Forwarding software provider WiseTech Global has waded into the fragmented electronic bill of lading space with the purchase of Bolero, an early provider of trade finance and electronic documentation tools.

Prompt, which works with many of the top 25 global forwarders to automate integrations and data entry, is breaking out of its stealth nature of operating with an expansion of systems into which it connects.

Patrick, the biggest terminal operator in Australia, was the last of the major terminal companies to agree to a new deal with the Maritime Union of Australia following multi-year agreements last year between the MUA and the other leading terminal operators in the country.

Hong Kong-based container carrier OOCL saw significant increases in freight rates and per container revenues thanks to supply chain disruption across key origin and destination markets.