June 3, 2022
Major railways weather the storms
June 3, 2022
New cold chain centre opens at Toronto airport
June 3, 2022
Reefer costs rise in wake of pandemic
June 3, 2022
Port Saint John enhances reefer capacity
June 3, 2022
Resilience and Shipping
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Charter hire rates still hitting new heights, but are expected to soften
Containership charter rates and second-hand values are heading for a correction according to a broker source, after sector records were broken again in January. February’s Horizon containerships report, from Maritime Strategies International (MSI), recorded daily hire...
ONE reports $16.8 billon profit for past year, but says the outlook is uncertain
Japanese ocean carrier ONE has reported a record net profit of $16.8 billion for its financial year ending 31 March – but for the full-year 2022, its outlook is beset with uncertainties. Overall, liftings were flat, at 12.1 million TEUs, mainly due to port congestion...
2M means to launch Ukrainian rail-river export service, despite ‘challenges of war’
MSC, as part of the 2M Alliance, is to launch a rail-river export service for Ukrainian cargo in the Odessa region heading to Constanta in Romania, for onward connections to global destinations. Speaking exclusively to The Loadstar, Odessa-based consultancy Informall...
Zim confirms up to six more containerships on long-term charter
Israeli ocean carrier Zim says it has agreed a charter with non-operating containership owner MPC Container Ships (MPCC) and investment managers MPC Capital for up to six newbuild 5,500 TEU wide-beamed vessels for seven years periods. Since its formation in 2017,...
Russian attacks on Ukraine supply chains a tactical measure to stoke unrest
Weaponized logistics bottlenecks and blockades could precipitate widespread food shortages in countries in Asia and Africa, if food cannot be transported from Ukrainian silos, according to logistics experts in the country. Following Russia’s invasion on 24 February,...
Carriers on course for a $300 billion profit as Maersk hikes guidance by $6 billion
Ocean carriers are set to smash all previous earnings records in the first quarter, and are on course for colossal 2022 full-year profits of $300 billion – but growth predictions are being pared back, due to weaker demand. Indeed, despite the booming carrier market,...