Shippers can expect sharp increases in annual contract prices as Asia-Europe spot rates spike ahead of a range of carrier increases and peak season surcharges.
Friday November 27, 2020
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Press Releases
24 Nov 2020
Toronto-based freight marketplace Shipz has partnered with a trio of software firms to enable users to access to adjacent tools, part of a continuing trend of forwarder-focused technology providers partnering to augment their value.
24 Nov 2020
The ratio of cargo rollovers at transshipment ports continues to rise with carriers unable to maintain reliable schedules and battling to return equipment to Asia to serve the booming export trades.
24 Nov 2020
New York–based new trade compliance automation startup Altana AI has designs on creating a new version of much-maligned trusted trade cargo facilitations programs.
23 Nov 2020
The European Commission's Green Deal will add 288 gigawatts (GW) of offshore wind capacity to Europe's grid by 2050, along with 40 GW in tidal and floating solar energy generation.
23 Nov 2020
Rates and demand on the major east–west trades out of Asia have remained at high levels deep into the traditional slow season, driving up profitability and leaving shippers with the check.
20 Nov 2020
CMA CGM is the latest carrier to post a highly profitable quarterly result in what the CEO has called “a favorable environment” that is expected to continue into the fourth quarter.
19 Nov 2020
The forwarding share of Maersk’s business has remained constant over the past five years, and CEO Soren Skou is confident that the carrier’s logistics-focused strategy will not upset that relationship.
18 Nov 2020
The share of revenue from Maersk’s logistics sector continues to grow as the carrier expands its landside business.
18 Nov 2020
Shippers forced out of air and ocean trades by limited space and high rates are turning to overland transport from China to Europe, but the high demand is stoking capacity and equipment issues.
17 Nov 2020
Maersk is steaming towards an annual result that would be impressive even in a year that was not severely disrupted by a global pandemic.
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