NEWS

Port of LA volume celebrations tainted by export decline as lines 'opt for empties'
Port of LA volume celebrations tainted by export decline as lines 'opt for empties'

US west coast port Los Angeles has reported a 27% year-on-year increase in the number of containers handled last month, closing its year at just under 11m teu.

Europe's airports and handlers 'ditching cargo' as passenger flights resume
Europe's airports and handlers 'ditching cargo' as passenger flights resume

Airlines are switching European airports as severe staff shortages keep freighters on the ground for hours, while others are having to fly before they are fully loaded.

Airfreight rates out of China rise as new Covid restrictions impact airports
Airfreight rates out of China rise as new Covid restrictions impact airports

Airfreight rates ex-China are soaring after Covid cases prompted the closure of Nanjing Airport.

Disaster-hit Ever Given and Maersk Essen pass each other safely at Felixstowe
Disaster-hit Ever Given and Maersk Essen pass each other safely at Felixstowe

Ships involved in two of container shipping’s worst accidents this year met in Felixstowe yesterday.

10 Major Ports In The Philippines
10 Major Ports In The Philippines

The Republic of the Philippines, located in South East Asia, is an archipelago of over 7,000 islands. Surrounded by prominent shipping routes and water bodies such as the Celebes Sea, South China Sea, and the Philippine Sea, it is a well-connected nation that has a large volume of ocean-going trade passing through it annually.

10 Major Ports In Morocco
10 Major Ports In Morocco

The Kingdom of Morocco is an African country located in the North-Western Maghreb region. It is blessed with large water bodies to the North and West that provide high-quality fish and produce.

Maersk Reports Stellar Revenue For Q2 2021
Maersk Reports Stellar Revenue For Q2 2021

A.P. Møller – Mærsk A/S (APMM) reports an unaudited revenue of USD 14.2bn, an underlying EBITDA of USD 5.1bn and an underlying EBIT of USD 4.1bn for Q2 2021. The strong quarterly performance is mainly driven by the continuation of the exceptional market situation with strong rebound in demand causing bottlenecks in the supply chains and equipment shortage. Volumes in Ocean increased by 15% and average freight rates improved 59% in Q2 2021 compared to previous year.


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