shipping Archives - Page 6 of 10

Indian Exports take massive hit

Despite a fall in freight charges, exports across most sectors have fallen short of last years’ levels in the corresponding period. Exporters said fre...
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Posted on March 9, 2023

Shipping company warns of falling demand

A major shipping company has warned of a steep drop in demand so far this year, lengthening a downturn that led to a more than halving of their quarterly p...
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Posted on March 3, 2023

Shipping containers ablaze at Iskenderun Port Turkey

Hundreds of shipping containers were on fire at Turkey's Iskenderun Port on Tuesday, which shut down operations and forced freight lines to divert vessels ...
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Posted on February 10, 2023

Big shipping firms in Vietnam show record profits

Three major shipping companies reported their highest ever profits for 2022, in spite of freight charges falling by over 80% from their peak during the Cov...
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Posted on February 7, 2023

Kenya rice millers protest about access to duty free imports

Rice millers in Kenya have protested they lockout are not allowed to import the commodity under the duty-free window. The Agriculture Ministry has allow...
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Posted on February 3, 2023

Shipping to give something back

A Norwegian shipowner has called for ship owners to give something back after making money from the disruption caused by war. The company has donated a ...
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Posted on January 31, 2023

Factory closures in China

According to shipping and freight industry leaders, shutdowns for the Chinese New Year and China’s Covid-19 outbreak are expected to cause renewed supply...
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Posted on January 26, 2023

Reefers instead of air freight for flowers

Modern refrigerated and controlled-atmosphere containers may facilitate a modal shift in the cut-flower market. Until now flowers were almost exclusively h...
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Posted on January 24, 2023

Japan to test new freight routes

The Japanese government is planning to work with domestic companies to test new international supply routes, aiming to diversify freight options in respon...
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Posted on January 11, 2023

Container shipping lines value declines

Shares in container shipping which surged after the Covid-19 pandemic, are falling with concerns about an economic downturn and lower freight rates that ha...
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Posted on January 7, 2023

Shipping lines softening contract conditions

Shipping lines are tempting shippers with a wide range of new, flexible, long-term contract options this year. There have been complaints of being “burn...
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Posted on January 4, 2023

High demand remains for air freight forwarding

The vice president of an air shipping company in Azerbaijan declares that 2022 was a successful year. He says it was a year of stabilization for freight t...
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Posted on December 22, 2022

Russian coal exports to EU

Russian exports of coal have increased substantially, after the EU softened sanctions for European shipping companies. A fifth package was of Russian ...
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Posted on December 13, 2022

Falling freight rates on east-west container lanes

New entrants on the main east-west container routes are suffering, due to plummeting spot rates and very high charter rates. Some shipping lines are giv...
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Posted on December 8, 2022

Shipping Company predicts lower profits

A shipping company based in France said on November 25 that weakening demand for freight transport and gloomier economic prospects are damaging profitabili...
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Posted on November 28, 2022

China adds over 100 new container shipping routes

The major sea ports of China are opening up more than 100 new container shipping routes this year. The country's imports and exports may grow 6 percent ...
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Posted on November 25, 2022

Bangladesh Vegetable exports dip

Bangladesh's income from vegetable exports fell to a six-year low in the July-October period of the current fiscal year. High air-freight rates and increa...
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Posted on November 15, 2022

Shipping sector COP27 pledge

The UK government has announced that it made a major pledge alongside the US, Norway, and the Netherlands to roll out zero-emission shipping routes between...
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Posted on November 14, 2022

Freight Companies and decarbonisation

According to a recent report, 85% of freight and shipping companies which have fleets which will be unable to operate in a low-carbon future. Only 7% of t...
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Posted on October 28, 2022

Shipping Rates slip

The Baltic Exchange’s main sea freight index, which tracks freight rates for ships carrying dry bulk commodities, fell for a third straight session last ...
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Posted on October 12, 2022

Cost of freight shipping drops

The cost of shipping goods from China has fallen to the lowest level in more than two years; container carriers recorded record profits during the pandemic...
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Posted on October 3, 2022

Ocean Shipping Rates Falling

Freight rates on the main USA ocean trade routes are falling during what is ususally the industry’s peak season, after cargo owners shipped seasonal good...
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Posted on September 9, 2022

China pressurises Indian hair exports

Importers in China, who account for 80 per cent of Indian hair exports, are asking exporters to ship hair at a discount of 40 per cent. Beijing has not ...
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Posted on September 7, 2022

Sea Freight Service for flowers

A company specialising in flower preservation is now offering a sea freight services. The flowers are treated with preservatives then monitored by Technic...
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Posted on September 5, 2022

New Zealand shipping delays

AN INCREASE in shipping delays to Oceania is having a severe effect on New Zealand, according to a new report from a logistics technology company. The d...
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Posted on August 26, 2022

Shipping procedures for grain exports from Ukraine and Russia

The United Nations, Turkey, Russia and Ukraine have issued long-awaited procedures for merchant ships which export Ukrainian grain and fertilizer through t...
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Posted on August 9, 2022

Shipping company expects weak container demand

A major international Shipping group expects global container demand to fall this year; they expect sales of durable goods come to a "standstill", leaving ...
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Posted on August 3, 2022

Rhine water in Germany falls again, freight ships only part-loaded

Water levels on the Rhine in Germany have again fallen and freight ships are still unable to sail fully loaded, navigation authorities said on Monday. S...
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Posted on July 27, 2022

Exporters cut costs to sustain business

Export-oriented manufacturers in the Phillippines have been increasing technology investments and improving operational efficiency to cut down costs amid h...
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Posted on July 18, 2022

Sea freight falling

2021 has been the most volatile year for shipping in the past 50 years. By the middle of 2022, the sky-high freight rates have finally softened, approachin...
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Posted on July 4, 2022

Lithuania bans rail freight from Russia

Panic buying spread throughout the Kaliningrad region in Russia, caused byy neighboring Lithuania on Saturday threatening to isolate the city in Russia. ...
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Posted on June 27, 2022

Shippers face record fuel surcharges

Shippers who are coping with record-high fuel surcharges must simply bear with it until more (and cheaper) crude oil is available, according to diesel supp...
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Posted on June 13, 2022

Chinese Shipping Companies share prices Fall

Shares of shipping companies have been dropping in Hong Kong amid signs of declining freight rates. Investors are also concerned about waning global demand...
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Posted on June 9, 2022

Container Ship WaitingTimes at Shanghai Fall

Average waiting times for container ships at Shanghai, after having peaked to nearly 70 hours in April amid the pandemic lockdowns have now declined to 31 ...
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Posted on June 8, 2022

Fears that Carbon Tax increase Freight costs

A new Carbon Tax is being discussed this week at the Marine Environment Protection Committee (MEPC) meeting of the IMO. The tax may raise freight costs to ...
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Posted on June 6, 2022

Tunisian Olive Oil Exports to Europe

New rules in Tunisia say olive oil producers must obtain specific authorization to participate in the country’s duty-free export quota program with the E...
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Posted on May 20, 2022

Vietnam Shipping Industry

The volume of container cargo through Vietnam's seaports increased by 7 percent last year. With higher freight rates and supply chain issues, investment i...
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Posted on May 5, 2022

Freight rate increases

A major shipping company has raised its 2022 financial forecast, thanks to soaring container rates caused by more pandemic-related disruption at ports in C...
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Posted on April 27, 2022

Launch of intermodal freight services in Poland

A freight transport company in Poland has launched intermodal freight services from Kaunas Intermodal Terminal (KIT) to terminals in Poland. Trial trips to...
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Posted on April 14, 2022

Lockdowns disrupt China freight

FREIGHT all over China is again being affected by a surge in COVID-19 cases and subsequent lockdown measures. Shipping companies are reporting limited hau...
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Posted on April 8, 2022

Thailand Exports may grow 5%

Thai exports are expected to rise by 5% in 2022, compared with a previous forecast of 5% to 8% growth. Uncertainty over the Russia-Ukraine war has reduced ...
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Posted on April 6, 2022

Korean antitrust body investigates shipping lines

The Fair Trade Commission in Korea (KFTC) is investigating 20 shipping operators for colluding on freight charges for services from South Korea to China an...
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Posted on March 31, 2022

Container freight rates and inflation

The International Monetary Fund (IMF) has used container freight rates to work out how today’s high shipping costs are affecting global inflation. The...
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Posted on March 30, 2022

Shipping lines and freight forwarders join action against Russia

Shipping lines taking part in the economy siege which the international community is tightening around Russia. The 10 biggest shipping lines are responsibl...
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Posted on March 14, 2022

Shipping Costs to increase due to conflict

Russia and Ukraine are both major exporters of grain and coal. Importers in China are likely to source supplies from more distant countries such as the US ...
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Posted on March 8, 2022

Container supply chain crisis

A combination of port congestion, container shortages and wider supply chain disruption has caused supply and demand for containers to be unbalanced. T...
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Posted on February 18, 2022

African gang threatened freight company workers

Four members of an African gang have been sentenced to three years imprisonment, for breaking into a freight company and threatening its workers. They also...
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Posted on February 17, 2022

Irish port has record increase in freight units

Rosslare Europort was Ireland’s number one port in 2021 for direct freight roll-on, roll-off (RoRo) and Pax services to mainland Europe. It was the busie...
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Posted on January 28, 2022

Shipping profits expected to increase

It is predicted that container shipping will increase profit this year in the USA. Yearly contract freight rates in 2021 will be going up by more than 6...
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Posted on January 26, 2022

Shipping companies fined collusion on freight rates

South Korea's antitrust regulator said that it has decided to impose a combined fine of $80.7 million in fines on 23 Korean and foreign shipping companies ...
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Posted on January 19, 2022

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