Carriers put on a brave face amid further decline in ocean spot rates
Container spot freight rates on the main east-west trades saw another week of declines, although, ...
Intra-Asia carrier Asean Seas Line (ASL) and Israeli liner Zim are reducing their exposure to the China-Australia tradelane after freight rates plunged to less than 10% of levels a year ago.
China-Australia rates are averaging just $318 per teu, 91% down from $3,712 in April 2022.
ASL is backtracking on its expansion beyond Asian routes, reducing its now loss-making Australia China Express (ACX) – launched just six months ago – to just one ship, the 1,930 teu ASL Bauhinia, which will make ...
Freightmate 'a product of theft, not ingenuity' says Flexport
Ceva Logistics UK named and shamed as a 'serial late-payer'
China hits out at Hutchison plan to sell Panama port holdings to MSC
CMA CGM could build medium-size vessels in US, says Saade
Box ship in collision with tanker off UK coast
Mercedes-Benz places record order for SAF with DB Schenker
GXO Wincanton deal could see supermarkets funded to invest in new 3PL
Comment on this article