Why Long-term Shipping Contract Costs More Than 400%?

Shipping industry officials told a committee on Wednesday that the global supply chain crunch has pushed long-term shipping contract costs up more than 400%. Alongside this, with costs and demand rising, and supply...

Forwarders Feel the Brunt of Mismatch Between Demand and Supply

Shippers with ‘unreasonable’ expectations are causing headaches for forwarders – big and small. Exhausted forwarders have told The Loadstar the job is currently extremely stressful. It is particularly in the air cargo peak,...

Booking Online Via Maersk Spot Has Left Forwarders In Limbo

Maersk’s forwarding and NVOCC customers are being targeted by competitor lines. As the Danish carrier prepares to restrict their bookings to its online Maersk Spot platform next year. Meanwhile, container spot rate indices, the...

[FAQ] How Spark Erosions Detriment a Ship’s Main Engine?

Onboard ships, many automation systems are used to ensure that the machinery runs efficiently and smoothly. However, machines continue to malfunction, owing to the crew's lack of expertise about the system in question. As...

What are The New Travel Rules Amidst Soaring Omicron Cases?

The Omicron variant is “spreading pretty rapidly” across the UK and new travel rules will be too late to prevent a potential wave of infections, one of the government’s scientific advisers has said, reports...

$150m Worth Crypto Tokens Hacked!

    Crypto-currency exchange BitMart says hackers have stolen about $150m (£113m) worth of tokens from its "hot wallets", reports BBC. Ethereum and one Binance Smart Chain tokens Those affected, one storing Ethereum and one Binance Smart Chain...

How Amazon Is Avoiding Long Wait Times for Dock Spaces?

Amazon is making its own containers and bypassing supply chain chaos with chartered ships and long-haul planes, reports CNBC. Amazon Vs Supply chain crisis “Los Angeles, there’s 79 vessels sitting out there for up to 45...

Omicron Shows its True Colours in The U.K.!

As fears grew over the threat posed by the highly mutated Omicron variant, detected in more than 30 countries, Prof Dame Sarah Gilbert cautioned that while it was increasingly obvious that “this pandemic is...

When Will COVID-19 Pandemic End?

The Covid-19 pandemic will not last forever. It will likely continue to fizzle and fade as it heads towards its third year, resurging with new variants and then waning in the face of vaccines,...

[Watch] Freighter Beached By Storm

Chinese freighter was pushed aground in the downtown of Kholmsk port, Sakhalin, Russia Far East, in the afternoon Dec 6, reports Maritime Bulletin. What happened? Chinese freighter was pushed aground in the downtown of Kholmsk port,...