Since the beginning of 2021, container shipping spot freight rates have continued to rise due to port congestion and the major imbalance between demand and maritime container transport effective capacity.
Although these market-driven rate increases are expected to continue in the coming months, the Group has decided to put any further increases in spot freight rates on hold for …
China’s outbound shipments rose 25.6% in August from a year earlier, higher than the 19.3% increase in July, the General Administration of Customs said on August 7. The result also beat the 17% increase expected by economists polled by The Wall Street Journal.
Economists had predicted China’s exports to slow in August as global chip shortage and a coronavirus …
Before Santa arrives with a sleigh full of toys and gifts manufactured in Asia, kids of all ages will be dressing up for Halloween and adults will be decorating their homes. Halloween is among the most popular holidays in America, so the horrific congestion this year is no treat for the nation’s supply chain.
One retailer that relies solely …
COSCO group could overtake CMA CGM as the third-biggest container line if the latter does not acquire more ships.
COSCO now has 2.97 million TEUs of total operating capacity, compared with CMA CGM’s 3.01 million TEUs.
However, COSCO’s owned fleet stands at 1.55 million TEUs, compared with 1.23 million TEUs for CMA CGM. The rest of the capacities come from …
Five of the crew of 22 on an Evergreen intra-Asia vessel have been hospitalized following an outbreak of Covid-19 onboard.
The three Taiwanese and two Filipinos are part of the complement on the 2,800 TEUs Ever Balmy, which arrived at Wan Hai Lines’ container terminal on August 4.
The five were tested after developing fever and flu-like symptoms upon arrival …
Container lines are shaking up Europe’s waterways as they bypass barge operators to operate their own inland routes to service their demand for empties.
One source said two of the big five container lines, Maersk and MSC, had already begun operations, with three trips over the past 10 days moving between 4,000 and 6,000 TEUs of empty containers.
• Yard utilization remains high
• Rail dwell time remains at around 3 days
• Labour shortages impacting vessel discharges
• All terminals are operating normally
• Rail dwell time is currently at 4 days
• Vessel berth wait time remains at 3 days
• Yard utilization remains at 85%
• Rail dwell time increased …
The “stratospheric” freight rates and shipping lines’ huge Q2 profits have been slammed by cargo owners, and a new report claims the carrier alliances are “suppressing” cargo.
According to market research, container traffic grew 4% in Q2, up 22% year on year, returning close to pre-Covid levels of growth. Carriers were effectively full, at 90% utilization on most tradelines. …
Air freight’s annual peak season has arrived a month early, due to manufacturing production delays, ocean freight turmoil, and Covid-related air capacity reductions and regional lockdowns.
Forwarders are predicting ‘big chaos’, very high rates and demand significantly outstripping supply out of Asia.
The depleted workforce has led to a temporary ban on passenger freighters out of China, reducing already …
200 vehicles are waiting outside Dhaka’s International Airport, which is undergoing a perfect storm of construction works, high export demand and failing scanners.
Kabir Ahmed, president of the Bangladesh Freight Forwarders Association, said due to the absence of scheduled flights, exporters were almost fully dependent on freighter aircraft, which are not operating regularly to the country.
While there is …