Hapag Lloyd boosts its 2018 operating profit Hapag Lloyd, the fifth biggest container line in the world by market share, saw its revenue rise to US$11.2 billion, an increase [...]
Trump’s US-China trade war suspended while talks continue Delay in tariffs comes after a week of talks in Washington with Chinese officials; but the threat certainly good for volumes [...]
Cathay result doubles analyst estimates Hong Kong’s Cathay Pacific Airways Ltd projected its annual profit at more than double analyst estimates as its turnaround plan designed to cut costs [...]
SIA load factor falling with 3.8% Reporting on its January freight statistics, Singapore Airlines Cargo (SIA Cargo) has revealed that its cargo load factor fell by 3.8 percentage points [...]
Maersk forecasting higher profits in 2019 Danish shipping group Moller-Maersk said that although it had a challenging start to 2018, looking at the financial performance, it increased earnings despite [...]
Chopped up Maersk Honam in transit to Hyundai ship yard The sound stern section of the fire-stricken Maersk Honam has been loaded onto a heavy lift ship in Dubai [...]
PIL leaving Asia/Europe theatre after 15 years of operation Singapore container line Pacific International Lines (PIL) is withdrawing from the Asia – Europe trade from April. According to analyst [...]
Hapag Lloyd generating a positive cash flow position Rating agency Moody’s has upgraded Hapag-Lloyd’s corporate family rating (CFR) to B1 from B2 and its senior unsecured bond rating to [...]
Over supply main reason for uncertain times of container manufacturers Container equipment prices plunged below building costs in the last quarter of 2018, and manufacturers will need to cut [...]
56 container ships scrapped during 2018 The Taiwanese shipping company Evergreen has already sold five container ships to scrap yards this year, including two ships of 5.364 teu. During [...]
