Posts tagged “Ocean Freight”

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Freight crime spirals out of control as value of goods stolen rises to over £100 million

Posted on 17th March 2025 at 18:59

Freight crime spirals out of control as value of goods stolen rises to over £100 million

Freight crime spirals out of control as the value of goods stolen rises to over £100 million

2024 saw a significant rise in the value of goods stolen from lorries – up nearly two-thirds to £111.5 million.

Freight crime is at record levels with loses exceeding £1 billion since 2020.

Click on the below link to read more.

https://www.rha.uk.net/news/news/detail/freight-crime-spirals-out-of-control-as-value-of-goods-stolen-rises-to-over-100-million

DP World reports record revenue of $20.0 billion and EBITDA of $5.5 billion

Posted on 17th March 2025 at 18:41

DP World reports record revenue of $20.0 billion and EBITDA of $5.5 billion

DP World Limited has announced financial results for the year ended 31 December 2024. On a reported basis, revenue grew by 9.7% to $20.0 billion and adjusted EBITDA rose by 6.7% to $5.5 billion with an adjusted EBITDA margin of 27.2%.

Click on the below link to read more.

https://www.multimodal.org.uk/article/dp-world-reports-record-revenue-of-20-0-billion-and-ebitda-of-5-5-billion?utm_source=feedotter&utm_medium=email&utm_campaign=FO-03-14-2025&utm_content=httpswwwmultimodalorgukarticledpworldreportsrecordrevenueof200billionandebitdaof55billion

Maersk announce rate hike on Asia-North Europe

Posted on 17th July 2023 at 09:48

Maersk announce rate hike on Asia-North Europe

Maersk is attempting to undo weeks of heavy discounting on the Asia-North Europe tradelane with a substantial increase in its FAK rates at the end of the month.

And it warned that other routes “may also be subject to increases” as it reassess rate structures across its network.

Click on the below link to read more.

https://theloadstar.com/maersk-unleashes-shock-and-awe-rate-hike-on-asia-north-europe/

Cyclone shutters already congested ports on India's busy west coast

Posted on 15th June 2023 at 12:23

Cyclone shutters already congested ports on India's busy west coast

All Indian ports along the coastline of Gujarat have halted operations until further notice in the wake of Cyclone Biparjoy heading towards the country’s north-west corridor.

The affected ports are some of the country’s leading container handlers, such as Mundra, Pipavav and Hazira.

Click on the below link to read more.

https://theloadstar.com/cyclone-shutters-already-congested-ports-on-indias-busy-west-coast/

North Europe rates still falling, while the transpacific spikes

Posted on 15th June 2023 at 12:09

North Europe rates still falling, while the transpacific spikes

Container spot rates from Asia to North Europe remained under pressure this week, while transpacific rates have been boosted by potential supply chain issues linked to US west coast industrial action and Panama Canal draught restrictions.

As peak season orders continue to disappoint, the Freightos Baltic Exchange (FBX) Asia-North Europe component slumped 16% in the past seven days, to $1,195 per 40ft, which compares with $10,599 a year ago.

Click on the below link to read more.

https://theloadstar.com/north-europe-rates-still-falling-while-the-transpacific-spikes/

Major ocean carriers set course for more-profitable routes

Posted on 15th June 2023 at 12:02

Major ocean carriers set course for more-profitable routes

Ocean carriers constantly reassess network coverage to cope with the impact of demand fluctuations but, post-pandemic, this has translated into widely different trading patterns for the top-ranked lines.

A survey by Alphaliner reveals that, compared with a year ago, most of the top ten carriers have reduced their fleets trading between Asia and North America – MSC in particular having cut the percentage of its tonnage deployed on the transpacific from 16% to just 9%.

Click on the below link to read more.

https://theloadstar.com/major-ocean-carriers-set-their-course-for-more-profitable-routes/

2M 'go-slow' and massive capacity injection lights Asia-Europe touchpaper

Posted on 16th May 2023 at 09:14

2M 'go-slow' and massive capacity injection lights Asia-Europe touchpaper

Next month, 2M partners MSC and Maersk will deploy nine extra vessels on their Asia-Europe services, an injection of capacity in a period of weak demand that may unleash a ferocious race-to-the-bottom freight war on the tradelane.

Click on the below link to read more.

https://theloadstar.com/2m-go-slow-and-massive-capacity-injection-lights-asia-europe-touchpaper/

As its fleet grows, MSC maps out its post-2M standalone network

Posted on 25th April 2023 at 09:46

As its fleet grows, MSC maps out its post-2M standalone network

MSC is preparing its network for a standalone operation after its exits the 2M east-west vessel-sharing agreement with Maersk at the end of next year – although many in the industry believe the split will happen by mutual consent sooner than that.

Sources cite increasingly acrimonious exchanges over vessel-blanking strategies and fierce competition for customers, along with differences over the status of hub ports within the alliance network.

Click on the below link to read more.

https://theloadstar.com/as-its-fleet-grows-msc-maps-out-its-post-2m-standalone-network/

Vietnam to boost domestic box fleet as more shippers shift from China

Posted on 25th April 2023 at 09:28

Vietnam to boost domestic box fleet as more shippers shift from China

Vietnam’s state-controlled shipping group, Vietnam Maritime Corp (VIMC), plans to acquire more containerships and build more inland box depots in a bid to boost its competitiveness.

VIMC is hoping to work with investors to develop the inland container depots and distribution and logistics centres in areas such as Haiphong, Hanoi, Danang, Quy Nhon and Ho Chi Minh City.

Click on the below link to read more.

https://theloadstar.com/vietnam-to-boost-domestic-box-fleet-as-more-shippers-shift-from-china/

Shippers brace for freight rate and BAF increase onslaught

Posted on 11th April 2023 at 13:23

Shippers brace for freight rate and BAF increase onslaught

A definite end to rock-bottom freight rates could be in sight, as carriers take advantage of tight capacity management to launch rate restoration programmes across their networks in the next few weeks.

Moreover, shippers can expect an increase in bunker surcharges, as the shipping lines ramp up BAFs to mitigate the impact of higher fuel costs.

Click the below link to read more.

https://theloadstar.com/shippers-brace-for-freight-rate-and-baf-increase-onslaught/