Spotlight on the state of the sector
LONDON : It has been immensely challenging year for the ports and terminals industry so far. Supply chain disruptions have put a spotlight on the importance of digital
Shippers struggle as container carriers’ earnings skyrocket
Importers and exporters are facing a rapidly disintegrating container shipping market as deployed capacity fails to keep pace with returning consumer and business demand and shipping rates escalate
CMA CGM posts record $3.5bn profit for Q2 – and promises more to come
MERSEILLES : CMA CGM has posted an astonishing 2,500% increase in its net profit, to $3.5bn, for the second quarter, compared with the same period of last year.
Captain Of Evergreen’s Mega-Container Ship Felicitated After Vessel Transits Suez Canal Successful
TAIWAN : Evergreen Marine Corp’s newest cargo ship, the Ever Ace, crossed the Suez Canal without a hitch , prompting the Egyptian authorities to call for a celebration.
DP World near deal to build Bangladesh’s largest rail ICD
DUBAI : Talks between UAE-based DP World and the government of Bangladesh are advancing regarding the construction of Bangladesh’s largest rail container depot in Gazipur district, close to
Shortages push Freight Rates to New High
LONDON : Global shipping costs have soared to record highs after an August price surge fuelled by the scramble by firms to combat severe supply shortages as port
Containership order book doubled up in 2021 : BIMCO
COPENHAGEN : Freight rates are record high, record amounts of cargo are shipped across the Pacific Ocean, as well as globally, and the previous yearly record for new
All-inclusive rates inch up as shippers compete for space
LONDON : All-inclusive premium bookings heard in the US marketplace inched upwards during the week to Aug. 27 as port congestions on both sides of the Pacific supported
World’s first Autonomous, Electric cargo ship to make voyage with zero crew onboard in November 20
NORWAY : A Norwegian company called Yara International claims to have created the world’s first zero-emission ship that can also transport cargo autonomously. The Yara Birkeland electric cargo
The shipping crisis is getting worse. Here’s what that means for holiday shopping
LONDON : The vast network of ports, container vessels and trucking companies that moves goods around the world is badly tangled, and the cost of shipping is skyrocketing.