Global container shipper Hapag-Lloyd records H1 loss of $122 million on higher operational costs

Global container shipper Hapag-Lloyd recorded a net loss of $122.3 million in H1 compared with a loss of $44.6 million a year ago as its bunker fuel expenses, charter rates and intermodal cost increases were more than originally expected, it said. Bunker fuel prices rose by as high as 23% year on year to $385/mt
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  As the date for Britain’s exit from the European Union inches closer, the U.K. is in turmoil over how exactly that withdrawal will look. Since July, two high-profile pro-Brexit leaders, David Davis and Boris Johnson, have quit the cabinet and British Prime Minister Theresa May released a white paper outlining the government’s vision for
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China’s threats of new tariffs on $60 billion worth of U.S. imports will create shifts in the energy market, as American liquefied natural gas makes the list of goods Beijing will target, analysts said. The move to include LNG raised eyebrows as China had previously held back at including the fuel on the list of
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India is a source of growth for the global economy for the next few decades and it could be what China was for the world economy, the IMF said, as it suggested the Country to take steps towards more structural reforms. “India now contributes, in purchasing power parity measures, 15 per cent of the growth
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Data compiled by the International Coffee Organization (ICO) shows that global coffee exports rose 2.6 per cent in June 2018 from a year earlier to 10.45 million bags of 60 kg each. For the first nine months of the 2017/18 season that began on October 1 last year, coffee exports rose 0.3 per cent to
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LONDON: The medium term outlook for global container port demand growth is positive thanks to strong underlying economic momentum across the World’s major economies. While there may be clouds on the horizon in the form of tariff and trade war fears, economic fundamentals are likely to win-out in the long run, according to the Global
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Global stocks fell Thursday amid heightened concerns over the escalating trade dispute between the U.S. and China. The Stoxx Europe 600 was down 0.3% in early morning trading, while in Asia the Shanghai Composite Index dropped 2% and Hong Kong’s Hang Seng fell 2.3%. Japan’s Nikkei and South Korea’s Kospi were also down, by 1%
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The medium term outlook for global container port demand growth is positive, thanks to strong underlying economic momentum across the world’s major economies. While there may be clouds on the horizon in the form of tariff and trade war fears, economic fundamentals are likely to win out in the long run, according to the Global
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The global freight forwarding market grew by 8.0% in 2017 – a rapid expansion compared with recent years and the biggest annual gain since 2010 •             The forwarding market and its largest players are embracing technology as they seek to transform their operations from within •             The entry of ‘tech forwarders’ – including digital forwarders
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Brazil’s Vale , the world’s top iron ore producer, forecast stable iron ore prices and rising premiums for its top quality ore thanks to strong demand from China, despite global trade tensions. In a conference call a day after posting solid second quarter results, executives also said that a business plan for Samarco, a disaster-hit
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