Spot rates on the major east-west routes recorded a second week of sharply rising prices as a general rate increase converged with widespread sailing withdrawals by the shipping alliances to finally bring some good news to the battered trade.
The G6 Alliance has added the Canadian port of Halifax to its Asia-U.S. East Coast service, citing market demand as the container shipping industry limps closer to the traditional peak season period.
China’s ability to throw staggering amounts of money at projects were on display again this week with the announcement that a state-owned investment giant will pour $113 billion into supporting the...
Air cargo carriers have low expectations for the summer months but are expecting a traditional fourth-quarter peak season to lift volumes and help counter excess capacity and falling yields.
The demand for logistics services and infrastructure will be fuelled by China’s increasing trade appetite and the continuing growth of e-commerce markets within the country, according to Barclays...
Kazakhstan’s national rail operator and DHL Global Forwarding have signed a memorandum of understanding that will provide the logistics operator with additional block trains on the fast-developing...
Shippers on Asia-Europe have never been fans of the host of surcharges levied by carriers on the trade and have routinely levelled complaints that the ad-ons were more boosters of revenue rather than...
The G6 Alliance continues to add port calls to its Asia-North Europe services, this time in China, in a bid to secure additional cargo loads on the trade during the much hoped for peak season.
Cosco, the largest shipping group in China, is back in the corruption spotlight with the National Audit Office issuing a report that accuses the carrier of serious financial irregularities.
Carriers on the Asia-Europe trade held out for as long as they could — or longer than they should, considering the recent rate collapse — but after four months of steadily falling spot market prices...
Spot rates on the Asia-Europe and Asia-Mediterranean trades more than doubled in anticipation of general rate increases to be imposed next week and as carriers continued to withdraw sailings in a bit...
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