FREIGHT NEWS
09/07
2021
The rising shortage of containers and sky-high freight rates are threatening Indian exports that had risen to a record in the first quarter of FY22. After attaining crisis proportions earlier in 2021, shipping containers are short of supply, increasing the logistics costs for the exporters and making the businesses uncompetitive.
07/07
2021
Maersk will launch two new weekly services on the transpacific in August to operate “exclusively” outside its 2M alliance with MSC and Zim slot charter partnership.
07/07
2021
CMA CGM has announced several peak season surcharges (PSS) from India and Pakistan to Latin America, effective from late June and July.
04/07
2021
The U.S. trade gap widened in May to the second-largest on record as imports increased faster than exports.
02/07
2021
While facing difficulties due to the impact of the Covid-19 pandemic, import-export and logistics businesses are worried international freight rates will continue to increase.
29/06
2021
The Port of Long Beach was founded 110 years ago today – June 24, 1911. According to the port’s website, it was “a wild dream scratched out of 800 acres of mudflats at the mouth of the Los Angeles River.”
29/06
2021
Today, Port of Antwerp CEO Jacques Vandermeiren met up with European Internal Market and Industry Commissioner Thierry Breton at the Port of Antwerp to discuss the Port’s role as a strategic transport, energy, and industrial hub in Europe.
24/06
2021
French container carrier, CMA CGM has announced a port congestion surcharge of US$250 per TEU for all types of cargo from Latin America to the Port of Oakland in the United States.