Shipping
Yang Ming: US-China trade deal may spur demand, but uncertainty persists
Yang Ming: US-China trade deal may spur demand, but uncertainty persists
US-China tariff pause offers temporary relief, could fuel another frontloading rush
Transpacific shipping faces capacity cuts as trade war escalates
Houthi ceasefire raises prospect of container traffic returning to Red Sea
Kale Logistics to develop Oman's national port community system
PSA BDP takes majority stake in Mexico’s ED Forwarding
Xeneta: ‘Ships for America Act’ adds more uncertainty to container shipping market
JAFZA marks 40 years with record US$190B in trade
Seafrigo expands multi-modal services to support global expansion
US port fees to have minimal impact on Transpacific niche carriers
Port fo NY/NJ is busiest US port in March
S&P: Liner shipping contributes US$1.1T to U.S. GDP
deugro Thailand delivers critical reactors for sustainable fuel production
Emirates Shipping Line joins World Shipping Council
Japanese shipyards may benefit from US port fees on Chinese vessels
MOL opens office in Washington, D.C.
Red Sea disruptions push shipping carbon emissions to record high in 2024
Port of LA expects a double-digit volume decline in the second half amid tariffs
DP World sources 65% of its electricity from renewables in 2024
Hapag-Lloyd: 30% of China’s US-bound shipments canceled
Port of Antwerp-Bruges says impact of US tariffs minimal for now
COSCO says planned US port fees threaten shipping, global supply chains
Yang Ming extends lease at Kaohsiung Port, acquires new containers
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IMO approves net-zero regulations for global shipping
India ends transshipment facility for Bangladesh exports
US softens stance on proposed port fees for Chinese vessels
Adani’s Colombo Terminal commences operations
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Maersk's APM Terminals acquires Panama Canal Railway Company
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Yang Ming acquires three methanol dual-fuel ready vessels
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SATS partners with Guangtai to innovate ground support technology
SC Port's Inland Port Greer expands capacity by 50%
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Singapore opens applications for methanol bunkering licence
Tariff turmoil persists, though ocean freight rates continue to decline
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Port of Savannah achieves busiest February on record
UK freight association seeks solutions to uninsured cargo
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MSC announces standalone East/West network
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World Shipping Council calls on the U.S. to drop its planned port fees
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CMA CGM's first dual-fuel methanol vessel makes maiden call at Singapore
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MOL joins e-methane alliance e-NG Coalition
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Port of New York and New Jersey records third busiest January ever
Viasea Shipping relaunches London Thamesport service
Sea-Intel notes volume shift from East to West Coast in H2 2024
Port of Savannah receives largest capacity vessel in its history
ILA ratifies new labour contract at US East, Gulf Coast ports
Sea-Intel: 2024 global schedule reliability trend continuing in 2025
Savannah tagged as fastest growing port on the U.S. East Coast
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Port Klang launches Kale's Malaysia Maritime Single Window
Port of Hamburg reports growth in container throughput, rail transport
Port of Salalah invests US$300M to meet new Gemini Cooperation needs
ONE adopts DCSA eBL standards using GSBN blockchain
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SC Ports welcomes largest vessel to call Port of Charleston
ONE, Yusen Logistics partner on sustainable shipping solutions
DP WORLD’S SEARATES, CP WORLD NOTES DEMAND GROWTH FOR LCL SHIPMENTS
June 10, 2024

The partnership between DP World’s SeaRates and the Singapore-based CP World Group has resulted in a 39% increase in Less-than-Container-Load (LCL) bookings and improved shipment tracking for small cargo owners.

 

DP World said that just one year after its partnership announcement with CP World, SeaRates' digital freight forwarder platform is seeing major growth in its LCL bookings — benefitting smaller cargo owners with the streamlined logistics processes, real-time information, and enhanced efficiency when moving cargo from A to B.

 

 

"This new market and customer base for SeaRates are seeing CP World optimise container space, efficiently consolidate LCL shipments, provide cost savings for shippers, and contribute to a more sustainable global supply chain," the announcement said.

 

DP World noted that the partnership with CP World means that customers moving less than a full container load now have greater access to competitive rates, the latest transit times, CFS details and sailing schedules across 1,000 destinations, serving eight regions: Asia, Africa, North America, South America, Europe, Pacific, Middle East, and Central America.

 

This is particularly advantageous for those moving seasonal or promotional products that may not necessitate a full container.

 

Growing demand for LCL transport

 

"The compounded monthly growth rate for bookings from December to March 2024 highlights the growing demand from SMEs, startups and individuals who require access to international trade but have previously not been able to enjoy the same level of benefits as their bigger counterparts," DP World said.

 

It added that by providing access to LCL shipments through an online platform, smaller customers are now benefitting from more flexibility in their bookings, fuelling their growth in turn.

 

"Our partnership with CP World has seen strong growth on the platform, as we've been able to open up a new customer base and market to cater to smaller cargo owners who still want the same services as their larger counterparts. Providing LCL shipments with the same real-time tracking and traceability capabilities through a digital platform is a major step forward in creating sustainable long-term supply chains for all," said Mike Bhaskaran, COO of Digital Technology at DP World.

 

He added that SeaRates is a "truly universal platform" catering to businesses of all sizes.

 

Ken Chiang, group CEO of CP World, said that one year on from our strategic partnership with SeaRates, the company is already seeing "significant growth" in the number of bookings from smaller cargo owners.

 

"By offering a worldwide LCL Network with comprehensive LCL ocean freight rates and services via an easy-to-book digital platform, we are able to create sustainable solutions for all shippers, no matter their size," Chiang added.