News

Orient Overseas (International) Limited (“OOIL”) has reported a profit attributable to equity holders of US$954.2 million for the six months ending June 30, 2025. This marks a significant increase from the US$833.3 million profit recorded during the same period in 2024.

The Canadian government intervened on Saturday, mandating Air Canada and its flight attendants to return to the bargaining table and submit to binding arbitration. This decision came just 12 hours after flight attendants initiated a strike, temporarily halting operations for the nation’s flagship carrier.

Hapag-Lloyd closed the first half of 2025 with a Group EBITDA of USD 1.9 billion (EUR 1.8 billion), while EBIT declined to USD 0.7 billion (EUR 0.6 billion) and net profit to USD 0.8 billion (EUR 0.7 billion). The company pointed to volatile U.S. trade policies, port congestion, and heightened security concerns in the Red Sea as key operational hurdles.

We are delighted to welcome Eastrong International Logistics, based in Subang Jaya, Malaysia, as the newest member of Apollo Global Experts! Welcome aboard! We are excited to collaborate and build a strong, productive partnership. 🙌

CK Hutchison Holdings Limited has reported a sharp 92% drop in profit attributable to shareholders, landing at HK$852 million. The decline is primarily due to a non-cash loss stemming from the merger of its telecommunications division with Vodafone Group Plc.

In a race to outpace rising tariffs, the Port of Los Angeles achieved a historic milestone in July, moving over 1 million TEUs (twenty-foot equivalent units) in a single month, Executive Director Gene Seroka announced on Wednesday, August 13. This new record surpasses the previous high set in May 2021 by 8,000 containers.

The Panama Canal will soon begin consultations with companies about launching a competitive tender in the first quarter of next year offering two new ports for construction and operation within its zone, a source involved in the preparations said on Thursday.

Both container shipping companies have reported year-over-year drops in turnover, signaling a challenging market environment.

The European Sea Ports Organisation (ESPO) has just dropped a game-changing report at its annual conference in Paris: the ESPO Port Investment Study 2024. This landmark study dives deep into the investment needs and challenges of European ports, revealing their evolving roles in a rapidly changing world.

The International Air Cargo Association (TIACA) and Air Cargo Forum India (ACFI) have signed a landmark Memorandum of Understanding (MoU) during the ACFI Annual Conclave 2025. This partnership is set to amplify the role of air cargo in driving economic and social progress across India and the broader region.

Maersk Outperforms Expectations with Strong Q2 Results

A.P. Moller – Maersk A/S (Maersk) has delivered a solid performance in Q2, with revenue climbing 2.8% and EBIT reaching USD 845m. While sequentially softer, these results align with last year’s performance despite ongoing geopolitical challenges and rate pressures.

This success was fueled by robust growth across Terminals, Ocean, and Logistics & Services, underpinned by operational excellence and disciplined cost management across all segments. With resilient demand outside North America, Maersk has raised its full-year 2025 financial guidance.

The Arctic summer navigation season is heating up, and Chinese shipping companies are making waves—literally. With a focus on speed and efficiency, several operators are leveraging the Northern Sea Route (NSR) to slash transit times between Asia and Europe.