SHIPPING
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MOL Group launches first warehouse operation in Africa
September 1, 2023 - Mitsui O.S.K. Lines, Ltd. (MOL) and its group company MOL Logistics Co., Ltd. (MLG) have announced the start of...
IMO ship recycling convention to finally come into force in 2025
August 31, 2023 - The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention)...
‘Modest’ peak season expected this year at U.S. ports
August 31, 2023 - Ports on the U.S. East and West Coasts predict a “modest” peak season this year, slower than the record highs seen in...
Air freight, ocean rates seen to remain muted through September
August 31, 2023 - The air freight market is expected to remain subdued in September with stable rates and soft capacity, particularly for...
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...
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