NEWS
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K+N, DSV expect freight volumes to drop but to maintain yields
THE world's largest logistics provider has cast doubts on the likelihood of a substantial rebound in cross-border freight transportation during the typically busy months leading up to Christmas shopping, reports New York's FreightWaves.Both Kuehne+Nagel and its rival powerhouse, DSV, rece...
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Danaos H1 profit falls 13.6pc to US$293 million as sales fall 18pc
GREEK shipowner Danaos Corporation posted a 13.6 per cent year-on-year first half net profit loss to US$293.2 million, drawn on revenues of $2.5 billion, down 18.4 per cent."The world economies stagnated in the second quarter of 2023, resulting in a gradual easing of the container market,&qu...
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China tells Manila to remove grounded ship from disputed shoal
CHINA told the Philippines on Monday to remove its grounded warship from the disputed Second Thomas Shoal in the South China Sea, Reuters reports.The Philippines accused the Chinese coast guard of blocking and water-cannoning a Philippine military supply ship on what it said was a routine troop r...
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