News

19.05.2020

Microsoft, FedEx partner to enhance supply chain visibility

FedEx Surround will help shippers gain both a broader and more granular view of their supply chains, the company said. Photo credit: Shutterstock.com. Microsoft is moving […]
18.05.2020

COVID-19 leaves bunker market awash in low-sulfur feedstocks

The price of very low-sulfur fuel oil in Houston was assessed at $437.50 per metric ton on March 2; by the end of the month, it […]
18.05.2020

Capacity cuts raise container line rates despite falling demand

By cutting so many sailings, carriers have been able to sustain spot market rates at levels 25-40 percent above those of last year on the east-west […]
18.05.2020

UK keeps ferry cargo shipping with COVID-19 subsidy

Struggling UK ferry companies will receive a multi-million dollar subsidy lifeline to ensure essential cargo corridors are kept open. Photo credit: Shutterstock The UK government will […]
18.05.2020

Shippers seek stability ahead of patchwork COVID-19 recovery

With global economic growth screeching to a halt as unemployment surges, shippers will have to throw out the playbook to rebuild supply chains in a world […]
16.05.2020

US spot truck rates rise slowly amid COVID-19 restart

Returning freight activity to ‘normal’ pre-pandemic levels may take a year, an FTR analyst warns. Photo credit: Shutterstock.com. Truckload demand is inching up as the United […]
16.05.2020

US accelerates import sourcing shift away from China

The main beneficiary of China’s loss of market share of US imports from Asia has been Vietnam. Photo credit: Shutterstock.com. The drop in US imports from […]
15.05.2020

BBC’s Ulrichs navigates pandemic-altered MPV/HL market

The BBC Fuji loading a 420 mt-tugboat at Halong Bay, Vietnam. Credit: BBC Chartering The consequences of the COVID-19 pandemic «will be with us for the […]
15.05.2020

HMM, Yang Ming report first quarter losses

It was a loss-making start to 2020 for Yang Ming, and revenue will remain under pressure through a difficult second quarter. Photo credit: Shutterstock Asian carriers […]
15.05.2020

Hapag-Lloyd expects double-digit Q2 volume decline

Hapag-Lloyd saw its year get off to a good start, but the solid performance will quickly fall off through the second quarter. Photo credit: Shutterstock Hapag-Lloyd […]