Pacific Shipping Sees Recovery in H1 Earnings An Analysis of the Shift from Loss to Profit

Pacific Shipping Sees Recovery in H1 Earnings An Analysis of the Shift from Loss to Profit

Pacific Shipping Company reported a net profit of $30.8 million for the first half of 2023, a significant improvement from last year's losses. The company noted that the recovery of the bulk carrier market and high operational load factors contributed to the positive performance. Looking ahead, the company remains optimistic about the recovery of the shipping market and plans to continue exploring investment opportunities in second-hand vessels. Additionally, in response to the 2020 low-sulfur regulations, the company is assessing compliance strategies.

08/01/2023 Logistics Industry Insights
Read More
Yingkou Port: Supporting the Belt and Road Strategy, Creating a New Landscape for Container Transportation

Yingkou Port: Supporting the Belt and Road Strategy, Creating a New Landscape for Container Transportation

Yingkou Port actively participates in the Belt and Road initiative, with a 4% increase in throughput in the first three quarters. Both foreign trade and container volumes have significantly risen, and new international trains to Europe have been launched, establishing a sea-rail intermodal network that enhances its role as a key transit hub in Northeast Asia. Domestic trade routes cover over 30 ports with 420 flights, promoting the port's digital transformation and integration into cross-border e-commerce. Yingkou Port demonstrates great development potential, contributing to regional economic growth.

11/21/2023 Logistics
Read More
WCO Chief Praises Uzbekistans Growing Trade Prospects

WCO Chief Praises Uzbekistans Growing Trade Prospects

In 2010, the WCO Secretary-General visited Uzbekistan, meeting with the President to focus on regional customs cooperation and economic development. As a double-landlocked country, Uzbekistan faces unique challenges but remains committed to trade liberalization, emphasizing the importance of the private sector and education. The WCO pledged its support, highlighting the role of customs in facilitating trade. A Memorandum of Understanding was signed with the Asian Development Bank (ADB) to jointly promote regional economic development. The visit underscored the importance of customs cooperation in fostering economic growth in Central Asia.

12/30/2025 Customs Knowledge
Read More
Trade Tensions Weaken Global Air Cargo Demand Amid Tariffs

Trade Tensions Weaken Global Air Cargo Demand Amid Tariffs

The Trump administration's tariff policies have increased uncertainty in the air freight market, with freight forwarders postponing negotiations and shippers favoring short-term agreements. Airlines may adjust routes, shifting capacity from China to Southeast Asia or the transatlantic market. Slowing e-commerce demand and regulatory changes are also impacting the market, with Shanghai-US air freight prices dropping significantly. Companies need to diversify their supply chains and optimize inventory management to mitigate trade risks. This includes exploring alternative sourcing locations and improving demand forecasting to reduce reliance on specific trade lanes.

01/08/2026 Logistics Industry Insights
Read More
Transpacific Trade Shifts Reshape Global Supply Chains

Transpacific Trade Shifts Reshape Global Supply Chains

The Transpacific trade lane is undergoing profound changes. US demand is driving capacity shifts, while the rise of Southeast Asia is reshaping the carrier landscape. Smaller carriers are emerging, and innovative services are becoming key to competition. Businesses need to pay attention to these trends and adjust their supply chain strategies. Leveraging technology and data-driven solutions is crucial for maintaining a competitive edge in this dynamic market. Companies must adapt to the evolving dynamics to thrive in the face of increasing competition and shifting global trade patterns.

01/19/2026 Logistics Industry Insights
Read More
North Carolina Ports Panama Canal Partner to Boost Asian Trade

North Carolina Ports Panama Canal Partner to Boost Asian Trade

The North Carolina State Ports Authority and the Panama Canal Authority have signed a Memorandum of Understanding to leverage the Panama Canal expansion and enhance the competitiveness of US East Coast ports by promoting the “all-water route.” The collaboration will focus on marketing, data exchange, information sharing, and joint training. This partnership aims to address shifts in global trade patterns and facilitate increased trade between Asia and the US East Coast. By working together, they seek to capitalize on opportunities presented by the expanded canal and strengthen their positions within the global supply chain.

01/29/2026 Logistics
Read More
Exploring the Charm and Potential of Zamboanga Port

Exploring the Charm and Potential of Zamboanga Port

Zamboanga Port is a significant international trade hub in southern Philippines with a rich history. The port facilities are continuously improving, featuring deep-water berths that serve as a major export center for products such as copra and timber. With an annual passenger volume exceeding 5.5 million, it connects Southeast Asia to global markets, and its potential for future development is highly anticipated.

07/24/2025 Port Encyclopedia
Read More
North American Container Imports Rise As Trade Policies Shift

North American Container Imports Rise As Trade Policies Shift

A Descartes report indicates a slight rebound in North American container imports, but trade policy changes continue to impact supply chains. Imports from China are declining, Southeast Asia is rising, and West Coast ports are recovering. Businesses need to pay attention to policy changes, diversify sourcing, optimize inventory, strengthen collaboration, and invest in technology to build more resilient supply chains.

01/15/2026 Logistics
Read More
West Coast Port Labor Dispute Threatens Supply Chains

West Coast Port Labor Dispute Threatens Supply Chains

This article delves into the ongoing negotiation deadlock between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA), uncovering the potential core demands of the ILWU and exploring its potential impact on the global supply chain. The article also provides recommendations for businesses to manage supply chain risks, emphasizing the importance of transparent demands and calling for collaborative efforts to ensure the smooth flow of global trade. It highlights the critical need for proactive measures to mitigate disruptions and maintain stability in the global logistics network.

01/28/2026 Logistics Industry Insights
Read More
CPKC Merger Transforms North American Rail Industry

CPKC Merger Transforms North American Rail Industry

The Kansas City Southern (KCS) merger was a fierce battle between Canadian Pacific (CP) and Canadian National (CN) for a strategic foothold in North American rail transport. The U.S. Surface Transportation Board's (STB) rejection of CN's bid put CP back in the lead, as its acquisition proposal offered greater regulatory certainty and strategic synergy. This merger will reshape the North American railway landscape, increase market concentration, and potentially improve service quality and facilitate cross-border trade. The CP-KCS combination aims to create a single North American rail network.

01/29/2026 Logistics
Read More