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Yang Ming nearly triples Q1 profits on improving shipping market

While Yang Ming was upbeat about improving container volumes and easing global inflation, the Taiwan-based ocean carrier warned of geopolitical volatility.

Fri May 10, 2024 21:23
Declining India–Europe vessel reliability reverses rate decline

Poor schedule reliability, challenged by a container supply chain that has been stretched thin by diversions away from the Suez Canal, is causing spot rates from India to Europe to rebound.

Fri May 10, 2024 21:23
Dali refloating triggers multiyear insurance claim process for shippers

Shippers will soon be able to retrieve cargo aboard the Dali, but they or their insurers will be expected to post sizeable bonds to cover general average claims.

Fri May 10, 2024 21:23
No sign of air freight demand easing as ‘slow’ summer nears

Underpinning strong volume growth is booming demand for Chinese e-commerce in the US and modal shift from ocean to air in South Asian countries to mitigate Red Sea disruptions.

Fri May 10, 2024 19:52
Public-private backing pushes Delaware’s Edgemoor terminal project forward

The private-equity backed Enstructure unveiled a public-private partnership with Delaware that will eventually increase Wilmington’s annual capacity to more than 1.5 million TEUs.

Thu May 9, 2024 22:47
FMC clarifies ocean carriers can still bill contracted truckers for D&D

US maritime regulators seek to clear up what container lines saw as contradictory language on billing responsibility under detention and demurrage rulemaking finalized in late February and taking effect May 28.

Thu May 9, 2024 22:47

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