#Freight Forwarding
Shippers Fret as ‘Opaque’ Detention and Demurrage Charges Soar
By Nick Savvides (The Loadstar) – A doubling of detention and demurrage charges (D&D) during the pandemic has resulted in complaints across the US, Euro...
Extreme Freight Rates Begin to Change Shippers' Calculations
The containerized shipping industry has been essential to global commerce for its low shipping costs. However, high freight rates are starting to have an impact on c...
Egypt signs non-disclosure deal over canal blockage compensation
CAIRO: Egypt has signed a non-disclosure agreement with the Japanese owner of a megaship that blocked the Suez Canal in March as it finalises a compensation agreemen...
Early agreement reached in dispute over Ever Given cargo ship which blocked Suez Canal
By The Associated Press The owners and insurers of the giant container ship that blocked the Suez Canal for nearly a week earlier this year have reached an agre...
South China Ports in Crisis as Congestion Spreads
By Sam Whelan (The Loadstar) – South China’s port congestion has gone from bad to worse – delays at Yantian are spilling over to nearby Shekou a...
CIMC boss sees no end to container crunch in 2021
The Chief Executive Officer (CEO) of the world's largest container manufacturer, China International Marine Containers (CIMC), predicts that the well-publicised...
Teleport Converts Two A320s Into Air Freighters
KUALA LUMPUR: AirAsia Group Bhd's cargo and logistics unit Teleport has operated its maiden freighter flight with a dedicated B737-800F aircraft, reinforcing its...
CIMC boss sees no end to container crunch in 2021
The Chief Executive Officer (CEO) of the world's largest container manufacturer, China International Marine Containers (CIMC), predicts that the well-publicised...
Container rates rocket even higher — and there’s no end in sight
Another week, another record for container shipping spot rates. And alarmingly for shippers, upward rate momentum is accelerating. Different indexes come up with dif...
Yokohama crowned worlds most efficient container port
The Japanese port of Yokohama has been crowned as the world’s most efficient box facility in a new study launched by the World Bank and data firm IHS Markit. A...
Hapag-Lloyd Places Huge Container Order to Combat Global Box Shortage
German shipping company Hapag-Lloyd has placed an order for 150,000 twenty-foot equivalent containers amid the pandemic-fueled container crunch in Asia and around th...
‘Madness’ at the Port of Los Angeles as Cargo Surge Breaks March and Year-to-Date Records
The Port of Los Angeles processed 957,599 Twenty-Foot Equivalent Units (TEUs) last month for a 113% leap compared to March 2020 when global trade slowed to a crawl a...
An ‘aggressive’ fight over containers is causing shipping costs to rocket by 300%
SINGAPORE — A critical shortage of containers is driving up shipping costs and delays for goods purchased from China. The pandemic and uneven global economic r...
Shippers and forwarders claim carriers breach contracts to demand higher rates
As Asia-Europe container spot rates continue to skyrocket, shippers and freight forwarders are accusing carriers of breaching short- and long-term contracts to &ldqu...
Freight forwarders feel the US$10k heat, in red-hot Asia/Europe market
Freight forwarders say that with Asia-Europe rates rising at least fivefold year-on-year, and total rates for some cargo having topped US$10,000/FEU, shippers are de...
03 November 2024
‘It’s all happening again.’ The supply chain is under strain
08 November 2024
Global Freight Rises But Shows Signs of Weakness in U.S.
23 Oktober 2024
Arctic Shipping Route to See First-Ever Panamax Containership
18 Oktober 2024