DP World saw revenue jump 14.4%, year on year, in the first six months to $2.6bn, as the company’s core container terminal business benefited from the upswing in global trade.
Net profit for the period was $593m, 2.1% down on the year before, which it attributed to the “illegal” seizure of its Doraleh terminal by the Djiboutian government, and the consolidation into the accounts of its Santos facility, previously treated as an ...
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Brussels Airlines Cargo and its parent company, Lufthansa Cargo, are to act as one in the marketing and of freight capacity for the Belgian carrier.
The arrangement, which a spokesperson told The Loadstar is intended to improve synergies – will take effect on 1 September.
“This decision will see both carriers acting as one organisation in the marketing and selling of cargo capacity,” said the spokesperson.
The spokesperson was unable to say whether this included ...
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Freight forwarders in Thailand are preparing for a busy peak season for ocean shipments.
According to Sam Loke, managing director of Pan Asia Logistics (Thailand), the market will soon start ramping-up.
“Late August onward you start to feel the crunch in terms of space constraints on certain lanes,” he told The Loadstar.
“In Thailand, capacity is always short during the peak period. With Christmas coming, certain lanes become full and this cycle never changes, ...
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Those considering Tesla’s Semi may wish to rethink. It’s gone from bad to worse for Elon Musk’s company in less than a year since the announcement of the autonomous truck. Mr Musk has been subpoenaed by the US Securities and Exchange Commission over plans to take his company private. But while he looks to steady the ship, it’s worth considering that this week his Hyperloop system turned five years old. When ...
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Just halfway through the Q2 reporting period, some $650m of red ink has been reported by ocean carriers to add to their $1.2bn deficit for the first three months of the year.
To date, niche operator Wan Hai is the only container line to post a net profit for Q2, some $9m, as other carriers face up to the negative revenue consequences of their market share grab and inability to compensate for fuel price hikes.
But, ...
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The angry rhetoric between China and the US and their tit-for-tat imposition of tariffs on a rising number of goods are showing early effects on trade flows.
Project cargo and consumer items, led by perishables, have been affected already and more will follow as companies ramp up efforts to revamp their supply chains.
US agriculture has been one of the first sectors to feel the impact. Forwarders have reported a recent decline in ...
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Hapag-Lloyd has become the first of the major container lines to launch an online rate quotation tool as the industry looks to further digitise processes.
Quick Quotes is now open to all customers after, what the carrier described as, a “successful” implementation period.
The company said the programme was “faster, easier and more convenient”, and chief executive Rolf Habben Jansen added he hoped it would improve efficiencies.
“Becoming easier to do business with and digitising ...
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‘When it rains it pours’, I thought soon after reading that the Colombian navy, according toMaritime Denmark, had seized “1,144 packages that each contained 1 kg of pure cocaine (…) found onboard the containership Cap San Tainaro, owned by German shipping company Hamburg Süd, which is part of Maersk Line”.
What an unlucky event for the Danish carrier – one it could surely have done without, given the round of bad publicity already received ...
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UPS workers have rejected the latest labour contracts issued by the company as it looks to shore up a collective bargaining agreement. The Teamsters, which represents some 10,000 employees, rejected the move on the grounds that its members “deserve better”. DC Velocity reports that president of the Teamsters’ Local 89s Fred Zuckerman has gone on record saying the proposed CBA was, “at best”, not good. However, Mr Zuckerman’s views are ...
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Textainer has appointed Olivier Ghesquiere as its new chief executive and president, following the news that Philip Brewer is to retire.
Currently, executive vice president for leasing, Mr Ghesquiere (pictured) steps into a role Mr Brewer has held since 2011.
Prior to joining Textainer in 2015, Mr Ghesquiere worked for Groupe Ermewa and Eurotainer and is a former chairman of the International Tank Container Organisation.
Mr Brewer brings a curtain down on a 22-year tenure with ...
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AirBridgeCargo Airlines (ABC), one of the leading air
cargo carriers in the world, has successfully transported 66 giraffes onboard
one of its Boeing 747 freighters. The charter flight was operated at the end of
July from South Africa’s O. R. Tambo International Airport near Johannesburg to
Zhengzhou, China, via ABC’s Moscow Sheremetyevo cargo hub.
SHANGHAI SPECIAL – LAST MINUTE RATES
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