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October 12, 2022
It has been receiving empty boxes after shipping lines began bringing in their containers that lay in different yards.
July 26, 2022
Insurers will only be willing to cover ships sailing through a proposed corridor to get Ukrainian grain out if there are arrangements for international navy escorts and a clear strategy to deal with sea mines, underwriters and brokers say.
July 21, 2022
Markets have entered a new regime characterized by higher levels of volatility and uncertainty as central banks try to rein in inflation.
February 12, 2022
For the full year, Maersk registered a net profit of $18-billion the highest profit ever recorded by a Danish company.
January 8, 2022
MANILA - Aimed at attaining more streamlined and efficient customs processes and procedures, the Bureau of Customs (BOC) developed and implemented 31 Information Communication Technology (ICT) projects and systems as of December 2021 and further aims to fully automate its frontline transactions. Foremost is the Automated Bonds Management System (ABMS) which monitors the status of bonds from their posting up to their cancellation and expedites the settlement or collection of due and demandable bo...
December 9, 2021
December looks like another bullish month for container freight rates, with increasing supply constraints caused by global concern over the new Omicron variant. With high demand for goods in the quarter ahead of the year end festive period, coupled with the existing congestion in the supply chain, the market remains historically expensive with little prospect ...
November 5, 2021
Pushing through October we saw what was fairly predictable levels of volatility crossing through Golden Week (seeing the FBX01 route come off by $3,029 and immediately recovering $628) and fresh congestion into the US West Coast on the back of a rush of cargo, bringing the total ships at anchor at LA/Long Beach ports beyond ...
October 25, 2021
Amazon.com Inc said on Monday it had doubled its container processing capacity and secured more shipping storage from ocean freight carriers to try to overcome supply chain bottlenecks in time for the holiday shopping season.
October 16, 2021
South Africa's monopoly port operator Transnet late Friday declared a force majeure at its Richards Bay Bulk Terminal, it said in a statement, following a fire that broke out at the port on Wednesday.