Maersk has followed Hapag-Lloyd in upgrading its profit outlook again, as the hopes of shippers for any early return to some form of normalisation are dashed by port congestion and intermodal bottlenecks on the world’s tradelanes. Maersk’s Q2 revenue was $21.7bn, compared with Q1 turnover of $19...

The British Port Association’s director of policy and external affairs, Mark Simmonds, said that during the development of now-scrapped border control posts (BCPs), it had been “difficult” to get answers from government on how to proceed. “Officials obviously had a very difficult task and we...

At the Cainiao Open Week forum last week, CEO Wan Lin said: “After so many years, the whole logistics business, including express deliveries, have matured.” Cainiao ships more than four million parcels a day from China, ten-fold growth on 2014, but still lagging behind other e-commerce groups �...

The development will establish ‘a body with teeth’ to enforce the OSRA 22 initiative signed into law by President Biden in June. The Bureau will comprise an Office of Enforcement, Office of Investigations and an Office of Compliance. An attorney in the senior executive service, with regulat...

It is perhaps a further sign that container lines may have enjoyed their best-ever quarter, but that demand has peaked. Compared with the same period of 2021, ONE’s revenue was up 56%, to $9bn, from liftings of 2,939,000 teu, down 5% on the previous year, for an average rate of $3,069 per teu. Riv...

Meanwhile, the latest data shows China’s factory activity shrank in July, owing to “insufficient market demand”. In its July Asia-Pacific report, Maersk said the Russian invasion of Ukraine and a “broader weakening of demand” was weighing down the long-term outlook for the global economy. ...

(Explainer: according to Lloyd’s Register: “The EEXI is a carbon design/technical efficiency indicator which is applicable to most in-service vessels over 400 gross tonnes (GT) and operating internationally. The CII is an in-service/operational efficiency indicator which measures a vessel’s ca...

According to Taiwanese forwarder Team Global Logistics (TGL), reduced consumer spending is “dragging down” ocean and air freight demand, leading customers to assume transit times would improve. “However, they have shown no sign of decreasing, because gridlocks are happening, not only at [US] p...

Moreover, the risk of further disruption to carrier networks as they attempt to navigate heightened congestion at North European hub ports is likely to slow the decline in container spot rates on the tradelane, despite weakening demand. However, nearly half of shippers no longer feel confident of th...

Singapore’s Global Centre for Maritime Decarbonisation (GCMD) has launched an $18m supply chain integrity project after fears that some biofuels are leading to deforestation and worse impacts on the environment. As the world bunkering capital, the involvement of Singapore in clarifying the biofuel...