Rota Optimizasyonu

The company plans to source 80% of parts for vehicle manufacturing in the region from local suppliers by 2030, President and CEO José Muñoz said. 

Cargo owners want more details on why carriers feel confident that it is safe to send fully laden vessels through the Red Sea despite ongoing security risks, the Global Shippers Forum says.

The volume of companies’ duty payments to the federal government remains far above the pre-2025 norm, according to a recent JPMorganChase Institute analysis.

This year’s peak season surcharges are pricier than in 2025, placing further pressure on shippers already battered by fuel fees.

An already strong peak shipping season is forecast to end with a bang this month as vessel delays in China and draft restrictions along the Panama Canal push robust imports into early fall, the National Retail Federation says.

Although prices have gone down slightly, they are roughly in line with 2024 peak season levels during Red Sea and East Coast labor disruptions.

Tung took over running the family shipping interests, which included Orient Overseas Container Line and bulk operator Island Navigation, in 1982 following the death of his shipping magnate father, but immediately faced the fallout from a global shipping industry crisis.

The company’s pivot to focus on software applications in lieu of developing its freight marketplace has led to stagnation of the business and its share price, former CEO Zvi Schreiber asserts.

The company is working through a backlog after the cyberattack hampered manufacturing, order processing and shipping.

Strong time charter rates that have hardly moved in recent years and ongoing robust demand are keeping aging multipurpose vessels on the water.