Economy

  • Container terminals still ‘solid, profitable business’

    Jan 11, 2019 — The global container terminal industry is expected to “remain a very solid, profitable business” this year with a throughput of more than 800 million TEUs generating earnings before income, taxes, depreciation and amortization in excess of $25 billion, according to Drewry Shipping Consultants.
  • As the U.S. shutdown drags on, the threat to supply chains grows

    Jan 7, 2019 — Initial repercussions for logistics from the US government shutdown have been slight so far, but the prospect of lingering paralysis is raising fears of severe supply chain disruption that may take a long time to mend.
  • 18-Wheelers At App Speed: An $800M Startup Is Trying To Pull An Uber On The Trucking Business

    Jan 3, 2019 — Trucking is a $700 billion market, and the bill for moving full truckloads in the U.S. runs to more than $500 billion a year. Most trucking is done by contractors, small operators who are desperate to keep their rigs full to cover the financing on those trucks. Transfix is on track to collect $100 million in shipping charges for 2018. It will remit the lion’s share of this gross revenue to people who own the vehicles.
  • A ‘no-deal’ Brexit will slow air connectivity

    Dec 21, 2018 — Ahead of the 29 March 2019, ACI Europe has warned that a no-deal Brexit scenario would halt growth of the aviation industry.
  • Big risks in liner shipping but potential rewards

    Dec 14, 2018 — The liner shipping industry may be heading into a period of major change as some companies seeking to broaden the services they offer, says Drewry.
  • How China Is Reviving The Silk Road By Buying Ports In The Mediterranean

    Dec 7, 2018 — China is about to bring the Silk Road back to life, investing billions of dollars to improve trade relationships. Beijing is building its way to European markets by constructing a network of infrastructures that will grant the transfer of Chinese goods worldwide through the Belt and Road Initiative.
  • Americans Are Moving Less Than Ever

    Dec 4, 2018 — According to recently released data from the U.S. Census, only 10.1% of adults moved homes from August 2017 to August 2018. This is the lowest rate of moving since the government began collected data in 1948.
  • Airfreight rates reach high for the year in October

    Dec 3, 2018 — The latest figures from consultant Drewry in its Sea & Air Shipper Insight report show that average rates on 57 key trades reached $3.02 per kg in October compared with $2.81 per kg in September. Meanwhile, prices are up 8.6% year on year.
  • Container industry’s overcapacity struggle will continue

    Dec 3, 2018 — The container shipping industry “will continue to struggle with overcapacity, notably for larger vessel segments,” says Danish Ship Finance in the latest edition of its twice-a-year Shipping Market Review. In addition, it says low freight rates and surging fuel costs are depressing the profitability of liner companies.
  • Containership Scrapping Gathers Pace Ahead of IMO 2020

    Nov 28, 2018 — In the last 30 days, 23 container vessels have been sold for scrap – nearly half the number sent to breakers’ yards in the past year.