Felicity Ace fire may cost VW, Porsche, Audi $155mn: Russell
21 Feb 2022 2:51 PM ISTThe ship was carrying more than 4,000 cars, according to various news sources
H1 revenue of over Rs 4,000cr, TVS Supply Chain Solutions plans IPO
16 Feb 2022 8:38 PM ISTObjectives of the offer include repayment of Rs 1,160 crore outstandings and capitalisation of subsidiaries.
Pressure to continue across U.S. ports, shipping rates to remain high
16 Feb 2022 1:41 PM ISTThere is a 60% increase in vessels on the Asia-North America East Coast trade lane in the coming months
Schedule reliability plunges to 35.8% in 2021; 14% sailings cancelled
8 Feb 2022 6:07 PM ISTThe schedule reliability of global carriers dropped from 78 percent in 2019 to 63.9 percent in 2020 and then to 35.8 percent in 2021 - the lowest...
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...
