Wednesday 29th Mar 2017 - Logistics & Supply Chain

Viewing all Ocean freight articles

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Panalpina EBIT drops 6pc

Pressure on margins in both air and ocean freight hit profits at Panalpina, with adjusted EBIT some six per cent lower at CHF109.9m for 2016.

ESC joins GSF to address consolidation in container shipping market

The European Shippers’ Council has joined the Global Shippers’ Forum to promote the findings of new research and analysis commissioned by GSF into the impacts of new alliances being formed by container shipping lines and the growing use of mega-ships.

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Rhenus launches South Korea business

Rhenus has opened its first office in Seoul, South Korea focusing on sea and airfreight operations, third party logistics and domestic transport services in future.

Container lines set to lose $5bn

Container shipping lines are set to lose $5 billion this year, according to shipping consultancy Drewry. However, it expects profitability to recover next year thanks to improving freight rates and slightly higher cargo volumes.

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