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.


Yang Ming leases a container ship to Maersk Line for a year

Phaata | 26-10-2021

Yang Ming Shipping has agreed to lease one of its container ships to Maersk Line for a year for nearly $63 million.

10 crew members have abandoned the Zim Kingston, firefighting efforts continue

Phaata | 25-10-2021

10 crew members abandoned the Zim Kingston when it caught fire off Victoria, BC, Canada after losing several containers; Firefighting efforts are still ongoing.

ZIM Kingston vessel caught fire near Victoria, BC, Canada after losing many containers

Phaata | 24-10-2021

The container ship ZIM Kingston caught fire after losing about 40 containers west of the US-Canada border; The ship is currently anchored in the Juan de Fuca Strait and the situation appears to be deteriorating.

International shipping and logistics market (updated week 42/2021)

Phaata | 23-10-2021

Update on the international logistics and container shipping market on Asia, Europe and North America routes in the week of 42/2021.

2M alliance reschedules European services due to port congestion problem

Phaata | 21-10-2021

The 2M alliance, which includes shipping lines Maersk and MSC, has changed the schedules of some services in Europe, due to port congestion and supply chain issues.

Amazon, Ikea, Unilever... join the coZEV project - Cargo Owners for Zero-Emission Vessels

Phaata | 20-10-2021

Amazon, Brooks Running, Frog Bikes, Ikea, Inditex, Michelin, Patagonia, Tchibo and Unilever are the first signatories of a new global project coZEV - Cargo Owners for Zero-Emission Vessels.

Port of Rotterdam to increase cargo volume by 15% as economy recovers

Phaata | 20-10-2021

Cargo throughput at the Port of Rotterdam increased by 15% in the third quarter year-on-year as international trade continued to recover from the COVID-19 slump

Shipping line ONE cooperates with WAVE BL to deploy electronic bill of lading (eBL)

Phaata | 19-10-2021

ONE announced plans to expand its offering of Electronic Bills of Lading (eBL) with technology provider WAVE BL, with the goal of enhancing and accelerating digital commerce adoption across its entire supply chain.

Many shippers will restructure their supply chains and charter ocean capacity direct

Phaata | 17-10-2021

While Amazon's deal to charter Amazon's containers from Dachan Bay to Houston is understood to be a one-off, it resembles similar arrangements by Home Depot, IKEA, and Walmart that charter direct shipping themselves.


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