Container freight rates to hit 2016 levels
HONG KONG : Overcapacity and stalling demand are driving container shipping rates to new lows, according to the latest Market Pulse report from consultant Linerlytica. Asia to Europe
Freightify secures US$12 million funding round to boost digital transformation of freight forwarding
SINGAPORE : Freightify announced a US$12 million debt & equity Series A funding round to help power the digital transformation of freight forwarders through its solutions. The company’s
DB Schenker’s new CEO of Greater China Cluster is Vishal Sharma
MUMBAI : From today December 1, 2021, Vishal Sharma will assume the role of CEO of the Greater China Cluster for DB Schenker. Vishal has led the Indian
Freight cost between China, US likely to hit new high amid Omicron breakout
NEW YORK : The unknowns of the new Omicron variant could exacerbate the US port logjam and push freight costs from China to the US’ West Coast to
Japan – US box trade declines for first time after February
Container exports from Japan to the United States in October decreased by 1.9% over the same month of last year to 43,823TEU, which translates to the first year-on-year contraction
Sub-continent shippers and forwarders switch to bulkers to stay profitable
MUMBAI : As container pricing and related supply chain challenges mount amid wild demand swings and capacity imbalances, Indian and Bangladeshi shippers and freight forwarders – in co-ordination
EXG appoints Behram Sabawala as Chief Strategy Officer
MUMBAI : Express Global Logistics (EXG), a leading and trusted full service logistics provider are pleased to announce the appointment of Mr. Behram Sabawala as Chief Strategy Officer (CSO). As a CSO, Mr.Behram
JSR Group appoints Laxmi Narayan Gupta as Chairman
AHMEDABAD : JSR Shipping Services India Pvt Ltd (JSR) pleased to announce appointment of Mr. Laxmi Narayan Gupta (Retired Govt. Officer) as new Chairman of the company from 5th OCT 2021.
Panama Canal breaks freight record despite pandemic crisis
The new record comes despite the global trade crisis caused by supply chain failures and port congestion created by the pandemic, which have caused shortages in some markets
Maersk seems to cut out freight forwarders to attract larger BCOs
COPENHAGEN : Maersk is expected to announce that it will only handle cargo from direct shippers from 1 November, cutting out freight forwarders, In an effort to attract