Industry insights

German government approves COSCO’s investment in Hamburg container port

The acquisition of a minority stake of less than 25% in HHLA Container Terminal Tollerort GmbH (CTT) by China’s COSCO Shipping Port Limited (CSPL) was approved by the German government on October 26. Ms. Titzrath...

Container shipping lines face the risk of a sharp drop in profits in 2023 and 2024

At the current rate of tariff reduction in the market, a drop in freight rates to 2019 levels could be as early as the end of this year compared to previous forecasts of mid-2023, according...

Lots of Inventory, What Is a Positive Solution for Businesses?

The immediate root cause of the spike in empty containers is the -halfway surge that collided with weakening consumer demand in the spring and summer. After the Covid-19 pandemic was gradually controlled, the global manufacturing...

China drops indexes and faces new threats

The export side in China is trending down, along with the demand for aircraft carriers is not much in a short period, mainly due to the number of inventories in Europe and the US that...

Crucial ports in the context of the COVID-19

Important port cities such as Shenzhen and Dalian were forced to distance themselves and strictly follow pandemic regulations this week. The resurgence of COVID caused the mass closure of shops, and testing is also being...

The Business Process Outsourcing (BPO) industry trend and challenge

The business process outsourcing (BPO) industry is one of the key drivers of the Philippine economy. However, some of the changes in the BPO tier are being impacted by the challenge posed by automation developers...

UK Felixstowe: The first strike after 33 years, the peak of high inflation

The strike for wages since August 21 of nearly 2,000 workers at the port of Felixstowe has not reached the desired agreement with CK Hutchison – the port owner based in Hong Kong. Members of...

Logistics Manager’s Index (LMI)

At the end of July, the Downstream respondents, as well as the respondents, reported a slightly volatile development of the market. Compared to the last 2 years, this reduction in price reduction appears obvious and...

China-Europe freight train extends its route to Hanoi, Vietnam

A China-Europe train loaded with goods departed from the Xinxiang, Henan province to Yen Vien International station, Hanoi, the capital of Vietnam. Agricultural products such as shiitake mushrooms and dried goods along with mechanical parts...