South Korea is investing $573 million in a new feeder terminal to strengthen Busan’s status as the leading transshipment hub in North Asia. The port will undertake two significant initiatives: the terminal development project and the implementation of a real-time data-sharing platform. In 2024, transshipment accounted for 55% of Busan’s total volume, reaching 13.5 million
Trade tensions, excess vessel capacity, and softening demand are dampening the container shipping marketing outlook for the second half of 2025. Ocean carriers are adjusting their full-year profit forecasts downwards as these challenges weigh on performance and expectations for a strong peak season diminish. Japan’s Ocean Network Express (ONE) revised its full-year net profit projection
U.S. rail operators, Union Pacific and Norfolk Southern, have agreed to an $85 billion merger that would create the first transcontinental railroad in the U.S., aiming to close the deal by early 2027. The merged company will retain the Union Pacific name and will link Union Pacific’s Western network with Norfolk Southern’s Eastern routes. According
Matson Inc, the U.S. owned carrier operating in the Pacific has suspended all transport of electric and plug-in hybrid vehicles across its fleet, citing safety concerns over lithium-ion batteries. The move comes in the wake of several dangerous fires at sea linked to electric vehicles (EVs), including the recent June sinking of the Morning Midas
Yang Ming Marine Transport is expanding its fleet with three new 8,000 TEU methanol dual-fuel-ready containerships. These vessels, to be built by Japan’s Nihon Shipyard, are scheduled for delivery between 2028 and 2030. The deal is valued between $351 million and $394 million, as disclosed in a recent stock exchange filing. Yang Ming is continuing to
The Port of Rotterdam experienced significant congestion in handling continer flows in the first half of 2025. The arrival of more than 100 vessels with call sizes of over 12,000 TEUs underscored the urgency of the situation. Despite the challenge, the Port of Rotterdam reclaimed its status as Europe’s busiest container port, handling 7 million
The C919 is China’s first domestically developed narrow-body passenger jet, manufactured by the state-run Commercial Aircraft Corporation of China (COMAC). This development marks a significant step toward greater technological independence for China and may influence the global aviation market. Although, the South China Morning Post (SCMP) pointed out that it still faces tough competition from long-established
The U.S. LTL freight classification system is about to change. On July 19, 2025, the National Motor Freight Traffic Association (NMFTA) will roll out a restructured version of the National Motor Freight Classification (NMFC). This is the most significant overhaul in nearly 90 years. The update centers on a shift to density-based freight classes. Thousands
Mediterranean Shipping Co. (MSC) has solidified its lead in the global container shipping market by adding more capacity than any other ocean carrier in the first half of 2025, according to Alphaliner. Through a mix of newbuilds and second-hand ships, MSC’s fleet grew by 5.5% and its total fleet has exceeded 6.6 million TEUs. Ocean
Insights from Chris Blowers, General Manager, Shipco UK In logistics, smaller freight forwarders sometimes question if global consolidators see value in their limited cargo volumes. Often, there is a perception that global operators prefer larger customers with predictable, high-volume shipments. However, at Shipco, the story is quite different. Smaller forwarders are essential customers who receive
Shipco Transport © 1997 – 2024. All Rights Reserved