Freight News

 

'Every Ship That is Available is Sailing,' Says Hapag-Lloyd CEO

Feb 19, 2021

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”, with consumer spending for household products and goods soaring during the pandemic, as funds usually targeted to travel…

Video: Container Carrier Capacity Adjustment - Too Little, Too Late?

Oct 26, 2022

While drama in the container shipping sector has calmed a bit, container carriers still wrestle with unexpected drops in demand. Peter Sand, Xeneta, discusses vessel capacity moves and their likely impact on rates, as well as the first containership…

Port of Oakland Chief Seeks State Supply Chain Help

Nov 05, 2021

Speaking as President of the California Association of Port Authorities (CAPA), Port of Oakland Executive Director Danny Wan requested state help this week to ease a U.S. supply chain crisis. He called for increased collaboration and solutions…

BIMCO Number of the Week: Europe-bound Container spot rates Exceed $6,000

Dec 16, 2020

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…

INTERMODAL: Baltic Exchange launches Air Freight Indices

Nov 16, 2020

The Baltic Exchange has today (16 November) launched weekly air freight indices. It has partnered with established Hong Kong based air cargo pricing publisher TAC Index and the new indices include six outbound indices and 13 individual destination baskets…

Baltic Exchange Authorized as Benchmark Administrator in the EU

Mar 16, 2020

The Baltic Exchange’s subsidiary, Baltic Exchange Information Services Ltd (BEISL), has been authorized by the UK’s Financial Conduct Authority (FCA) as a benchmark administrator under EU Benchmark Regulation. This means that the Baltic Exchange’s daily dry bulk…

Baku Port Signs Major Asia-Europe Freight MoU

Nov 26, 2019

The Port of Baku,  Austrian ÖBB Rail Cargo Group and Cabooter Group (NL) signed an agreement to strengthen and expand the freight traffic from Europe to Central Asia and China via the Trans-Caspian International Transport Route (Middle Corridor)…

ABPmer Maps Shipping Cargo Value

Nov 18, 2019

Marine Management Organisation (MMO) has published results of a project undertaken by the UK-based marine consultancy  ABPmer, to develop a method to assign values to shipping cargo.The resulting mapping and information will improve the evidence base used in developing marine plan policies…

DHL Intros Fastest China-Germany Intermodal

Nov 14, 2019

DHL Global Forwarding, the ocean freight specialist of Deutsche Post DHL Group, is introducing the fastest rail freight connection between China and Germany in response to growing demand for rail freight services between Europe and Asia.The new rail service…

First Metrans Vectron Released

Nov 12, 2019

Rail freight operator Metrans received the first Vectron multi-system locomotive at its container terminal in Prague.The vehicle is part of an order of ten multi-system locomotives. They are being manufactured in the Siemens Mobility factory…

Xeneta Expects Further Disruption in Container Rates

Nov 01, 2019

Further disruption in ocean freight rates expected despite best efforts from leading carriers, according to Xeneta Container Rates Alert.Long-term contracted ocean freight rates for carriers continued their downward trend through the month of October…

Freight Forwarding Executive Guilty in Antitrust Case

Oct 28, 2019

Francis Alvarez, owner of a large freight forwarding company, pleaded guilty to an antitrust charge for her role in a multi-year, nationwide conspiracy to fix prices for international freight forwarding services, the Department of Justice has announced…

Oakland Port Gets Funding for Tech Program

Jun 02, 2019

The Alameda County Transportation Commission has received $12.45 million from the California Transportation Commission for the implementation of the Freight Intelligent Transportation System (FITS) program at the Port of Oakland.FITS includes…

VLGC Freight Rates Recover

May 19, 2019

The Very Large Gas Carrier (VLGC) freight rates started to recover towards the end of the first quarter as U.S. consumption reverted to seasonally lower levels pushing U.S. LPG prices down, widening the geographical LPG price arbitrage between the U…

Logistics News

EU Clears CMA CGM's Acquisition of Bollore Logistics, Subject to Conditions

EU Clears CMA CGM's Acquisition of Bollore Logistics, Subject to Conditions

ZIM Names Trio of LNG Containerships

ZIM Names Trio of LNG Containerships

Porto Chibatão Installs Four Harbor Cranes

Porto Chibatão Installs Four Harbor Cranes

Floating Production – A Growing Segment in Transition

Floating Production – A Growing Segment in Transition

Subscribe for Maritime Logistics Professional E‑News