As supply chain crisis deepens Maersk diverts more vessels away from Felixstowe
FELIXTOWE : The world’s biggest shipping company has diverted another of its container vessels away from Britain’s largest port after warning congestion is causing “significant disruption” to the arrival of goods from Asia and the Far East. Maersk
The next inflation risk? Chinese suppliers to the U.S., booked for months, are raising prices by double digits
A spike in demand since the pandemic has led to a backlog of orders lasting until next April and has given the company enough confidence to raise prices by 10%. Rather than hurting demand,
Kuehne + Nagel reports performance excellence across all business units
SWITZERLAND : Strong global demand for transport services has boosted the Kuehne + Nagel Group’s latest quarterly financial results. All business units were reportedly able to exceed their prior-year results, in some cases significantly.
Maersk seems to cut out freight forwarders to attract larger BCOs
COPENHAGEN : Maersk is expected to announce that it will only handle cargo from direct shippers from 1 November, cutting out freight forwarders, In an effort to attract larger shippers . The Danish carrier
The shipping crisis has gotten so bad that some companies are chartering air cargo planes for $2 million or more for a single flight
The shipping crisis is driving some companies to ship their goods via air charters. A trans-Pacific Boeing 777 air freight charter has hit $2 million – more than double its peak pre-pandemic price. The shipping crisis is boosting
North America’s biggest container port faces record backlog
NEW YORK : Approximately 200,000 shipping containers remain on ships off the coast of Los Angeles as pandemic-related gridlock continues to disrupt various supply chains, according to Gene Seroka, the Executive Director of the
LNG shipping rates more than double in 2 weeks as power crisis drives demand
SINGAPORE : Tanker rates to ship liquefied natural gas (LNG) have more than doubled since the start of the month as a power crisis in Asia and Europe drives up demand for vessels, industry
How Maersk is reinventing itself through startup investments
COPENHAGEN : Shipping has never been in the spotlight like this, says Shereen Zarkani, Head of Maersk Growth. “In the past, you know, it never got all this attention and all this money.” All