Container shipping rates from China to the United States have scaled fresh highs above $20,000 per 40-foot box as rising retailer orders ahead of the peak U.S. shopping season add strain to global supply chains.The acceleration in Delta-variant…
The ports of Los Angeles and Long Beach continue their record-breaking start to the year, exceeding pre-pandemic records again and again. Already under pressure to handle a throughput that has broken the pre-pandemic record every month for 11 months in a row…
Congestion at container shipping ports in southern China is worsening as authorities step up disinfection measures amid a flare-up in COVID-19 cases, causing the biggest backlog since at least 2019.More than 150 coronavirus cases have been reported in Guangdong province…
The Valencia Containerized Freight Index (VCFI) exceeds 2,000 points with a growth in April of 17.39%The Valencia Containerized Freight Index (VCFI) continues its upward trend, reaching 2,314.89 points in April, an increase of 17.39% over the previous month…
Viking Life-Saving Equipment has acquired HydroPen, the company behind the unique HydroPen container firefighting solution. HydroPen, attached to a ship’s hose and raised on a telescopic arm by a single crew member, uses water pressure alone…
North American import of containerized goods from the Far East soared to a noteworthy high of 1.62m TEU during February 2021, a 100% increase from the low point of the same month last year. Fueled by US stimulus, volumes moving on the trans…
The lucrative prospect of transporting COVID-19 vaccines by sea has intensified the spotlight on the maritime industry’s cold supply chain and its ability to carry high-value pharmaceuticals.At present, speed to market is critical to stemming the spread of the pandemic…
In the full year of 2020, global container shipping volumes fell by 1.2% compared with 2019, much less than feared even before the pandemic was first declared, and much recovered compared with the 6.8% drop recorded in the first six months of the year…
With historically high freight rates, fleet utilization and demand, there is no end in sight for the red-hot containership market.Container shipping giant Hapag-Lloyd CEO Rolf Habben Jansen candidly said “nobody saw this coming” as “we’ve seen a spending shift from services to goods”…
Container shipping firm Hapag-Lloyd said surging demand for bulky goods like exercise equipment from locked-down consumers may flatten out in the second or early third quarter, helping to ease disrupted shipping logistics.'Things will normalize…
Despite the alarming headlines in the spring of last year, container shipping proved remarkably resilient in 2020 in terms of volumes as well as freight rates. After a 5.0 million TEU (7.3%) drop in volumes in the first five months of the year…
As spot container freight rates entered December, they also entered record-braking territory, climbing from $3,076 per FEU on the last day of November to $4,858 per FEU on first day of December. This was a milestone in its own way.Since then…
Treasury bonds are issued for the Port of Gdynia Authority S.A. (PGA) to secure funds for the Outer Port Gdynia construction project, funding to be invested in building the access infrastructure in the form of breakwaters.The Port of Gdynia Authority S…
Soren Toft started his new role as CEO at MSC Mediterranean Shipping Company on December 2, 2020, reporting to Diego Aponte, MSC Group President, and Gianluigi Aponte, Founder and MSC Group Chairman.Toft will oversees MSC’s global cargo businesses including ocean liner and logistics…
Strong demand for container shipping space on major trade lanes from Asia to Europe and North America saw cargo rollovers increase month-on-month in October as carriers struggled to keep ocean supply chains operating smoothly.Overall container…
