Global Container Market Forecaster – April 2023 : Container xChange
HAMBURG : The supply chain industryis hopeful of a better peak season this year and expects freight demand recovery in the Q2 of 2023, according to the recently published monthly container market forecaster for
COSCO Shipping Development sees fluctuating box market as sales, leasing revenue down
BEIJING : COSCO Shipping Development (CSD), the holding company for Dong Fang International Container, the world’s second-largest container manufacturer, said that net profit fell 35% year-on-year to US$568.57 million in 2022. Container sales fell
China-Russia vs US-EU: How global shipping is slowly splitting in two
NEW YORK : Another meeting between a House speaker and Taiwan’s president, another spike in tensions in the Taiwan Strait. Last summer’s meeting between Taiwan President Tsai Ing-wen and Nancy Pelosi prompted Chinese live-fire exercises.
Meratus introduces new SMARCO-Smart Container solution
SURABAYA : Indonesian shipping company Meratus has unveiled a new container solution, called SMARCO-Smart Container, aiming to increase the efficiency and security in box transportation. Meratus said that SMARCO’s advanced Internet of Things (IoT)
Russia-bound Jindal Stainless containers stuck at port of Antwerp
NEW DELHI : Five Russia-bound containers from India’s Jindal Stainless Ltd (JSL) have been stuck at the Belgian Port of Antwerp for around a year, unable to enter the European Union, the company said on Friday. “The containers are
DP World launches it’s first “Rail Linked Container Freight Station” at Hazira, Gujarat
SURAT : Dubai-based logistics firm DP World on Thursday announced the launch of a new rail-linked container freight station (CFS) at Hazira, in Gujarat. The facility is capable of handling up to 36,000 containers
Bangladesh starts exporting fruits using reefer containers
DHAKA : Bangladesh has started exporting fruits using reefer containers for the first time in the country’s history. Earlier, only potatoes were exported by seaways packed into containers. Usually, vegetables and fruits like mango are
Container movement to fall in 2023 : Mizuho Bank
TOKYO : Mizuho Bank‘s industry research division predicts that demand for maritime container transport will fall in 2023 in a study on current supply and demand trends and short-term forecasts in key industries. Mizuho