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Trans-Pacific container spot rates moved higher for a second week while Asia-Europe rates continued to retreat, as stronger-than-expected U.S. import demand and carrier capacity management increasingly separate the two major east-west markets.
Drewry's World Container Index rose 1 percent to US$4,339 per 40-foot container for the week of Aug. 13, driven by increases on the Trans-Pacific.
Drewry's Shanghai-Los Angeles rate increased 6 percent to US$6,244 per 40-foot container, while Shanghai-New York jumped ...
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A.P. Moller-Maersk sharply raised its full-year earnings outlook after stronger freight rates, growing container volumes and widespread supply chain disruption helped drive a more than fourfold increase in second-quarter Ocean operating profit.
Maersk reported second-quarter revenue of US$15.8 billion, up 20 percent from US$13.1 billion a ...
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CMA CGM will increase its Panama Canal surcharge on Far East cargo moving to the U.S. East and Gulf coasts as reduced vessel drafts limit the amount of cargo ships can carry through the waterway.
The carrier’s Panama Canal Adjustment Factor will rise to US$500 per ...
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Einride and DAF Trucks are partnering to integrate autonomous-driving technology into DAF electric trucks, moving the companies toward eventual commercial deployment of SAE Level 4 autonomous electric freight vehicles.
The companies will initially work with Dutch research institute TNO to define and test integration of Einride's ...
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NYK Line reported sharply higher first-quarter revenue and profit and raised its full-year forecast as stronger dry bulk and energy markets offset weaker earnings in container shipping, automotive transportation and logistics.
For the three months ended June 30, revenue increased 21.1 percent year over year to ...
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The market outlook for multipurpose (MPV) and heavy-lift shipping strengthened sharply in the third quarter, with One World Shipbroker’s latest Market Sentiment Index (MSI) climbing to 54.7, its highest level since the post-pandemic container shipping boom of 2022.
The quarterly survey led by Justin Archard, attributes ...
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Mitsui O.S.K. Lines (MOL) has sharply raised its earnings outlook for fiscal 2026, citing stronger-than-expected market conditions in its dry bulk, energy and chemical logistics businesses, along with improved performance at Ocean Network Express (ONE).
For the fiscal year ending March 31, 2027, MOL now expects ...
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Matson reported sharply higher second-quarter earnings and raised its full-year outlook as stronger China service demand and freight rates more than offset softer volumes in Hawaii and Alaska.
Net income rose to US$129.4 million from US$94.7 million a year earlier. Revenue increased 16.7 percent to US$969.4 ...
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Kawasaki Kisen Kaisha (K Line) reported higher first-quarter revenue and ordinary income as strong dry bulk and energy shipping markets offset weaker profitability in its product logistics business, where longer voyages, higher fuel costs and softer earnings from Ocean Network Express (ONE) weighed on results.
For ...
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Dirty tanker exports from Russian ports in the Black Sea and Sea of Azov fell 62 percent during the last two weeks of July, highlighting the growing impact of Ukraine's maritime drone campaign on regional oil exports.
According to BIMCO, loadings averaged 0.98 million barrels per ...
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