SHIPPING
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Long-term ocean freight rates plunge by more than 60% in year of decline
August 31, 2023 - Long-term ocean freight rates slid once again in August, marking the 12th consecutive month of declines for beleaguered...
US West Coast port workers vote to ratify new contract agreement
August 31, 2023 - West Coast dockworkers have voted to ratify a tentative contract agreement reached in June with employers represented...
Dimerco, Cathay Cargo conduct Singapore to Dongguan air-sea pilot
August 30, 2023 - Dimerco and Cathay Cargo conducted a multimodal trial between Singapore and Dongguan, an industrial city in China....
Freight rebound likely pushed to mid-2024
August 29, 2023 - The still elevated US retail inventory, coupled with slowing sales, will likely push off a significant restocking cycle...
Shortage of blank sailings noted ahead of China’s Golden Week
August 29, 2023 - Carriers have yet to announce any meaningful capacity reductions ahead of China’s Golden Week, according to a recent...
Ocean shipping schedule reliability stable at 64.2%
August 28, 2023 Ocean shipping schedule reliability remained unchanged month-on-month (M/M) in July 2023 at 64.2%, maintaining a...
Report: No US freight rebound until 2024
August 25, 2023 Inflation in the United States is decreasing, however, US freight demand isn't recovering despite...
DP World to invest US$510M to develop Tuna-Tekra mega container terminal
August 25, 2023 DP World said it signed a concession agreement with the Deendayal Port Authority to develop, operate and maintain a new...
Port of Savannah receives four new electric ship-to-shore cranes
August 25, 2023 The Port of Savannah announced that it recently received four Super Post-Panamax ship-to-shore cranes, upgrading the...
WorldACD: Tonnage drop deepens with European holiday season
August 25, 2023 The decreasing trend in global tonnages accelerated in the second full week of August, mainly driven by Europe in the...
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