China Eyes Stabilizing Prices in Container Shipping Market

  • China’s Ministry for Commerce to step in to stabilize the container shipping market.
  • Ministry is in talks with the ministry of transport and other related departments to adopt measures to increase shipping capacity and stabilize freight rates.
  • Media speculation indicates shipping lines could be called to a series of meetings to discuss the container shortage and high rates.

A LoadStar news reveals that China is taking adequate steps to stabilize the container shipping market.

Lines will be...

High Demand & Rigorous Costs Help Hapag-Lloyd Upgrade Q3 Profits

  • Performance of container shipping market and Hapag-Lloyd in Q3 much better than anticipated.
  • Compared to Q2 much stronger demand and higher revenues in Q3.
  • Performance Safeguarding Program running successfully.

According to a recent Hapag-Lloyd press release published in its website, Hapag-Lloyd updates forecast for financial year 2020.

Hapag-Lloyd’s earnings increase

On the basis of preliminary figures, Hapag-Lloyd’s earnings before interest and taxes (EBIT) for the third quarter 2020...

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.