The Baltic Exchange has released a report about the dry bulk market for the 39th week of shipping activities of this year. The report dated 25th September highlights the plight of the dry bulk market at the on-sight of...
Containers have wrestled the ocean-shipping headlines away from tankers and bulkers as stratospheric China-to-California box rates approach $4,000 per forty-foot equivalent unit (FEU), writes Freight Waves Senior Editor, Greg Miller, in an article published on the website.
The Unsung Hero...
NOAA, along with other partners, is updating the baselines used to measure water level heights and depths along U.S. coastlines and in the Great Lakes to make navigation safer for mariners and shippers.
Ships move $1.4 trillion worth...
The Baltic Briefing has issued the tanker report for the 39th week of this year. The report dated 25th September 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
VLCC
Owners again faced another...
The pandemic has rattled global supply chains due to demand shocks caused by the lockdown. Its impact accelerated the impetus for companies who were in the midst of change to relocate their manufacturing sites and to switch modes from...
A.P. Moller – Maersk and IB Cargo, announce their partnership for the operation of a 75.000 sqm regional distribution centre for IKEA Supply AG.
The logistic facility is to be located in CTPark Bucharest West industrial park.
The...
The revision of BIMCO’s most widely used voyage charter party – GENCON – is entering its completion phase.
The drafting team will meet during the autumn to process invaluable feedback received by the industry over the summer.
A...
The re-evaluation of offshoring production is expected to switch to reshoring.
Production of global trade to move across borders in the medium term, reverting to domestic production, nearshoring, and shifting to different offshore locations.
Today’s global chains and...
The TP8/Orient and TP11/Elephant services, which had been structurally blanked in the second quarter had been reinstated.
Maersk warned shippers there was still a number of threats to container supply chains between Asia and North America.
Maersk also...
According to a Reuters report, business sentiment among Asian firms rebounded in the third quarter as easing coronavirus restrictions lifted sales but lingering uncertainty over the pandemic thwarted a return to business-as-usual, a Thomson Reuters/INSEAD survey showed.
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