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MAERSK EXPECTS LOGISTICS REVENUES TO EXCEED SHIPPING IN COMING YEARS
MAERSK EXPECTS LOGISTICS REVENUES TO EXCEED SHIPPING IN COMING YEARS

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The container shipping heavyweight reports record third-quarter earnings but is looking to logistics to hedge against boom-and-bust shipping cycles

BERTHING, TRUCKING DELAYS CONTINUE AT NINGBO
BERTHING, TRUCKING DELAYS CONTINUE AT NINGBO

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Freight forwarders and liner operators are advising of trucking delays as Ningbo-Zhoushan port continues to operate under closed-loop management, with shippers urged to divert cargoes to Shanghai.

 

Export markets 'destabilised' as carriers are forced to 'undersell' capacity
Export markets 'destabilised' as carriers are forced to 'undersell' capacity

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According to this week’s Ningbo Containerized Freight Index (NCFI) commentary, export markets have become “destabilised” due to carriers “underselling their space”.

FMC CSOMPLAINTS: SAMSUNG FILES AGAINST ZIM; TRUCKER FILES AGAINST MSC
FMC CSOMPLAINTS: SAMSUNG FILES AGAINST ZIM; TRUCKER FILES AGAINST MSC

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The Federal Maritime Commission received two new complaints filed on October 25 against two large carriers alleging overcharging for detention and demurrage (D&D) fees as well as abusive business practices that contributed to the accumulation of the fees and disrupted their businesses.

Container shipping to hit bottom in mid-2023 forecasts HSBC
Container shipping to hit bottom in mid-2023 forecasts HSBC

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Container freight rates are expected to hit a trough in mid-2023 forecasts HSBC Global Research as spot rates fall at 7.5% a week.

PORT OF LA CARGO VOLUMES DROP AS ONGOING LABOR TALKS DETER SOME SHIPPERS
PORT OF LA CARGO VOLUMES DROP AS ONGOING LABOR TALKS DETER SOME SHIPPERS

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Shipping containers are offloaded from a container ship in the Port of Los Angeles on June 10, 2022. Cargo volumes at the Port of Los Angeles dropped precipitously in September. Mario Tama via Getty Images


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