NEWS

ICTSI reports over US$1.6 billion revenue, surpasses US$500 million profit
ICTSI reports over US$1.6 billion revenue, surpasses US$500 million profit

International Container Terminal Services, Inc. (ICTSI) reported unaudited consolidated financial results for the nine months of 2022 posting revenue from port operations of US$1.64 billion, an increase of 20% compared to what was reported for the same period in 2021.

Is it time for container spot rates to arrest their fall?
Is it time for container spot rates to arrest their fall?

It has been a norm for the Global Container Spot Rate Indices to have weekly falls in rates, one after the other, ever since February 2022.

ZIM opens fully-owned agency in New Zealand
ZIM opens fully-owned agency in New Zealand

The Israeli shipping company ZIM has announced the opening of a fully-owned agency in New Zealand, replacing the current third-party agent.

China ports boost container throughput: Shanghai remains on top, smallers hubs achieve double-digit growth
China ports boost container throughput: Shanghai remains on top, smallers hubs achieve double-digit growth

Chinese container ports have achieved a 4% increase in their container volumes during the first nine months of the year, compared with the same period in 2021.

PIL introduces intermodal solutions
PIL introduces intermodal solutions

Pacific International Lines (PIL) has introduced the PIL Intermodal Services, which offers train, truck and barge services across the company's network in Intra-Asia, Africa, Middle East, Latin America and Oceania.

Maersk stretches cargo airline wings with inaugural US-Korea flight
Maersk stretches cargo airline wings with inaugural US-Korea flight

A.P. Moller - Maersk announced the inaugural flight of Maersk Air Cargo´s new air freight service with scheduled flights between Greenville-Spartanburg, South Carolina (GSP) and Incheon, Korea (ICN).

CMA CGM secures its move to larger terminal in Yokohama port
CMA CGM secures its move to larger terminal in Yokohama port

On 26 October, CMA CGM Group and Yokohama Kawasaki International Port Corporation (YKIP) signed a reservation agreement for the Honmokufuto D5 container terminal at the Port of Yokohama in Japan.

Vessel utilisation remains low, reports Sea-Intelligence
Vessel utilisation remains low, reports Sea-Intelligence

Danish shipping data analysis company Sea-Intelligence reports that global demand continues to decline, and whether we calculate the growth in TEU*Miles or as an annualised percentage over 2019, the supply/demand balance is under pressure.


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