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,
China – US West Coast transit more than doubles to 36 days
SHANGHAI : With vessels queued outside Californian ports for weeks the average transit time from China to the US West Coast have more than doubled. The average transit time from major Chinese ports to
Time to recognise the value of the dry bulk sector says INTERCARGO
NEW YORK : As news headlines underscore the quality and flexibility of the bulk sector fleet in meeting the challenges of current trade disruptions, Mr. Dimitris Fafalios, Chairman of INTERCARGO believes that now is
Samsara Group handles first of its kind STS Operation at Syama Prasad Mookherjee Port, Kolkata
KOLKATA : Samsara Group is pleased to be associated with the historic moment of handling first of its kind LPG cargo STS (Ship to Ship Transfer) operation at Sandheads on 15th -16th Oct 2021
SCI starts new service to West Asia
MUMBAI : Shipping Corporation of India Ltd (SCI) has started a new container shipping service linking India with West Asian ports such as Jebel Ali and Hamad. The service will connect Kandla – Mundra