News

Red Sea shipping diversions may last a few more months due to Houthi pirate attacks says Hapag-Lloyd CEO Rolf Habben Jansen.

China’s $18.6 trillion economy has skirted some near-term downside risks as suggested by recent indicators, analysts said, buying officials more time to convince investors they can fire up a new growth engine for 2024 and the years ahead.

Russian official’s comments on integrating belt and road with Eurasian bloc signal fresh interest in Chinese strategy Moscow once viewed as challenge

The China-Europe Railway Express has injected vitality into Duisburg, a key transportation hub in the Ruhr region of Germany, and has opened up new development opportunities for the countries and cities along its route, a German professor has said.

The past week has seen an increase in attacks on shipping in the Red Sea, and a Houthi spokesperson has sparked fears of the ‘danger area’ expanding into the Arabian Sea.

While container spot rates on the transpacific are falling steadily week on week, the decline in Asia-Europe rates is accelerating, prompting ocean carriers to announce revised FAK (freight all kinds) rates for April on the tradelane.

Clarksons’ latest container shipping report said that weak «underlying» supply-demand fundamentals will materialise once the Red Sea disruption regresses.

China-made electric vehicles will make up more than a quarter of the EV sales in Europe this year, with the country’s share increasing by over 5% from a year earlier, according to a new policy analysis.

China made it easier to take out loans for buying personal cars as the country looks to its sprawling automotive sector to boost weakening consumer sentiment.

Deputy General Director of Russian Railways JSC and Head of the Center for Corporate Transportation Service Alexei Shilo sat down with us today to talk about the results of transportation development along this route last year and what plans they have in store for 2024.

Silk Road Shipping, China’s first cross-border e-commerce express container shipping alliance, reached a new milestone last week, when it deployed specially designed smart containers for the first time.

Amid the looming break-up of DB Schenker’s freight division, shippers using Germany’s railways also now face a very real hike in charges.

In a «negative as expected» year, Deutsche Bahn’s financial performance was again in the red. Losses were not avoided in 2023, and the Group’s freight subsidiary DB Cargo was no exception. The state-owned freight carrier did not meet the target of closing 2023 with a loss of 225 million euros. Instead, the company reported EBIT earnings of −497 million euros reducing the losses from the previous year, which amounted to −665 million euros.

Rolf Habben Jansen, CEO of Hapag-Lloyd, the world’s fifth-largest ocean carrier, tells CNBC he has an improved view on trade for the rest of 2024. Conversations with clients and other logistics companies have led the shipping CEO to a more optimistic view on demand in the second half of the year than projected in previous forecasts.

A new international freight train route linking Harbin, the capital of northeast China’s Heilongjiang Province, with Tilburg in the Netherlands, has been launched, becoming the first China-Europe freight train service connecting the border province with a city in the Netherlands.

South Korean feeder operator Sinokor is to suspend container shipping services to Russia’s Vostochny port, after the terminal operator there was listed in US renewed sanctions against Russia.

Ahead of Hapag-Lloyd’s 2023 annual report tomorrow, there is significant interest in the carrier’s provisional assessment of its first-quarter earnings, in light of the Red Sea diversions.

An overview of railway operations in the member states of the largest economic unions. A new joint analytics and information project by 1520International and Institute for Transport Economics and Development (IEDT).

An overview of railway operations in the member states of the largest economic unions. A new joint analytics and information project by 1520International and Institute for Transport Economics and Development (IEDT).