Freight rates down marginally but CNY “clearly different”
2 Feb 2022 1:51 PM ISTThe Shanghai-Los Angeles short-term freight rates for 40' standard dry container dropped slightly ($8,044–$8,035) in the first two weeks of January...
Transpost addressing market with unique services for customs brokers, SME freight forwarders
1 Feb 2022 8:20 PM ISTTranspost is a digital platform managed by Nebiar Technologies and Solutions, specifically made to be an operating system for licensed customs brokers...
Maersk to share 9 million weather observations to aid climate studies
27 Jan 2022 4:06 PM ISTDanish carrier A.P.Moller–Maersk (Maersk) will release all historical and future ocean weather observations into the public domain for free use by the...
No drop in US consumer demand; 300,000 TEUs more deployed in 2022
27 Jan 2022 12:07 PM ISTContainer capacity deployed in the four-week period in 2022 on the Asia-North America West Coast is 1.29 million TEUs, a massive 300,000 TEU higher...
Ocean carriers likely to see $200 billion profits in 2022
24 Jan 2022 7:11 PM ISTOcean carriers are likely to report a combined profit of $200 billion (at a margin of 37 percent) in 2022 against the revised estimate of $190 billion...
Freight rates continue to climb, no decline in congestion at ports
21 Jan 2022 12:45 PM IST2022 has been off to an ominous start for shippers - no let-up in climbing freight rates, port congestion globally at higher levels and demand...
Maersk Growth invests in $17 million funding round of 7bridges
17 Jan 2022 6:05 PM ISTMaersk Growth, the venture arm of Danish carrier A.P. Moller-Maersk, announced an investment in 7bridges, an AI-powered logistics platform.
Container carriers order 550 ships in 2021, up nearly 400%; Maersk warns of tough times
12 Jan 2022 12:30 PM ISTNew building orders for container vessels increased 386 percent to 555 for the year to date (YTD) December 2021 compared to 114 in 2020 and 107 in...
Container turnaround time accelerates in Asia but congestion in US/Europe ports delay supply chain recovery
11 Jan 2022 7:26 AM ISTContainers are moving in and out of China at record speeds as shippers desperately source capacity but port congestion in Europe and the US continues...
New York Fed draws up new supply chain index but does it capture the real issues?
10 Jan 2022 8:26 AM ISTThe Global Supply Chain Pressure Index (GSCPI), a new barometer developed by the New York Federal Reserve, is an attempt to integrate commonly used...
MSC largest ocean carrier by operated vessel capacity
6 Jan 2022 1:19 PM ISTSome 52 years after its foundation in 1970, Mediterranean Shipping Company (MSC) overtook Maersk Group of Denmark as the world’s biggest container...
Maersk restricting access to freight forwarders draw FIATA ire; Maersk says difficult to meet demand
5 Jan 2022 6:50 PM ISTThe recent notices to users of freight services of A.P. Moller–Maersk Group and its integrated services restricting access in many economies through...
