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Monday, June 21, 2021
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Tag: Freightos

Desperate shippers swallow contract rates at double 2020 Levels

Early indications from the annual contract negotiations being closed between beneficial cargo owners and carriers point to shippers paying up to three times as...

FMC Turns Up the Heat on Container Lines for Rejecting Agro Exports

The Federal Maritime Commission (FMC) has threatened to use all of its possible powers to overturn international carriers' decision to drop agricultural exports in...

China/USEC rates break through US$4,000 barrier

The widely forecast US$4,000/FEU box between China and US east coast ports has landed as soaring demand from US consumers meets clever supply-side management...

US buying frenzy a contrast to European market serenity

In a typically English and understated way, one analyst thinks the US import market behaviour is “odd”, while another observer said, “we’re in unprecedented...

Chinese factories see September orders slow

Surveys conducted by US based freight forwarders are showing that factories in China could be experiencing a slow in orders that will hit the...

Foolhardy forecasts and trading places

Even as some 21 states postpone the roll back on plans to ease their lockdown regimes and the International Maritime Fund (IMF) has revised...

Resilient Maersk reports higher earnings in face of economic headwinds

Remarkably AP Møller - Mærsk A/S (APMM) has said that it expects to have a higher second quarter income than it achieved in the...

Spot rates push upward as cargo demand increases

Rates out of China on the two major trades to Europe and the US have seen a surge in spot rates over the last...

Surge in ecclesiastical metaphors are driving trade redemption

Following DNV GL’s maritime renaissance PSA International is claiming an industrial reformation as the pace of change accelerates and the adoption of new technologies...

Known unknowns add up to a complex Pacific contract picture

Complexities in managing annual cargo rate negotiations have been exposed by the Covid-19 virus with shippers and forwarders struggling to understand what cargo commitments...
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THE Alliance withdraws Rotterdam call from F4 service

THE Alliance has decided to terminate calling Rotterdam on the Eastbound rotation of its Far East Loop 4 (FE4) for a period of seven...

ZIM and Alibaba extend commercial partnership

The Israeli shipping company, ZIM and Alibaba.com, the world's leading B2B eCommerce platform, have confirmed the extension of their cooperation agreement for two more...

2M Alliance to adjust Asia-Europe services programme

2M Alliance has decided to adjust the sailing programme of its Asia-Europe network in order to manage the recent challenging situation of severe port...

ONE partners with Rutgers Business School

Ocean Network Express (ONE) has entered into a partnership with Rutgers Business School (RBS) in June 2021 to gain direct outreach to RBS' academic resources...