FREIGHT NEWS

HMM achieves record profits and increased volumes during 2021 H1
HMM achieves record profits and increased volumes during 2021 H1

HMM has reported its highest operating profit in its history of US$2.06 billion in the first half of 2021 with a margin of 45.1%, while the companys revenue almost doubled to US$4.56 billion, compared to 2020 H1.

Carriers divert vessels from Ningbo, as fears of 'another Yantian' grow
Carriers divert vessels from Ningbo, as fears of 'another Yantian' grow

Ships are beginning to divert from Ningbo to Shanghai, following yesterday’s decision to close the Ningbo Meishan Island International Container Terminal (MSICT) due to Covid.

Port of Oakland volumes dip in July
Port of Oakland volumes dip in July

The port of Oakland has recorded a year-to-date volume increase in July but a decline in comparison to the same period of last year.

Hapag-Lloyd’s H1 profit increases almost tenfold
Hapag-Lloyd’s H1 profit increases almost tenfold

Hapag-Lloyd has achieved outstanding performance in financial terms during the first half of 2021, as it has benefitted from strong container demand and skyrocketing freight rates, according to the company's CEO, Rolf Habben Jansen.

Maersk announces congestion fees worldwide
Maersk announces congestion fees worldwide

The Danish liner operator Maersk has confirmed the implementation of congestion surcharges in several ports across the world.

Threat to peak season extra loader services as desperate carriers hunt tonnage
Threat to peak season extra loader services as desperate carriers hunt tonnage

Ocean carriers are said to be “scraping the barrel” to find enough container tonnage for their extra loaders from Asia.

US shippers back change in shipping law as transpac rates look set to breach $20k
US shippers back change in shipping law as transpac rates look set to breach $20k

Ocean carriers may hold sway with the supply and demand pendulum swung firmly in their favour, but their customers are looking ahead to prevent another series of events bringing unprecedented rate inflation.

Shanghai Port opens dispatching centre to prioritise empty containers
Shanghai Port opens dispatching centre to prioritise empty containers

Shanghai International Port Group (SIPG) and several mainline operators have launched a centre to co-ordinate the transport of empty containers from Shanghai port.


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