FREIGHT NEWS

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.

ONE and partners confirm US$3.64 billion Atlas Corp takeover offer
ONE and partners confirm US$3.64 billion Atlas Corp takeover offer

The Singaporean-headquartered container carrier Ocean Network Express (ONE) is a member of the Poseidon Acquisition Corp, a consortium that has proposed to acquire all the outstanding common shares of Atlas Corp that are not owned or controlled by the consortium members.

Hapag-Lloyd to start real-time container tracker installations
Hapag-Lloyd to start real-time container tracker installations

Hapag-Lloyd is the first shipping company in the world to equip all of its standard containers with real-time tracking devices and will be able to monitor its boxes and collect data to enhance transparency.

CN freight rate analysis for Indian trades reflects easing trends
CN freight rate analysis for Indian trades reflects easing trends

With the exception of intra-Asia trades, average container freight rates for all key trades out of India have either softened or seen no changes this month, from the levels maintained by major carriers in June, according to new industry data collected by Container News. 

Traffic restrictions cause congestion concerns for carriers at Nhava Sheva
Traffic restrictions cause congestion concerns for carriers at Nhava Sheva

Maersk Line has reported a slowdown in truck flows in/out of India’s Nhava Sheva Port/JNPT as a result of new traffic restrictions imposed by local authorities.

CMA CGM to levy surcharges for overweight India-US shipments
CMA CGM to levy surcharges for overweight India-US shipments

French container line CMA CGM has implemented a hefty surcharge on overweight containerised shipments moving from India to the US and Canada.


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