Shipping & Wat...

The significant increase comes from DFDS’s unaccompanied freight service linking France and Medway – with vessels carrying more than 200 containers in some instances – and it follows a 30% uptick between April and June. Several sources said the performance was “undoubtedly” driven by deman...

According to Rafael Llerena, CEO of 3PL EasyFresh, reefer freight rates have remained high despite an apparent tail-off in demand on other trades. He told Logistic-News: “Reefer rates have held up not only because of the higher trade leg demand, compared with dry cargo, but also as a result of a sh...

Moreover, the consultant suggests, a “two-tier market” may be developing between the contract-focused carriers and those that tap the short-term and spot markets for their liftings. As the European Commission begins its review of the liner Consortia Block Exemption Regulation, to decide if it sh...

So far, the strategy of the 2M and Ocean alliances, for example, has been to either advance the Felixstowe call in their vessel rotations, or delay it until after the last day of the stoppage, 29 August. However, with no more meetings planned between the port management and Unite union negotiators, ...

The Liverpool and Felixstowe dockers are members of the Unite union, and a ballot of port engineer members is also under way and set to close on 24 August. Unite said: “More than 500 port operatives will strike over an inadequate 7% pay offer,” calling it “a real-terms pay cut”. The ballot o...

The ban was imposed in June, nine days after a deadly fire at a container depot in Chittagong, and brought Bangladesh’s $22m hydrogen peroxide export business to a halt. Singapore is Bangladesh’s main transhipment port for the chemical. PSA lifted restrictions after the inventory level for hydro...

He appears to be reversing his previous opinion that it was not the right time for the state to sell its HMM shares, and has told President Yoon Suk-yeol that the company has regained its footing and the state should not wait. Including convertible bonds, the state’s interest in HMM, held through ...

The backing by the Israeli ocean carrier in the financing first round of compatriot Hoopo Systems takes its funding in supply chain management systems since June to a significant $16.5m, as it looks at positioning itself as a leading carrier of choice after freight rates are more normalised. Zim’s...