THE Port of Felixstowe is facing severe congestion at the facility due to an increase in container volumes in the rush to beat China's Golden...
- Freight forwarders up in arms over Port of Felixstowe's congestion
- Major carriers rush to charter bigger ships to capitalise on rate surge
MAJOR carriers are rushing to charter larger containerships to take advantage of skyrocketing freight rates caused by a spike in demand across major...
- India posts worst GDP fall of major economies as Covid spikes
INDIA's economy fell 23
- Airfreight rates from China on the rise
AIRFREIGHT rates from China to Europe and North America are on the rise, with rates from Shanghai to those destinations up about 10 per cent over the...
- U-Freight adds second consolidation hub for China-Europe rail service
HONG Kong's U-Freight Group has added a second consolidation centre in Zhengzhou to meet the rising demand for less than container load service,...
- Agility's H1 net profits plunge 61pc despite increase in airfreight revenue
KUWATI-BASED Agility saw its profits dive in the first half, although its airfreight business performed well
- US West Coast rates to breach US$4,000 in September
WITH China to US freight rates continuing their rapid bull run, some commentators are predicting that the China to US West Coast prices will surpass...
- July's US import rally not a signal of a rapid recovery in box traffic
THE sharp upswing in demand on transpacific headhaul routes while the US is still in the grip of the pandemic has confounded analysts who had...
- Maersk triples Q2 profit despite volume decline
DANISH shipping giant AP Moller-Maersk reported a net profit of US$443 million for the second quarter, which compares with a profit $154 million for...
- Sydney Airport in Australia plagued with cargo congestion
THE same cargo congestion issues that have paralysed big airports in the US, China and Europe during the pandemic have materialised in Australia
- Expeditors 2Q profit up 29pc to US$247.6 million, sales rise 27pc
SEATTLE's Expeditors International posted a 29 per cent year-on-year increase in second quarter operating profit to US$247
- Shipowners slow to sign long hires as charter market heats up
CONTAINERSHIP brokers are reporting 'brisk business', although owners are reluctant to fix for longer periods against rising daily hire rates
- Increasing use of digital air cargo bookings despite Covid-19 outbreak
THE use of air cargo online booking portals looks set to increase over the coming months, despite a slowdown in growth during the height of the PPE...
- Airfreight rates tick up as passenger-freighters depart from the market
Airfreight rates have increased after the declines of the past weeks, with forwarders reporting further increases on the way
- Covid-19 spawned ecommerce prompts DHL to add 400 jobs
DHL Express, a leading provider of international express shipping services, is adding 400 new jobs in the United States due to a double-digit volume...
- Global pandemic sees 400c rise in shipboard cyber-attacks
NAVAL Dome, an Israeli cyber defence solutions provider, says there has been a 400 per cent increase in cyber-attacks since the Covid-19 pandemic...
- Travel restrictions lead to spike in air cargo drug seizures in Hong Kong
HONG Kong air cargo drug seizures surged 165 per cent in first five months as Covid-19 restrictions prevent couriers from flying into city
- Indian scrap yards brace for new wave of ship demolitions
DEMOLITION markets in the Indian subcontinent have now largely reopened and are preparing for a new wave of containerships for scrapping
- TAPA warns of crime surge as lockdowns are eased
THE Transported Asset Protection Association (TAPA) has warned of an expected spike in cargo thefts as coronavirus lockdowns are eased across Europe,...
- Capacity crunch continues on Asia-Europe trade, but it's guesswork for the summer
HEAUL cargo visibility for Asia-North Europe carriers is still unclear for July and August, with much depending on the speed of the economic recovery...