OceanX: Zim, CMA and Hapag are eating Mærsk's market share
You win some, you lose some
Singapore box terminal operator PSA handled 81m teu last year across its global network, growth of 9.1%, with international volumes increasingly dominating its throughput profile.
Its flagship Singapore terminals saw growth of 8.9%, to reach 36.3m teu, while its international facilities handled 44.69m teu, an increase of 9.3%.
Group chief executive Tan Chong Meng said, “2018 was a dual-speed year. The slow but steady pace of global container trade growth continued, despite geo-political shifts and rising trade barriers.
“At the same time, there ...
European port congestion now at five-to-six days, and getting worse
Keep our news independent, by supporting The Loadstar
'Cargo collision' expected as transpacific capacity tightens and rates rise
Houthis declare blockade of port of Haifa – 'vessels calling will be targets'
Another CMA CGM vessel heading for Suez Canal – 'to mitigate schedule delay'
Ocean rates rise after tariff pause acts as 'starting gun' for more front-loading
News in Brief Podcast | Week 20 | 90-day countdown, India and Pakistan
Navigating supply chain trends in 2025: efficiency, visibility, and adaptability
Demand for transpac airfreight capacity returning – but 'it's not ecommerce-driven'
CMA CGM will carry on investing after 'solid' Q1, despite unclear outlook
Air cargo forwarders stick to spot rates – a long-term contract would be 'foolish'
Yang Ming chief announces rethink on ordering 'megamax' box ships
Comment on this article