White House initiates FLOW for supply chain data sharing
17 March 2022 5:08 PM ISTPlan includes 18 participants across the supply chain including trucking, warehousing, logistics companies and ports.
Big carriers get significant tonnage tax advantage
15 March 2022 8:41 PM ISTHapag-Lloyd had a tax benefit of $10.7/TEU, translating to an advantage of $127 million.
Hapag to lease 6 14,000 TEU vessels from SFL Corporation for $540mn
15 March 2022 12:08 PM ISTWe have added more than $1 billion to charter backlog during Q12022: Ole B. Hjertaker, CEO, SFL Management AS.
China lockdowns to hurt supply chains more than #russiaukraine crisis
14 March 2022 3:28 PM ISTLockdowns in 19 provinces (Shanghai, Guangzhou..), as of Sunday, will restrict container movement at these ports heavily.
APM Terminals exits Russia ports biz
11 March 2022 9:48 PM ISTThe key promoters of Global Ports - Delo Group and APM Terminals - hold equal stake of 30.75 percent.
Hapag-Lloyd expects solid 2022, lists Covid, Ukraine as uncertainties
10 March 2022 3:32 PM ISTHapag is anticipating that the strained situation in the global supply chains will ease in the second half of the year
ZIM announces record 2021 numbers, bullish on 2022
9 March 2022 8:01 PM ISTAverage freight rate per TEU more than doubled to $2,786 for 2021 as against $1,229 for 2020.
Cathay Pacific 2021 cargo revenue up 32% on better yields
9 March 2022 5:45 PM ISTWe are committed to keeping people and cargo safely moving: Cathay chairman Patrick Healy
Capacity increases on Asia-West Coast; reliability drops to 30.9%
9 March 2022 2:01 PM ISTSupply challenges likely to be felt throughout 2022, says Niels Rasmussen, Chief Shipping Analyst, BIMCO.
Menzies 2021 revenue up 27% to $1.35bn on solid air cargo biz
8 March 2022 5:49 PM ISTAnnual cargo volume increased 42 percent to 1.7 million tonnes in 2021 from 1.2 million tonnes
Russians/Ukrainians are 15% of seafarers; safety concerns all
7 March 2022 6:42 PM ISTNearly 1.9 million seafarers are currently operating over 74,000 vessels in the global merchant fleet
Cargo handled across airports up 35%, Delhi continues to lead
7 March 2022 6:02 PM ISTInternational cargo handled was up 36% to 1.6 million tonnes, and domestic cargo handled was up 32% to 977,760 tonnes.
