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January 11, 2022
/PRNewswire/ -- Illicit trade is a growing global problem that deprives national governments of vital revenues, undermines local economies, endangers public...
January 11, 2022
Geneva, Jan. 11, 2022 /PRNewswire/ -- Illicit trade is a growing global problem that deprives national governments of vital revenues, undermines
December 24, 2021
If 2021 was the year the world ran out of everything, prospects are unlikely to change much for most of next year. So, sit back and relax on your couch and continue to perfect the art of waiting.
December 12, 2021
Global commodity traders and U.S. importers that rely on maritime data out of China for their work continue to be in the dark – and U.S. federal officials are now investigating. The data, called the Automatic Identification System (AIS), tracks all vessels that carry commodities and containers. American Shipper’s initial investigation revealed this data breakdown ...
July 3, 2021
La subida de precios que llega por mar “Es una locura” La crisis de los fletes marítimos, con costes multiplicados hasta por cinco, presiona y amenaza con agravar la ya crecida inflación Video Actualizado a 03/07/2021 14:39 “Es muy exagerado. Es una locura. El precio de los herrajes, contrachapados, etc., están subiendo una barbaridad. Los contenedores se llegan a subastar. Nunca en la vida había visto esto. Y cada vez hay menos navieras. Es un ‘o lo tomas o lo dejas’”. Así s...
April 29, 2021
Rates have soared for the shipment of the metal boxes, which carry 80% of goods
April 28, 2021
By Akanimo Sampson Contrary to expectations, the United Nations trade agency has reported a growth in the demand for container shipping during the COVID-19 pandemic, an indication that the sector bounced back quickly from an initial slowdown. United Nations Conference on Trade and Development (UNCTAD) policy brief says “changes in consumption and shopping patterns triggered by the pandemic, including a surge in electronic commerce, as well as lockdown measures, have in fact led to increased i...
April 28, 2021
Checks and balances on container rates In shipping there have been clear winners and loser in the global war against the Covid-19 pandemic. In the latter camp sit cruise ships and to some extent tankers, who have seen earnings spike from storage demands only to fall back as international oil demand waned. In prime position in the winners’ circle are container ships. Freight rates have climbed ever higher since the start of the pandemic and while they were starting to settle towards the end of...
April 27, 2021
Maersk raises full-year guidance as it rides exceptional market April 27, 2021, by Jasmina Ovcina Industry heavyweight A.P. Møller – Mærsk A/S has lifted market guidance for the full year of 2021 citing an exceptional market situation in the container shipping sector. The company is now forecasting an underlying EBITDA in the range of $13-15bn from the previously guided $8.5-10.5bn and underlying EBIT in the range of $ 9-11bn against $4.3-6.3bn...
April 23, 2021
Shipping during COVID-19: Why container freight rates have surged When the Ever Given megaship blocked traffic in the Suez Canal for almost a week in March, it triggered a new surge in container spot freight rates, which had finally started to settle from the all-time highs reached during the COVID-19 pandemic. Shipping rates are a major component of trade costs, so the new hike poses an additional challenge to the world economy as it struggles to recover from the worst global crisis since the ...