#Cargo Service
Yang Ming finally places order for five 15,000 teu newbuildings
By Martina Li in Taiwan 17/01/2022 Yang Ming is to finally make a long-awaited order for neo-panamax newbuildings, more than a year after its peers bega...
Saudia Cargo hopes to add Europe-US freighter flights
Saudi Arabian Airlines is hoping to add a new freighter service between Europe and the US but has met some resistance from US carriers over the plans. In late Dec...
2022 shipping costs ‘will be higher than ever before’
Costs for shipping goods by container will be higher in 2022 than ever before, even if spot rates soften, according to Xeneta chief analyst, Peter Sand. Sand open...
European LNG Shortage Pulls More Tankers Away From Asia
By Sergio Chapa (Bloomberg) Higher natural gas prices and lower shipping rates are increasing the draw of U.S. liquefied natural gas cargoes to Europe over...
High air freight rates see flurry of applications to fly cargo into the US
High air freight rates have triggered a flurry of cargo applications from a wide range of airlines, big and small, to operate to the US. Hainan Airlines is to lau...
Singapore Remains Largest Bunker Port and Handles Record 37.5M TEU
Singapore remained the world’s busiest transshipment and bunkering port in 2021 despite the ongoing impact of the pandemic. Port officials are highlighting a n...
Older Containerships Enjoying Busy Year Ahead of New Emission Rules
Continued strong demand for container tonnage has resulted in many sizes now being totally ‘sold out’ and their resulting soaring asset values decimating...
Container Turnaround Times In Asia Accelerate, But Port Congestion In Europe And The Us Prevents Supply Chain Recovery
Containers are now moving in and out of China at record speeds as shippers desperately source capacity, but port congestion in Europe and the US continues to slow th...
Maersk provides a snapshot of growing port congestion around the world
Maersk has provided clients with a global congestion update with shippers warned they must brace for another tough year of bottlenecks and disruption. “Unfo...
PR launches reefer freight train
The containerised refrigerated train, carrying 24 units - 40 feet reefers, departed from the dry port of Marine International Container Terminal, Prem Nagar (Lahore)...
California plans $2.3bn investment in ports and supply chain
Unveiling his proposed budget on Monday California Gov. Galvin Newsom said that while action had been taken to alleviate supply chain disruption more investment...
Air cargo growth slowed “significantly” in November
Air cargo growth slowed in November as supply chain issues affected demand, according to airline association IATA. The group’s latest figures show that air...
US importers using box ships to store cargo – cheaper than warehouses
The combination of congestion at US west coast ports and low interest rates is allowing US importers to use containerships as ‘offshore warehouses’, miti...
Shipping group Maersk expects cargo delays to persist
Top container shipping firm A.P. Moller-Maersk on Tuesday warned its customers it was still struggling to move goods around the world as the easing of congestio...
2021: a year of Covid variants and milking the freight rate cash cow
Starting the year in lockdown and ending the year in lockdown, it all seems like a scene from the Bill Murray classic film Groundhog Day, but in between we did...
01 September 2024
Container Prices Double, Leasing Rates Triple in China
04 September 2024
Maersk sets new bar with shipping’s first climate target validation
06 September 2024
Port of Los Angeles Reports Another Busy Month for Cargo Volumes
09 Agustus 2024