Bottlenecks push record number of containers through Long Beach and LA
Major US ports Long Beach and Los Angeles have handled a record number of containers in the first months of the year, in which bottlenecks and the Covid-19 pandemic has resulted in container queues off the US West Coast.
DFDS outdoes analyst predictions in the first quarter. The Danish ferry and logistics company made it through Brexit in better form than expected, according to CEO Torben Carlsen, while the integration of a logistics acquisition has been pushed back.
Although the Suez Canal Authority has lowered its claim against Ever Given after the blockage of the canal, the claim is still deemed "exceptionally large" by the ship's insurance company, writes Reuters.
While an increasing number of carriers opt to include LNG vessels in their fleets, one of the world's largest shippers, Ikea, makes it clear that the liquefied natural gas is not the way to go for shipping companies to deacrbonize.
Maersk expects to be able to achieve a 12 percent return on invested capital ahead to 2025, says CEO Søren Skou during the shipping group's capital markets days Tuesday. This target is significantly higher than previously stated targets.