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Spot rates hit unprecedented highs from Asia to Europe

Spiking freight rates have surged by 25% on the Asia to North Europe and the Mediterranean over the last week and now stand at...

Container shipping on the Pacific ‘slides’ into New Year with new challenges

Ocean Network Express (ONE) brings some welcome news with the first signs that the challenges faced by logisticians are being overcome with eh announcement...

Two sides of the same coin

Modern industries demand better service levels and the pandemic has spurred the process of change in the supply chain. Next year could be a...

Trade lane competition set to feature in 2021

Shippers should prepare themselves for greater competition between trade lanes in 2021, as global carriers capitalise on having the upper hand in upcoming contract...

Updated: Shippers blame carriers for entirely predictable US container graveyard

Shippers are not buying into the box shortage paradigm, that the dearth of containers in Asia is caused by the pandemic, presented by shipping...

Breakdown in trust leaves shippers outraged at vessel operators

Beneficial cargo owners believe that there has been an erosion of trust between service provider and customer that has left shippers shocked and angered...

Record-breaking Asia-ECSA rates top dizzying USWC charges

Unprecedented spot rates approaching US$4,000/FEU moving from Shanghai to Brazil’s principal port Santos have surpassed the cost of shipping the same box from Asia...

Container lines on track for US$15bn pandemic windfall

Runaway freight rates in the second and third quarters have had analysts scrambling to re-write doomsayer forecasts published as recently as June to predict...

Rate climb mirrors carrier capacity management

Headhaul spot rates on the Pacific mirrored the capacity management by the lines with the rates climbing as the capacity on the trade reached...

HMM sees profit as Transpacific builds on peak season demand

Profits on considerably lower volumes are the trend in this pandemic blighted year. But South Korea’s serial underachievers at HMM, normally the onion in...
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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...

Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...
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