OCEAN FREIGHT 8/13

Saipem falls to first-half loss but eyes pick-up in sales

Raymond STERN

Jul 30, 2021

Saipem falls to first-half loss but eyes pick-up in sales

Contractor’s results buffeted by Covid-19 and issues at North Sea wind project Saipem reported on Friday second quarter earnings that...

Raymond STERN

Jul 29, 2021

The true cost of shipping.

The true cost of shipping from Asia has for some time exceeded even the highly elevated container spot market rates, with the payment of...

DSV Panalpina aims for more market share as it looks to integrate Agility

Raymond STERN

Jul 29, 2021

DSV Panalpina aims for more market share as it looks to integrate Agility

Freight forwarders serve shippers much better than shipping lines – and large forwarders are best of all, claimed DSV Panalpina in its...

Shipping prices may be heading higher but are ‘not super yet,’ analysts say

Raymond STERN

Jul 28, 2021

Shipping prices may be heading higher but are ‘not super yet,’ analysts say

Shipping rates are at multi-year highs, but have not reached the bull cycle peaks of the past, said Rashpal Bhatti, vice president of...

China-Europe rail gets Vietnam connection, but huge mode shift brings delays

Raymond STERN

Jul 28, 2021

China-Europe rail gets Vietnam connection, but huge mode shift brings delays

Booming China-Europe rail freight has expanded to Vietnam, but high demand and bad weather means lengthy delays. Due to overstretched...

Freight forwarders expect no change in container market for years, says British Freight Union.

Raymond STERN

Jul 28, 2021

Freight forwarders expect no change in container market for years, says British Freight Union.

The British International Freight Association (BIFA) has stated that it expects freight rates to remain at extraordinarily high levels,...

Freightify announces $2.5 million funding from Tradeworks VC, Venture Catalysts.

Raymond STERN

Jul 26, 2021

Freightify announces $2.5 million funding from Tradeworks VC, Venture Catalysts.

The company's platform handles more than $400 milion in freight revenue for customers and a corresponding GMV of $2 billion. Freightify,...

How to cushion consumers from high maritime freight rates

Raymond STERN

Jul 26, 2021

How to cushion consumers from high maritime freight rates

The cost of shipping one standard 20-foot container from Shanghai to Brazil, for example, is today nearly five times higher than the...

Global container port capacity will struggle to catch up with rising demand

Raymond STERN

Jul 25, 2021

Global container port capacity will struggle to catch up with rising demand

The bleak outlook of significantly lower throughput levels for container hub ports at the outset of the pandemic has, 18 months later,...

FMC To Audit Ocean Carrier Demurrage and Detention Practices

Raymond STERN

Jul 22, 2021

FMC To Audit Ocean Carrier Demurrage and Detention Practices

On July 20, the Federal Maritime Commission (FMC) announced that it has established a new “Vessel-Operating Common Carrier Audit Program”...

DSV Panalpina secures higher rating from Moody's

Raymond STERN

Jul 20, 2021

DSV Panalpina secures higher rating from Moody's

Transport and logistics major DSV Panalpina receives one of the highest credit ratings from Moody's. The rating "strengthens DSV's...

Amazon Effect | The Need for Digitalisation in Logistics Industry

Raymond STERN

Jul 20, 2021

Amazon Effect | The Need for Digitalisation in Logistics Industry

When Jeff Bezos, in 1994, realized the growth of the internet, he laid the business plan for one of the most successful companies ever...

Raymond STERN

Jul 19, 2021

UK Has Its Own Truck Driver Shortage

Driver recruitment agencies are “eating themselves” with practices that are eroding confidence in UK haulage, forcing a rethink among...

Luca Graf, Head of Digital Innovation, DSV Panalpina

Raymond STERN

Jul 18, 2021

Luca Graf, Head of Digital Innovation, DSV Panalpina

Luca Graf, Head of Digital Innovation, DSV Panalpina, talks about how disruptive technologies are beginning to disrupt the freight and...

US Cargo Owners Applaud White House Order on Competitiveness

Raymond STERN

Jul 15, 2021

US Cargo Owners Applaud White House Order on Competitiveness

Groups representing cargo owners are praising President Biden’s executive order on business competitiveness, but say stronger regulatory...

Raymond STERN

Jul 15, 2021

Investing In A Logistics Firm

Globally, manufacturing companies especially consumer goods producers, rely on logistics firms to get their products to the end users who...

Volga-Dnepr flies custom-built compressor from Zurich to Abu Dhabi

Raymond STERN

Jul 15, 2021

Volga-Dnepr flies custom-built compressor from Zurich to Abu Dhabi

Russian freighter operator Volga-Dnepr Airlines, in partnership with logistics provider Geodis, has transported a large custom-built...

BIRMINGHAM 2022 APPOINTS KUEHNE + NAGEL AS LOGISTICS PROVIDER

Raymond STERN

Jul 15, 2021

BIRMINGHAM 2022 APPOINTS KUEHNE + NAGEL AS LOGISTICS PROVIDER

The Birmingham 2022 Commonwealth Games has appointed Kuehne+Nagel as its Official Event Logistics Provider. Following a competitive...

Cosco request for 10 neo-panamaxes pushes orderbook to 21% of the fleet

Raymond STERN

Jul 15, 2021

Cosco request for 10 neo-panamaxes pushes orderbook to 21% of the fleet

The ship-buying bonanza has continued with news of another order, this time for 10 neo-panamax vessels for Cosco Ship Holdings (CSH) from...

Ocean rates continue to climb as peak season heats up

Raymond STERN

Jul 14, 2021

Ocean rates continue to climb as peak season heats up

Demand for ocean freight continues to outstrip supply as peak season heats up, pushing Asia-North Europe rates past the $13k/FEU mark,...