Hutchison megadeal reveals dark side of container shipping
What money cannot buy
Container freight spot rates on the major trades continued to slide this week, forcing carriers to prepare price hikes for next month, particularly on the Asia-Europe trades.
In response to weeks of falling spot rates, carriers announced a series of new FAK [freight all kinds] levels for ex-Asia shipments to North Europe and Mediterranean ports.
Drewery’s World Container Index (WCI), which records prices paid over the past seven days, saw its Shanghai-Rotterdam leg decline 8% week on week, to $2,887 per 40ft, ...
Freightmate 'a product of theft, not ingenuity' says Flexport
China hits out at Hutchison plan to sell Panama port holdings to MSC
Liners plan more rate hikes to halt renewed container spot rates decline
TPM: Forwarders need 'clout' to survive as the ocean carriers move in
Maersk vessel forced to omit Cape Town as congestion mounts
Resumption of Suez transits in doubt after return of Red Sea hostilities
Cyber-attacks a bigger threat to cargo owners than cargo ships
US CBP sees 90% fall in revenue last month; airfreight sees ecomm slide
Comment on this article