Latest News
January 8, 2024
Three-Month Airfreight Rate Surge Comes to an End
The peak season surge in air freight rates of the past three months appears to have come to an end according to the latest data from TAC Index, the price reporting agency (PRA) for air freight markets (source: STAT Times).
READ MORE >January 8, 2024
Transportation Capacity Up in December
Transportation metrics slid again in December with capacity increasing at a faster pace and prices declining at a higher rate, according to a monthly survey of supply chain executives. However, there was some optimism that the cycle may turn in…
READ MORE >December 12, 2023
Houston and Antwerp-Bruges Enter Energy Transition Accord
U.S. and Belgian cargo hubs Port Houston and the Port of Antwerp-Bruges, together with four other partners, have signed a landmark agreement to form a strategic alliance aimed at accelerating the transatlantic green transition (source: Offshore Energy).
READ MORE >December 12, 2023
Carriers Roll Out New Ancillary Charges
With container spot rates below ocean carrier unit operating costs on some routes, shipping lines are increasingly focusing on billing customers with a myriad of surcharges to boost revenue in what is predicted to be a tough period (source: The…
READ MORE >December 5, 2023
Panama Canal Jam Sends Ships Sailing Continents Out of Way
The Panama Canal is being squeezed shut by drought and forcing shippers worldwide to face a painful choice. They can wait in line for days or weeks, pay millions of dollars to jump ahead in the queue, or they can…
READ MORE >December 1, 2023
China Floats Idea of Mega Port to Rival Singapore
Beijing is considering a proposal to construct a massive integrated super port across islands south of Hong Kong, consolidating regional port resources to challenge Singapore’s shipping hub status. The infrastructure project, potentially costing over $20bn, is also envisaged as a…
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