Shipping container crisis will possibly continue until mid-2022
SINGAPORE : With 90% of the world’s goods transported by sea, the current shipping crisis has resulted in spiralling costs and bottlenecks in global supply chains. The situation
YML to upgrade South-America service with 11,000 TEU newbuilding
TAIWAN : Yang Ming will add one new 11,000TEU container vessel, named YM Trust, chartered from Shoei Kisen Kaisha, Ltd. and built by Imabari Shipbuilding Co., Ltd. The
FuelEU can do more for the decarbonisation of shipping – in the EU and internationally
As part of the EU Green Deal, the FuelEU Maritime Regulation intended to promote demand for lower greenhouse gas fuels can play an important role in shipping’s journey
Engineering goods shipments cross $9 billion for the third month in a row,September analysis
NEW DELHI : Engineering goods shipments crossed $9 billion for the third month in a row in September with 22 out of 25 top export destinations such as
Shadow inflation: Shipping costs are up way more than you think
Name something that costs far more than it did before the pandemic that simultaneously gives you far less value for your money than it used to. Of all
Maersk to directly engage with shippers
COPENHAGEN : In an effort to attract larger shippers, Maersk is expected to announce that it will only handle cargo from direct shippers from 1 November, cutting out
International Chamber of Shipping Reports Progress on Carbon Pricing at IMO Working Group
The International Chamber of Shipping (ICS) has welcomed calls from the International Maritime Organization (IMO) for impact assessments to be submitted showing the likely effects of a carbon
CargoGulf launches new service on the Arabian Gulf-Pacific Trade
JEBEL ALI : CargoGulf, the leading independent global Non-Vessel Operating Common Carrier (NVOCC), extends its services to connect the Arabian Gulf and Sri Lanka to the Pacific Islands.
Container shipping rates entering extended period of volatility: Lars Jensen
The global container shipping industry is entering a period of volatility that will extend long after the current peak shipping season, with a return to pre-pandemic market conditions
The shipping crisis has gotten so bad that some companies are chartering air cargo planes for $2 mil
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