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Tuesday, September 22, 2020
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Tag: Freightos

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...

Savvy lines act to protect cash flow

Shipping lines have learned the lessons of the substantial fall in demand experienced during the financial crisis in 2008/9 and have managed capacity in...

Blanked sailings rise more than 400% in a week

Over the course of the next few weeks carriers will know what kind of losses they will make over the course of the year,...
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LNG-powered container ship enhances CMA CGM’s fleet

The largest LNG-powered container ship in the world, CMA CGM Jacques Saade has joined CMA CGM Group's fleet. The new flagship of the Marseille-based shipping...

Konecranes secures automation service contract in Indonesia

Konecranes has announced a key contract in the delivery of automated port equipment services with the Kuala Tanjung Multipurpose Terminal (KTMT) in Indonesia. The two...

Antwerp digitalises its container release processes

Port of Antwerp has introduced a new digital, secure and integrated solution for the release of containers, named "Certified Pick up" (CPu), which will...

Government-backed JV to restructure Antong Holdings

Quanzhou Municipal Government has formed a joint venture, with Chinese state-owned entities, China Merchants Port Holdings (CMPH) and AVIC Trust, to restructure the financially...