After three straight weeks of decline, the spot rate for shipping a 40-foot-equivalent unit container from Shanghai to the West Coast shot up this week.
Japan’s government has officially introduced a much-anticipated system designed to ensure the smooth implementation of the International Maritime Organization's SOLAS container weight rule from July 1 and reduced the fines for non-compliance.
Hermann Yu, president of the Taiwanese container line Yang Ming Marine Transport, died at home on April 27, the company has announced. He was 59.
The U.S. Coast Guard Thursday gave its stamp of approval to two alternative methods for obtaining certified container weights to comply with new international regulations.
Yusen Logistics Co.’s group net profit was shaped by an uneven performance across its business segments and geographic regions.
Gati Ltd., India’s leading express distribution and supply chain solutions provider, saw its group net income decline in fiscal year 2015 to 2016.
Intra-Asia trade will increasingly benefit from the rapid growth of consumption in Asia as a higher percentage of cargo is shipped to end markets in the region instead of to destinations in other parts of the world.
CMA CGM, the third-largest global container line, got the go-ahead on Friday from the European Union to acquire Neptune Orient Lines, the parent company of APL, but with one condition.
Spot freight rates on the Shanghai-North Europe and Asia Mediterranean trades shot up this week.
Technology is playing an increasing role in the management of freight rates.
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