The 85-year-old businessman and main owner of Küehne+Nagel, Klaus-Michael Kühne, is exploring all options to jump into the battle for the purchase of the coveted freight forwarder DB Schenker, he told Manager Magazin in an interview. However, there are limits to what it can offer if one of the favorites, DSV, decides to go after […]
The lower demand, the reduction in congestion and the reliability of the services cause a certain excess of capacity in the international maritime market with a new week of setbacks for freight. The weakness in the demand for international maritime transport is causing a sharp reduction in the congestion that until recently was suffocating some […]
After the record of 8.6 million TEUs mobilized in 2021, the ports of Panama registered a slight reduction of 1.20%, totaling 8.5 million TEUs. However, amounts are still registered above 2019 and the trend is that during 2023 the recovery will continue progressively, reports Tuesday Financial. Figures from the Panama Maritime Authority (AMP) indicate that […]
Maersk has announced this week its intention to move towards a unified brand through the integration of different units such as Hamburg Süd and Sealand, among others. Specifically, the Danish shipping group plans to analyze each case and each geographical area in depth, in order to eliminate logistical problems for its customers and promote connectivity […]
It owns 16% of the world maritime fleet at the end of December 2022 with 8,650 registered ships. The Panama Ship Registry continues its leadership position worldwide, ranking first among the 10 main merchant fleets in terms of flagging and gross registered tons (GRT), according to the latest Clarksons Research World Fleet Monitor. According to […]
The relaxation of Covid-19-related restrictions in most of the world was positive for the reopening of trade, but the recovery was not always easy for airlines, airports and aircraft manufacturers.China continued to maintain a series of blockades that restricted air traffic. Meanwhile, the biggest shock to the system was Russia’s invasion of Ukraine, which sent […]
The use of new and clean energies will be encouraged and work will be done to eliminate emissions from older ships. China is considering a draft amendment to the Marine Environment Protection Law, which is intended to include clauses on reducing carbon dioxide emissions in the shipping sector. Enacted in 1982, the Law has been […]
Shanghai, the world’s largest container port, is isolating the shipment of international goods to prevent export disruptions as a wave of Covid sweeps through China, Bloomberg reported. The increase in cases has started to affect supply chains that depend on China, and this may worsen in the run-up to Chinese New Year next month, according […]
Industry players project high inventories, low demand and reduced rates, among others. Although the supply chain crisis as a result of the impact of Covid-19 has been concluded, it is clear that things do not go from white to black overnight. HSBC has indicated that world trade growth next year will likely slow to 1.1%, […]
From Hapag-Lloyd they added that the transition to a less profitable period will be smoother than in other recessions. Container shipping rates could end their steep decline early next year and the sector’s move into a less profitable period will likely be a «softer landing» than in previous recessions, the CEO of the fifth-biggest shipping […]