Logistics

APMT launches online portal for hazardous cargo documents

APMT launches online portal for hazardous cargo documents

APM Terminals (APMT) has developed a new online gateway to help shipping companies manage hazardous cargo documents more efficiently According to APMT, the initial version of the new global tool shortens the number of steps required to execute a crucial safety activity. Auto-completion and drop-down fields using standard IMDG terminology improve clarity and speed while…
ONE records booming profits as freight rates remain firm

ONE records booming profits as freight rates remain firm

Ocean Network Express (ONE) has logged a record first quarter of the financial year riding the wave of high freight rates, in spite of softening in demand In 1Q FY2022, ONE registered profits of $5.49 billion, an increase of $2.94 billion from the same period last year. Although port congestion showed signs of improvement, supply chain…
‘Swift normalisation’ not on the cards for container market

‘Swift normalisation’ not on the cards for container market

The container market has taken a turn in recent months, but high rates and carriers’ profits will not curb overnight as congestion still lingers at ports In its latest Container Forecast, Drewry has pointed out that the end of the container market bull run may be close as shipments along most trade routes are down…