News
Despite Red Sea crisis inflation shock, ocean freight rates are headed down on key China-U.S. trade route
A slowdown in demand for products manufactured in Asia has ocean carriers reducing freight rates on shipping routes from China to the West Coast and canceling sailin...
COSCO and Fratelli Cosulich JV buys Italian logistics firm Trasgo
COSCOS, the joint venture between China’s COSCO Shipping and Italy’s Fratelli Cosulich, has acquired the entire capital of the Novara-based trucking and...
MSC container ship attacked in Red Sea, owner confirms
MSC Mediterranean Shipping Company has confirmed that one of its container ships was attacked on Tuesday while transiting the southern Red Sea. A statement from t...
Shipping Lines Impose Surcharges as Red Sea Attack Hit Global Trade
OSLO/PARIS, Dec 22 (Reuters) – Some of the world’s largest shipping firms, including Maersk and CMA CGM, will impose extra charges after they re-routed s...
Shipping firms impose extra fees as Red Sea attacks hit global trade
Some of the world's largest shipping firms, including Maersk (MAERSKb.CO), opens new tab and CMA CGM, will impose extra charges after they re-routed ships in res...
French Navy Escorts CMA CGM Ships While US Ships Remain Stranded
Operation Prosperity Guardian, the pivotal US-led mission to secure vital merchant shipping lanes through the Red Sea, is facing another critical setback. gCaptain&r...
Container rates hit $10,000 as ocean freight inflation soars in Red Sea crisis
With the Red Sea diversions by shipping companies including Maersk continuing amid the risk of attacks by the Houthis, global logistics managers are faced with a two...
More big shipping firms stop Red Sea routes after attacks
French company CMA CGM took a similar step a day after Danish shipping giant Maersk and German transport company Hapag-Lloyd suspended Red Sea journeys. The decisio...
Shipping pause in Suez Canal could cause months of delays - Massey transport expert
A supply chain expert says if shipping attacks escalate in the Red Sea, shipping prices are likely to increase, and there could be major delays worldwide. Reuters...
Boom times are back for container shipping
Volatile weather is a peril of the high seas. Volatile markets are similarly treacherous for the container-ship industry, which carries 80% of the volume of internat...
10 April 2024
