Carrier profits crash as freight rates bite in Q1 2026
Container shipping’s combined EBIT plummeted from $5.47 billion to $1.35 billion in Q1 2026, as freight rate declines of up to 26 per cent drove several of the world’s largest...
Xeneta warns shippers as spot rates surge 80 per cent
Container spot rates are surging across major trades, with early Xeneta data pointing to rates on the Far East to US West Coast Transpacific trade exceeding 80 per cent above...
WiseTech joins DCSA+ to advance shipping standards
The Digital Container Shipping Association (DCSA) has announced that WiseTech Global has joined its DCSA+ partnership programme. WiseTech, a major developer of logistics execution software and supply chain technology, including...
ONE updates UK-Ireland service link
Ocean Network Express (ONE) has revised its Irish Sea Express (IRX) service rotation in a move aimed at improving network efficiency and strengthening schedule reliability across its European short-sea offering....
Hapag-Lloyd Q1 hit by rates and disruption
Hapag-Lloyd has reported a weaker start to 2026, with lower freight rates and operational disruption from severe weather and the Strait of Hormuz blockage weighing on earnings. The carrier posted...
Red Sea, Strait of Hormuz crises reshape global shipping
The Strait of Hormuz disruption is reshaping disruption dynamics in container shipping, shifting the impact away from sea transit delays and into acute landside congestion at transhipment hubs, according to...
CMA CGM revises SIRIUS Transatlantic service
CMA CGM Group has updated its SIRIUS service linking the Mediterranean with the East Coast of South America. The French carrier has revised its rotation and refined call patterns as...
PIL posts $1 billion profit on strong volumes
Pacific International Lines (PIL) has posted net profit after tax of $1.04 billion for FY2025, driven by volume growth, high fleet utilisation and cost discipline, despite softer freight rates. Group...
Global liner reliability rises to 62.2 per cent
Global liner schedule reliability rose to 62.2 per cent in March 2026, according to Sea-Intelligence GLP issue 176, with carriers posting broad year-on-year gains despite persistent vessel delays. In March...
Hapag-Lloyd introduces Emergency Operation Charge
Hapag-Lloyd AG has announced the introduction of an Emergency Operation Charge (EOO/EOD) in response to rising costs across its feeder service network. The German carrier pointed to increasing fuel expenses...
Non-alliance Transpacific capacity falls to 10-year low
Non-alliance carriers are steadily pulling back from the Asia–North America West Coast trade lane, with capacity falling to a 10-year low as alliance structures continue to consolidate control over Transpacific...
CMA CGM strengthens Ireland-US route via Cork
CMA CGM has expanded its Transatlantic Panama Direct (PAD) service with the addition of a direct call at Cork, reinforcing connectivity between Ireland, North Europe and the US East Coast....
