LATEST NEWS

Three Japanese carriers looking forward to coming together as ONE

K Line, MOL and NYK are banking their future group profitability on the success of the Ocean Network Express (ONE) – the merger of the Japanese transport groups’ respective container businesses scheduled for April.

Air freight rates continue to climb, with a strong peak season on the radar

Air freight rates are continuing their climb, with the sector enjoying back-to-back monthly increases and year-on-year growth. In Drewry’s latest East-West Airfreight Price Index, rates were up 1.9% in July, compared…

Is freight forwarding at a crossroads due to new technology?

Online load boards; cloud-based freight marketplaces; connected containers; online customs processing. Innovation is spreading like wildfire upon the logistics world, promising to disrupt the freight forwarding process like never before…

An insider source has told The Loadstar a takeover of the container arm of Tung family-led Orient Overseas International (OOIL) is “almost a done deal”. In January, reports surfaced of a $4bn price tag put on the container line..

Yang Ming tries to dispel customers

Yang Ming has said in a customer advisory aimed at mitigating concerns that its suspension of trading in the Taiwan Stock Exchange is part of a standard procedure for companies implementing recapitalisation…

Analysis: Can Yang Ming raise enough cash in time to prevent it sinking?

A witch hunt is under way in the container shipping industry – just how bad is the situation of Taiwan’s Yang Ming Marine Transport, and how much money does it need to fix its balance sheet?

FreightDeadbeats

An online platform that shows over 1,000 delinquent companies in the freight forwarding industry. Thorough investigations have been made by Freightdeadbeats…

Hanjin Shipping Nears Bankruptcy After Creditors End Support

Creditors of one of the world’s major shipping companies, South Korea’s Hanjin Shipping Co., said they would no longer give it financial support…