The disasters directly affected many auto, electronics and other parts makers’ plants, causing disruptions to supply chains. They also caused the immediate shutdown of four nuclear power plants, including the Fukushima No.1 plant at the center of the ongoing nuclear crisis.
As a result, many factories in a wide range of industries, even in the [...]
Hanjin Shipping lost $28 million on container operations in the first quarter, compared with $23 million a year earlier, as rising fuel costs offset a 19 percent increase in container revenue.
The carrier said it plans “extensive cost-cutting measures” to offset the impact of rising capacity and oil prices.
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Despite showing the biggest decrease, the transpacific trade remained the most reliable of the three major east-west routes.
Container shipping service reliability has declined for the second successive quarter, in line with decreasing freight rates.
According to Drewry Maritime Research’s latest Schedule Reliability Insight report, the proportion of the 2,972 vessel calls arriving on [...]