FREIGHT NEWS

Exports to EU require greater initiative
Exports to EU require greater initiative

More than two years after the EU-Vietnam Free Trade Agreement (EVFTA) took effect in August 2020, Vietnam’s exports to the EU have increased considerably. To promote sustainable exports to this large but highly demanding consumer market, Vietnamese businesses should be more proactive in grasping opportunities presented by the trade deal.

MSC and Maersk accused of abusing container dominance in Brazil
MSC and Maersk accused of abusing container dominance in Brazil

The Brazilian Association of Port Terminals (ABTP) has filled a legal request at the Administrative Economic Defense Council (CADE) of Brazil to investigate the impact of the two largest container lines in the world, MSC and Maersk, on the country's port market.

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).


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