A.P. Møller – Mærsk A/S (Maersk) has raised financial expectations for its second quarter of 2022 as higher freight rates lingered due to continued congestion across the global supply chain. Port congestion…
Import and export ocean shipment volumes at Chinese ports have bounced back over the past weeks as COVID-19 lockdowns have eased. Volume at the Port of Shanghai has increased since mid-May, with the 14-day average ocean…
Danaos Corporation (Danaos) has reported strong unaudited results for the second quarter and first half of the year, more than doubling its quarterly adjusted net income compared with a year ago. The adjusted net income…
Hundreds of small-business truckers who use CoreFund Capital to factor their accounts receivable are struggling to stay afloat after the Weatherford, Texas-based company abruptly closed its doors 10 days ago and fired…
Port congestion globally is continuing to be exacerbated by a dangerous mix of labour shortages through strikes and inland logistics capacity. According to new data provided by project44, in Europe, German and Dutch…
Yilport Holding’s container terminals handled 3.4 million TEU in the first half of 2022, a massive 36 per cent growth on 2021 figures. The 3,412,604 TEU handled globally is as a result of new services such as those in…
ZIM Integrated Shipping Services Ltd. (ZIM) has closed a near $5 million Series B financing round in Sodyo Ltd. (Sodyo) to bolster the use of smart solutions across the supply chain. Sodyo develops scanning technology to…
South Africa’s Transnet National Ports Authority (TNPA) has announced a Request for Information (RFI), calling on private sector participants to submit project proposals for the introduction of a renewable energy…
Several major container ports on the US East Coast are experiencing elevated levels of congestion, but a few remain relatively free flowing and uncongested, according to new data from VesselsValue. Vivek Srivastava…
Staff at the Port of Felixstowe have voted in favour of strike action in a dispute over pay. Union Unite made the announcement on 28 July, where Unite members at Port of Felixstowe are responsible for all aspects of the…
Hapag-Lloyd posted earnings growth in the first half year of 2022, securing an Earnings Before Interest Taxes and Depreciation (EBITDA) of $10.9 billion. Group Earnings Before Interest and Taxes (EBIT) is around $9.9…
Fiscal Year 2022 was another record-breaker for the Georgia Ports Authority (GPA), with container volumes growing 8 per cent for a total of 5.76 million TEU. The Port of Savannah ended the year with a record June…
