Hapag-Lloyd reports sharp decline in Q1 financial results
Hapag-Lloyd reports sharp decline in Q1 financial results
Phaata | 16-05-2024

Hapag-Lloyd ended the first quarter of 2024 with revenues falling to $4.6 billion mainly due to a decline in average freight rates of $1,359/TEU (1Q23: $1,999/TEU).

International shipping and logistics market update - Week 19/2024

Phaata | 11-05-2024

International logistics and container shipping market update on Asia, Europe and North America routes in the week 19/2024.

Yang Ming reports financial results for Q1 2024

Phaata | 10-05-2024

Yang Ming reported Q1 2024 revenue of US$ 1.39 billion and net profit after tax of US$ 298.42 million with EPS of NT$2.69.

Container ship capacity deliveries reach new record of 1 million TEU in the first 4 months of 2024

Phaata | 09-05-2024

A record was set as more than 1 million TEU of container ship capacity was delivered in the first four months of 2024, an increase of nearly 80% compared to the previous record.


Maersk acquires Senator International to boost aviation business

Phaata | 03-11-2021

AP Moller-Maersk is acquiring German forwarding company Senator International to boost air cargo volume following record third quarter results.

Wan Min appointed Chairman of COSCO Shipping

Phaata | 02-11-2021

China COSCO SHIPPING Corporation has announced the decision to change its main responsible personnel; Mr. Wan Min is appointed Chairman cum Secretary of the Party Committee of the Corporation; Mr. Xu Lirong retired.

Wan Hai Lines expands AA7 service from Asia to US East Coast

Phaata | 02-11-2021

The new route of AA7 service after being expanded is: Ningbo - Taipei - Xiamen - Shekou - Cai Mep - Port Klang - New York - Charleston– Savannah - Ningbo.

Global supply chain disruption expected through 2022

Phaata | 01-11-2021

Speaking at the Container Market Outlook webinar at the end of last month, Simon Heaney, a senior director at Drewry, said that, for now, the company expects the disruption to last until the end of 2022, instead of the previous forecast of the end of the second quarter of 2022.

ONE posted a profit of 4 billion USD in Q2 and expected to reach 12 billion USD in profit in 2021

Phaata | 01-11-2021

ONE posted a profit of $4.2 billion for the second quarter, and $6.76 billion for the first half; along with that is forecasted an additional profit of 5 billion USD for the second half of the year.

International shipping and logistics market (updated week 43/2021)

Phaata | 29-10-2021

Update on the international logistics and container shipping market on Asia, Europe and North America routes in the week of 43/2021.

New record with 79 container ships queued at the ports of Los Angeles and Long Beach

Phaata | 28-10-2021

The number of container ships waiting in San Pedro Bay to dock at the ports of Los Angeles and Long Beach rose to an all-time high of 79.

Number of lost containers on the ZIM Kingston ship increased to 106, the fire is under control

Phaata | 28-10-2021

The number of containers reported lost from the ZIM Kingston has increased to more than 100, and officials say the fire is under control.

ZIM buys seven secondhand container ships for $320 million

Phaata | 26-10-2021

ZIM shipping line has purchased seven container ships between 12 and 14 years old for $320 million since the beginning of October.


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