Browsing: Ocean Freight

Maersk has reported a 78 per cent fall in profit to $371m (£231m) in the third quarter despite a nine per cent rise in sales. It said both container and tanker activities faced difficult markets owing to excess supply of tonnage and a fragmented competiti

DHL is the official logistics partner of the 11th Volvo Ocean Race, a round-the world yacht race starting in Alicante, Spain, on 29th October

Maersk Line is launching a guaranteed on-time delivery service between Asia and Europe with a daily cut-off, which it reckons could save customers up to $500 per container, and cut inventory by 50 per cent

Global demand for seaborne containers will grow by six to eight per cent in 2011, Maersk said in its interim results but global supply of new tonnage is expected to grow more than the freight volumes especially on the Asia to Europe trade

Mediterranean Shipping Company has transferred its flagship Asia-Europe services, the Lion and Silk Services, to Felixstowe’s new berths 8 and 9, which have been created specifically to deal with the next generation of container ships