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HMM warns of uncertain second half after H1 rebound

HMM is the latest carrier to report strong improvement in financial performance despite plunging volumes, with its first-half results reflecting container carriers’ newfound ability to match capacity with falling demand while maintaining...

Hapag-Lloyd shrugs off COVID-19 impact with surging Q2 profit

Hapag-Lloyd sailed to a highly profitable first half, with the bulk of its earnings growth made in the second quarter as the carrier matched capacity with an 11 percent drop in...

Volume rebound on Asia-Europe raises peak season hopes

The Asia-Europe trade could be heading for a traditional, if subdued, peak season this year with fast-improving volumes bouncing back from the lows seen in April during the height of the coronavirus disease 2019 (COVID-19)...

JOC Uncharted: Trans-Atlantic sees huge first-half drop in US auto imports

US imports of vehicles and auto parts from Europe drove off a cliff in the first half of 2020, plunging 45 percent year over year as the coronavirus...

Terminal technology helps Crowley adapt to need for speed

A change in the terminal operating system (TOS) used by Crowley Maritime Corp. has sped up truck turn times and allowed for better use of limited yard space within...

London retains arbiter crown

Fears that the UK’s decision to leave the European Union would dent the reputation of the nation’s capital as the leader in maritime arbitration cases have not been realised, according to research by shipping law firm HFW. Its research...

The Quiet Before the Storm

As thunder and lightning rages around the British Isles, you can’t help but draw a parallel with global markets. As we come towards the end of summer, having had what little respite we have been allowed with lockdown measures,...

Tankers ship Iranian fuel cargoes to U.S. for seizure – sources

Tankers carrying Iranian fuel cargoes covered by a U.S. warrant for seizure are sailing to the United States after talks between U.S. authorities and ship owners, a U.S. government source and a shipping source said on Thursday. Iran had...

What comes next for maritime transactional processes?

In January 2020, Pole Star and TradeIX partnered up to enable the streamlining of maritime transactional processes and the securing of sensitive data. The partnership provides a fully automated vessel sanctions screening solution to the network’s member banks, their...

Unwinding floating storage to loom on tanker markets through H2 2020

Tanker freight rates are expected to see continued pressure from unwinding floating storage for the remainder of the second half of 2020, shipowners Diamond S Shipping and Teekay Tankers Ltd. said in second-quarter 2020 earnings calls Aug. 13. Both...

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Verifavia Launches Industry’s First “3-Way Plug & Play” Dashboard To Ensure...

Verifavia Shipping has launched the world’s first “3-Way Plug & Play” IHM Maintenance Dashboard to ensure efficient and continuous maintenance of Inventory of Hazardous...

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