#om bali cargo

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...

Inside container shipping’s COVID-era money-printing machine

It’s a seemingly basic shipping formula: Liners operate a fleet of container vessels, whether owned or chartered, with total capacity measured in twenty-foot e...

Shipping snarls may last well into 2022

The top U.S. maritime regulator said stretched global supply chains pushing ocean-freight rates to record highs may stay strained into 2022, raising concerns about w...

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...

Maersk's ‘technical challenges’ with booking system not a cyber-attack

Maersk Line has confirmed that a failure of its booking systems was not due to a cyber-attack, but rather the result of a technical failure. The Danish carrier&rs...

Higher Shipping Fees Hurt Smaller Firms

Vietnamese exporters are struggling to send goods abroad despite high demand because of a nearly five-fold year-on-year surge in container shipping costs. Shipping...

South Korea opens new container shipping route to Vietnam

On May 24, Incheon Seaport Corporation announced that it has begun operating a new container route from Incheon port to ports in Thailand and Vietnam. Notably, th...

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...