'Tariff madness' will prompt renegotiation of ocean shipping contracts
Today’s “absolutely nuts” container shipping market will spur contract renegotiations, as rates and minimum quantity ...
As container spot rates continue to wane and close in on contract rates two more ocean carriers have reported record first quarter earnings.
Taiwanese carrier Yang Ming posted a net profit for Q1 of $2.2bn, achieved from a 71% increase in revenue, compared to the first quarter of 2021, at $3.8bn.
And South Korean flagship carrier HMM saw Q1 net profit hit $2.4bn on revenue of $3.8bn, 103% higher year on year.
Yang Ming said: “The record results were driven by a higher level ...
Crew saved as MSC box ship, hit by 'monsoon' off Indian coast, sinks
MSC Elsa 3 sinking – now the 'blame game' begins
New services and reinstated blanked sailings boost transpacific capacity
After DSV 'cuts the cake' on Schenker acquisition, time for redundancies?
Congestion fear as US west coast ports brace for transpacific cargo surge
$2.1bn E2open purchase will 'catapult WiseTech into a different dimension'
News in Brief Podcast | Week 21 | GRIs and European port congestion
Houthis claim Red Sea safe for box ships not calling at port of Haifa
Shippers hold their breath as Trump appeals court ruling that tariffs are illegal
DHL expands agreement with Shopify – where does that leave Flexport?
Shippers brace for rate rise as smart phones expected to drive air cargo market
US importers stockpiling goods to avert autumn shortages amid tariff chaos
Comment on this article