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 the goods and services in the
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 freight forwarders. The Danish carrier has
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 price on the industry. Following the
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. The service begins on 19th October
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 almost certainly out of reach, according
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
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
Amazon and others commit to using zero-carbon shipping fuels by 2040
LONDON : Amazon.com Inc and IKEA are among commercial users of container shipping that will opt for zero-carbon marine fuels by 2040 in a new initiative aimed at speeding up decarbonisation in the maritime sector,