FREIGHT NEWS

Deepening project at Long Beach gets approval
Deepening project at Long Beach gets approval

The Long Beach Harbor Commission has approved a critical channel deepening project that is expected to ease cargo movement to and from the United States. The Port of Long Beach (POLB) and the federal government will share the costs, estimated at almost US$170 million, with the POLB's portion being estimated at US$109 million.

First sailing of direct China-Scotland service completed
First sailing of direct China-Scotland service completed

The first direct container service linking China to Scotland has docked at Greenock Ocean Terminal following its maiden voyage.

Maersk launches first Rijeka-Czech Republic direct cargo rail service
Maersk launches first Rijeka-Czech Republic direct cargo rail service

A regular rail link between Rijeka, Croatia and Paskov, Czech Republic via the Adriatic Gate Container Terminal (AGCT) commenced for the first time, according to a statement by International Container Terminals Services, Inc. (ICTSI).

Yang Ming reports US$4 billion profit in 2022 H1
Yang Ming reports US$4 billion profit in 2022 H1

Yang Ming has announced that its net profit after tax and earnings per share (EPS) were US$4 billion (NT$116.11 billion) and US$1.1 (NT$33.25) respectively for the first half of the year.

Hapag-Lloyd posts strong financial results in 2022 H1
Hapag-Lloyd posts strong financial results in 2022 H1

Hapag-Lloyd completed the first half of the year with an EBITDA of US$10.9 billion (€10 billion), EBIT of US$9.9 billion (€9.1 billion) and profits of US$9.5 billion (€8.7 billion).

China yards dominate in boxship orders
China yards dominate in boxship orders

Chinese shipyards hold the lion's share of container ship orders, with at least half of vessels under construction, followed by 34% for South Korean yards and just 8% for Japanese yards.

London Medway reports signficant growth in trade as congestion issues plague South East ports
London Medway reports signficant growth in trade as congestion issues plague South East ports

London Medway, part of the Peel Ports Group, has reported a significant increase in unaccompanied freight trade in recent weeks, between the United Kingdom and France amid ongoing delays at the port of Dover.

Box lines continue to reap record profits, HMM reports US$4.6 billion earnings in 2022 H1
Box lines continue to reap record profits, HMM reports US$4.6 billion earnings in 2022 H1

Container carriers continue to achieve record financial results in the post-Covid era with HMM announcing outstanding revenue and profits this time.


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