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OOCL Q1 results a boost for lines or a portent of harder times to come

Initial results for the first quarter released by OOCL could be seen as a boost to lines, which it is generally agreed have manged...

Known unknowns add up to a complex Pacific contract picture

Complexities in managing annual cargo rate negotiations have been exposed by the Covid-19 virus with shippers and forwarders struggling to understand what cargo commitments...

OOCL updates Transpacific blank sailing programme

In response to the expected low demand in the market, OOCL has provided an update on the withdrawal of the Transpacific sailings in April...

Waiting game for US logistics

Logistics firms all along the supply chain are waiting to see what happens to the infection rate in the United States and what the...

OOCL updates transpacific void sailings

In response to the expected low demand in the market, OOCL has provided an update to its 26 March announcement on the withdrawal of...

COSCO Shipping Holdings profit up 450%

COSCO Shipping Holdings said on 30 March 2020 that net profit for 2019 rocketed nearly 450% from 2018, with earnings of CNY6.8 billion (US$...

OOCL postpones EMA service launch

OOCL has decided to postpone the launch of its new East Mediterranean – America Service (EMA) by three weeks until April 25. As such, the...

OOCL withdraws more tranpacific sailings in April

OOCL has announced the additional withdrawal of the following transpacific sailings in April: Pacific China South 1 (PCS1) Port rotation: Fuqing > Nansha > Hong Kong...

OOCL updates China New Zealand Service

OOCL has announced it will replace a port call at Chalmers with a direct call to the Port of Wellington on its China New...

OOIL books US$1.35 billion profit on US terminal sale

Synergies from the acquisition by COSCO of Orient Overseas Container Lines (OOCL) and the sale of its Long Beach terminal were behind the Hong...
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DCT Gdańsk to boost container capacity by 1.5 million TEU

The tender committee of the Port of Gdańsk Authority has announced that the lease for a new port area has been awarded to DCT...

Hapag-Lloyd increases prices to Australia

Hapag Lloyd has announced new rates for Australian destinations that will take effect in the next months. Firstly, the German carrier will implement a peak...

IPCSA joins Private Sector Consultative Group of WCO

The International Port Community Systems Association (IPCSA), which specialises in global trade facilitation, is the new member of World Customs Organization’s influential Private Sector...

Chittagong port yards face severe box congestions in lockdown

The ongoing lockdown in Bangladesh has started taking a toll on the shipping sector, especially on port yards, creating severe congestion as importers are...