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Philippines eyes status as regional logistics hub
Stories on our radar this morning from around the world
Shipping giant CMA CGM bottomline dips in 1Q 2024 + China fuel imports ramp up in April
Stories on our radar this morning from around the world
US imports from Chinese-reliant Vietnam hike amidst tariffs war
Is China indirectly exporting to the US? The US has boosted imports from Vietnam to make up for reduced trade from…
Hapag Lloyd and Ali Baba earnings dip in 1Q 2024
Hapag-Lloyd recorded a 84% y-o-y decrease in its bottomline to USD 325 mn in 1Q 2024 from USD 2.03 bn…
Amazon to invest USD 1.3 bn in its French operations + China hands over operations of Chinese-built railway to Ethiopia, Djibouti
Amazon will pour USD 1.3 bn (EUR 1.2 bn) worth of investments into its French operations, according to a press…
Hapag-Lloyd adds an ultra-large LNG new-build to its fleet
German shipping giant Hapag-Lloyd has added an ultra-large 24k TEU LNG-powered container ship from South Korean shipbuilder Hanwha Ocean to…
The US cracks down on chip exports to Huawei
No more chips to China’s Huawei: The US has withdrawn export licenses that allowed American companies — including Intel and…
Updates from DHL, Hapag-Lloyd, Ocean Network Express, and Amazon
DHL reported a 18.4% decrease in net income to EUR 743 mn in 1Q 2024, while revenues generated for the…
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