Hapag-Lloyd has achieved “an exceptionally strong start” of the year, according to the company’s CEO Rolf Habben Jansen, who expects a strong second quarter. The German ocean carrier has concluded the first quarter of 2022 with an EBITDA of US$5.3 billion, EBIT of US$4.8 billion, while the Hapag-Lloyd’s profit climbed to US$4.7 billion and revenues rose to US$9 billion. The…
April was the second-most productive month in the history of the Port of Virginia in Norfolk. The Virginia Port Authority said Tuesday that the Port of Virginia handled 323,244 twenty-foot equivalent units in April, up 12.9% year-over-year. The all-time record was set in December 2021, and April was just shy of missing the mark, by only 2,300 TEUs, according to the port…
It is déjà vu as China’s second-busiest container port, Ningbo port, is now on “yellow alert” after some Covid-19 cases were found. If Ningbo port, which was locked down last August, is locked down again, and with Shanghai continuing to be closed off for the third week, logistical bottlenecks will be further exacerbated. As of 11 April, Ningbo had 11 new…
