“Rates must go up” Says the CEO of Hapag Lloyd.
The consecutive year drop in container rates is beginning to show a turn towards a sustainable rebound. “The market is... Continue Reading
Shipping costs rise after a 16-month nosedive.
Spot rates for containers rose to the highest in more than two years, marking the end of a 16-month nosedive... Continue Reading
CMA CGM braces for weaker earnings ahead of demand rebound in 2024
According to CMA CGM, a French ocean carrier, container cargo demand is expected to improve from next year, but due... Continue Reading
Shipping faces consequences as China’s post-COVID rebound subsides.
In recent years, exports have become even more important to the Chinese economy, as COVID slowed domestic consumption and the... Continue Reading
UNCTAD: A positive start, a dismal outlook for Global Trade in 2023
According to the latest UNCTAD Global Trade Update report, in the first quarter of 2023 the growth of international trade... Continue Reading
Global Economy: Trade is weak showing that China is in trouble.
New trade data from China suggests that the world’s second-largest economy is struggling to recover. In May, there were signs... Continue Reading
The shipping industry is facing an unprecedented drop in long-term rates.
During the month of May, the shipping industry experienced a 27.5% drop in global freight rates, according to the Xeneta... Continue Reading
The International Chamber of Shipping urges governments to set the course for a future Net Zero
The International Chamber of Shipping (ICS), representing the global shipping industry, urges governments of the UN International Maritime Organization (IMO)... Continue Reading
China’s imports plummet, export growth slows as recovery fades.
As Chinese imports plummeted to a large extent, 7.9% when 0.2% was forecast, raising concerns about the country’s ability to... Continue Reading
Crowley will launch a new maritime-rail service that will connect Mexico, the western United States and Canada
Crowley, a maritime logistics transport company located in the United States, has just presented a new integrated maritime and rail... Continue Reading