FREIGHT NEWS

Wan Hai says lack of vessels is hindering re-entry to Europe trades
Wan Hai says lack of vessels is hindering re-entry to Europe trades

The dearth of ships available for charter or sale has caused Wan Hai Lines to put plans to re-enter the Asia-Europe tradelane on hold.

Chronic delays in European intermodal traffic as barge congestion returns
Chronic delays in European intermodal traffic as barge congestion returns

Significant congestion has returned to plague Europe’s inland waterways, and following last month’s flood damage there is concern over an absence of alternative routes.

Ominous signs for supply chains from new Covid lockdowns in Vietnam and China
Ominous signs for supply chains from new Covid lockdowns in Vietnam and China

The lockdown in South Vietnam has caused a 100,000 teu pile-up at Ho Chi Minh City’s Cat Lai port.

Congestion takes hold again with supply chain delays spread across the US
Congestion takes hold again with supply chain delays spread across the US

Growing congestion fears in Asia are being matched by an apparent resurgence of delays at US west coast ports.

Port of Oakland eyes second-time-lucky success for new transpacific services
Port of Oakland eyes second-time-lucky success for new transpacific services

Within weeks the transpacific market has brightened significantly for the port of Oakland, as two carriers have launched new services from Asia.

OOCL 'may be on a winner' with innovative Asia-US land bridge-ocean offering
OOCL 'may be on a winner' with innovative Asia-US land bridge-ocean offering

OOCL has launched a rail-sea service from China to the US east coast, which it claims is a first.

Booming revenues swell Evergreen H1 profit nearly 30 times
Booming revenues swell Evergreen H1 profit nearly 30 times

Taiwanese liner operator Evergreen’s net profit shot up 29-fold in the first half of this year to $3.2bn, thanks to continuing equipment and capacity shortages pushing up rates.

Reefer cargo the new battleground with rates rising and equipment scarce
Reefer cargo the new battleground with rates rising and equipment scarce

Container shipping bottlenecks are creating winners and losers in reefer cargo, with consumers footing the bill for the increased logistics costs.


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