Shanghai International Port (SIPG) reported a net profit of CNY 8.7 billion in the first half of 2021, up 127.1 percent year-on-year.

CMA CGM's Q2 revenue reached $12.4 billion, recording a strong increase of 77.2% over the same period in 2020, when international trade was slowed down due to the Covid-19 pandemic.

The Danish research and consulting company Sea-Intelligence has commented on the capacity that shipping lines have planned to deploy/withdraw in the 4 weeks of Golden Week from week 40 to week 43 on trans-Pacific and Asia-Europe shipping routes.

The number of container ships waiting at the ports of Los Angeles (LA) and Long Beach (LB) has reached 41 units and freight rates continue to rise.

The value of the global shipping fleet is at an all-time high of $1.2 trillion, of which the value of the Greek-owned fleet has increased by more than 32% over the past three years and is now in at $132.58 billion, as reported by VesselsValue.

Update on the international logistics and container shipping market on Asia, Europe and North America routes in the week of 34/2021.

Shipping lines MSC, CMA CGM, ZIM and COSCO competed in trying to reach the top shipowners with very high charter rates for 36 months.

According to online trading platform Container xChange, the shutdown of Yantian port in southern China in June caused container freight rates to skyrocket by 180%.

Container vessels have resumed docking at Meishan port in Ningbo, China after being suspended for two weeks to combat the epidemic, adding to optimism that all operations at Ningbo port will be restored.