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Ocean rates continue to ease post-Lunar New Year: Freightos analysis

Hostilities in the Red Sea intensified last week, and included the first seafarer casualties. But with most container traffic already avoiding the Suez Canal, demand...

Red Sea developments fail to overcome seasonal lull as rates correct

With the Chinese New Year over and liner operators adjusting their operations to accommodate the diversions round the Cape of Good Hope, rates have...

Strikes in Canada continue, alongside some peak season optimism: Freightos analysis

After four days without meetings, ILWU Canada talks with the BCMEA resumed Saturday (8 July) as the port worker strike entered its second week,...

Freightos lists on Nasdaq

After the closing of its business combination with a special purpose acquisition company, Gesher I Acquisition Corp., the Hong Kong-based global freight booking and...

Lars Jensen: Container market set to be “drastically different” in 2023

The Baltic Exchange, in collaboration with Freightos, and Vespucci Maritime, have released their container shipping report for January. Their opinion is that in 2023, container...

Transpacific ocean rates return to 2019 levels

The pandemic-driven surge in demand for ocean imports catapulted global freight – and rates – to new levels of infamy in 2021 and 2022. According...

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...
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NYK pioneers truck-to-ship fuel ammonia bunkering

At the Sea Japan 2024 event, NYK announced its plans to supply fuel ammonia at the end of May to an upcoming NYK-owned ammonia-fueled...

Vitesco Technologies and DHL form strategic partnership

Vitesco Technologies established a strategic partnership with DHL Supply Chain, where DHL serves as the Lead Logistics Partner (LLP). Commencing in March, DHL will centrally...

Gebrüder Weiss establishes central IT and logistics hub near Austria’s freight terminal

Gebrüder Weiss, a globally operating full-service logistics provider, is setting up a central location for IT and logistics near Wolfurt's freight terminal, ensuring the...

Maersk restructures Europe-West Africa service network

Danish ocean carrier Maersk has announced changes in its Europe-West Africa service network, which will take effect from the 17th week of the year. The...