DOWNWARD PRESSURE ON RATES: DEMAND OR SUPPLY DRIVEN?

July 19,2022

Given the recent decline in spot rates (below what could be explained by normal seasonality), maritime data analysis company Sea-Intelligence sought to answer a very relevant question: the downward pressure of spot rates is caused by supply or demand?

VIETNAM EXPORTS DURIAN TO CHINA VIA OFFICIAL CHANNELS

July 13, 2022

After passion fruit, durian has become the second Vietnamese fruit to get permission to enter the Chinese market via official channels.

FIATA CALLS FOR BALANCE AND FAIR MARITIME MARKET SYSTEM

July 01, 2022

The International Federation of Freight Forwarders Associations (FIATA) continues to call on industry stakeholders and market regulators to take action to ensure a balanced and fair trading system.

24-HOUR WARNING STRIKE AT GERMAN PORTS DUE TO BARGAINING DISPUTE

June 22, 2022

In the collective bargaining dispute with the Central Association of German Seaport Companies (ZDS), the German union, United Services Union (ver.di), has called several thousand employees in the seaports of Emden, Bremerhaven, Bremen, Brake, Wilhelmshaven and Hamburg to a 24-hour warning strike from Thursday morning, 23 June 2022 on.

US PRESIDENT BIDEN SIGNS THE OCEAN SHIPPING REFORM ACT INTO LAW

June 18, 2022

US president Joe Biden signed into law the Ocean Shipping Reform Act (OSRA) on 16 June, which authorizes appropriations for the Federal Maritime Commission (FMC) for fiscal years 2022 through 2025.

RECORD PRICES FOR CONTAINER NEWBUILD VESSELS

June 14,2022

Boxship newbuilding prices are hitting new all-time highs, as container freight levels show no sign of a substantial correction anytime soon.

SHIPPERS FEAR HIGHER FREIGHT COSTS DUE TO CARBON TAX

June 13,2022

Fear prevails in the Global Shippers Forum (GSF), the global business organisation which represents cargo owners exporting and importing to international supply chains.

SHIFL SEES POSSIBLE FURTHER REDUCTION IN FREIGHT RATES

June 06,2022

Freight rates, and especially the spot market ones, have fallen sharply since the beginning of the year, driven by declining consumer demand in the US market, according to the digital freight forwarding platform Shifl.

WAN HAI STARTS JAPAN – US LINER SERVICE

June 04/2022

Wan Hai Lines has launched a new service between 15 Japanese ports and both the US west and east coasts.

SHIPPING AGENTS THREATEN TO STOP CARRYING CARGOES TO AND FROM SRI LANKA

June 03,2022

Shipping agents in Sri Lanka have warned that shipping lines could stop accepting import and export cargo to and from Sri Lanka as they are failing to remit freight charges due to the ongoing severe foreign currency crises in the island nation.