Red Sea crisis expected to drive sea-air demand as Chinese New Year looms
A perfect storm of disruption in shipping, plus the early February start to Chinese New ...
Egypt’s government is offering potentially vast reductions on transit rates for container vessels in north and south Suez ports. Middle East Monitor is reporting that vessels transiting more than 3,332 containers will see a 50% reduction in rates. Vessels carrying 200 or more containers will also experience a 3% cut, while those transiting 500 or more will benefit from an 8% rate-drop. The move is aimed at addressing falling revenues at the canal, which last year reported a 3.2% drop to $5bn compared with $5.2bn in 2015.
Canadian government invokes 'red tape rule' to prevent rail strike
Carriers juggling capacity and port congestion 'taking us back to the dark days'
'Liner panic' as new container production hits a post-Covid peak
Vessel juggling leaves ocean alliances short of Asia-Europe capacity
E-retailer demand surge to drive extended boom in trans-Pacific air freight market
More checks and delays at Nhava Sheva after latest seizure of goods from China
California staff launch class action against Ceva over 'breaches of Labor Code'
East-west freight rates continue rise; even transatlantic edges up
Comment on this article