Container line is seeing a ‘rapid normalisation’ amid ‘challenging market conditions’. The first quarter of the year is likely to be the best financial result of 2023

PSA’s main investment in Vietnam so far is the SP-PSA International Port in Cai Mep, near Ho Chi Minh City. Sotrans Group brings local expertise and key logistics assets to the table

Container lines desperate for boxes pushed production up to 7.2m teu of equipment in 2021. This year the global fleet of containers will contract for the first time since 2009

One of Ukraine’s export hubs has not received any ships since early May

US ports are in a good position to weather the current cargo lull, but a mild recession in the second half of the year will likely constrain growth. Moody’s maintained a stable outlook for US public ports but said this could change if it expects economic conditions and cargo volumes to worsen or improve

The most recent vessel that was cleared to travel to Yuzhnyi port, under the grain deal, was on May 2

Intermodal connections between Asia and Europe are a rapidly evolving new market

Asset-light Zim expects more weakness in the second quarter but a better market in the second half of 2023 and says its costs per teu will continue to improve as it replaces smaller vessels with newer and larger newbuildings. It reaffirmed its guidance for the remainder of the year, which Jefferies analysts said was surprising given its difficult start to the year

Ocean Network Express and Wan Hai Lines have resolved allegations brought against them by the Federal Maritime Commission. They agreed to pay a combined $2.65m in civil penalties and refund shippers for assessed charges

Container volumes were down 16.9% in the first quarter after the loss of the port’s fourth-largest trading partner. But transatlantic and bulk volumes saw positive trends

Executive director Gene Seroka said the global economic slowdown, high inventories and the prolonged west coast labour negotiations have had a chilling affect on cargo volumes, but says a labour deal could come soon

Beijing will allow domestically traded cargo from a key agricultural and industrial province in the north, to transit through Vladivostok before reaching large Southern Chinese cities, such as Shanghai and Ningbo