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28 02, 2020

 Coronavirus causes 2 million teu of inactive container tonnage

2020-02-28T10:36:49+01:00

New numbers surpasses 2009 record The coronavirus has set a new record for the amount of inactive container tonnage around the world, smashing the huge volumes of idled boxships [...]

 Coronavirus causes 2 million teu of inactive container tonnage2020-02-28T10:36:49+01:00
25 02, 2020

Carriers pull 1.67m teu of capacity over Chinese New Year, Corona

2020-02-19T17:42:30+01:00

Collected revenue loss exceeds $1.5bn Ocean carriers have withdrawn more than 1.67m teu of export capacity from China since the lunar new year holiday, according to an Alphaliner survey. [...]

Carriers pull 1.67m teu of capacity over Chinese New Year, Corona2020-02-19T17:42:30+01:00
24 02, 2020

Higher freight rates and cost cutting push Hapag-Lloyd’s 2019 profits to 811 million euro

2020-02-19T17:11:50+01:00

Hamburg-based shipping line reports year-on-year profit raise of 80% FRANKFURT (Reuters) - German container shipping line Hapag-Lloyd (HLAG.DE) raised its 2019 operating profit by 80% to 811 million euro [...]

Higher freight rates and cost cutting push Hapag-Lloyd’s 2019 profits to 811 million euro2020-02-19T17:11:50+01:00
21 02, 2020

Singapore Airlines reports 10.9 % increase for Q3 2019

2020-02-19T10:17:18+01:00

Group remains hopeful about the future thanks to transformation program A better performance by associates and joint ventures (JVs) led Singapore Airlines (SIA) to post a 10.9 % increase [...]

Singapore Airlines reports 10.9 % increase for Q3 20192020-02-19T10:17:18+01:00
20 02, 2020

January shows declined global air freight after strong Q4 2019

2020-02-19T09:35:42+01:00

Coronavirus dashes hopes of 2020 revival Both the tonnage handled at major international cargo hubs and the total tonne kilometres moved on principal routes track the business cycle closely, [...]

January shows declined global air freight after strong Q4 20192020-02-19T09:35:42+01:00
19 02, 2020

Hyundai Merchant Marine report rise in sales for 2019

2020-02-17T15:59:05+01:00

Korean Shipping company manages to narrow net losses Hyundai Merchant Marine, South Korea's biggest shipping company by sales, said Thursday that its net losses narrowed in 2019 from a [...]

Hyundai Merchant Marine report rise in sales for 20192020-02-17T15:59:05+01:00
18 02, 2020

Pacific International Lines withdraws transpacific services

2020-02-17T15:29:02+01:00

Singaporean shipping line to focus on other regions Singapore’s shipping company Pacific International Lines (PIL) has decided to withdraw its services from the Transpacific market in an effort “to [...]

Pacific International Lines withdraws transpacific services2020-02-17T15:29:02+01:00