Latest News Zim reports Q1 loss, with bunker impact expected to worsen in Q2 UK government scraps proposed fuel duty increase in relief move for truckers Spot rate surge may signal early peak season on trans-Pacific Hapag-Lloyd scales up biofuel transport services with forwarder partners US ports outline spending goals in push to reshore crane making More News ✕ More News & Analysis Zim reports Q1 loss, with bunker impact expected to worsen in Q2 CEO Eli Glickman did not offer earnings guidance due to the pending merger with Hapag-Lloyd, but said the war-driven surge in oil prices will likely drag Zim’s results down further in the second quarter. UK government scraps proposed fuel duty increase in relief move for truckers The decision comes as wholesale diesel prices in Britain have increased 40% in the last month and logistics businesses are finding it difficult to manage ever-increasing cost pressures. Spot rate surge may signal early peak season on trans-Pacific The underlying strength of that peak is unclear, however, with blank sailings, fuel-linked surcharges and a changeover in annual service contracts all putting upward pressure on spot and FAK rates.