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Logistics

DSV after Suez blockage: "We’re facing a very unpredictable freight market"

DSV Panalpina, one of the largest logistics companies in the world, is working hard to respond to inquiries from clients asking for updates on their container transport. "We're facing a very unpredictable freight market, and no one knows exactly how this will unfold in the coming weeks," says DSV executive to ShippingWatch.

Shippers say the EU disregards container carriers' poor service

Customers of container carriers have urged the European Commission to take action against liner companies' high rates and poor service. After yet another unsuccessful meeting with the EU competition authorities, shippers are now proposing a new arrangement to ensure "ethical cooperation".

Suez Canal Auhority considers launching "Plan C"

After a weekend of continued attempts to refloat Ever Given, the Suez Canal Authority considers introducing new meassures named Plan C which involves the complex offloading of containers, writes media Egypt Today.

A.P. Møller Holding expects even bigger profit in 2021

The Mærsk family's holding company boosts its profits in 2020, during which the container market in particular helped raise the bottom line despite the global outbreak of the coronavirus. The holding company expects to land an even better result this year.

Authorities bank on tide to help refloat grounded ship in Suez Canal

Authorities are now relying on the tide to refloat grounded Ever Given in the Suez Canal. If unsuccessful, it may take another 14 days, as that is when the high tide returns, according to an assessment. More than 200 ships are so far queued up. Friday, another attempt to refloat the vessel failed, ship manager informs ShippingWatch.

Maersk considers air routes to circumvent blocked Suez Canal

Maersk is now looking at alternative routes and contemplates air solutions for particularly time-sensitive cargoes. Egypt authorities continue the attempt to refloat grounded Ever Given in the Suez Canal, which is blocking all passage. Meanwhile, a salvage company tells Dutch media that the operation may take weeks. Updated.

Ceva Logistics misses its 2020 breakeven target

Ceva Logistics, CMA CGM's logistics business, will not reach its target of black numbers on the bottom line in 2020. The year of the coronavirus pandemic brought a loss of more than USD 100 million, far below the target set out by the management.

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