A record 7.2m TEU was added to the global container equipment fleet last year, taking it to 50.5m TEU, driven by unprecedented demand from ocean carriers and logistics operators. Source: The Loadstar
Container spot rates from Asia to the US west coast spiked last week, ahead of the Chinese New Year holiday on 1 February. Source: The Loadstar
Australia is set to re-open its doors to international tourists next week, paving the way for a welcome boost to airfreight capacity. Source: The Loadstar
Reduced container shipping capacity on intra-Asia trade lanes has led to fewer sailings, higher rates and increased manufacturing costs. Source: The Loadstar
The Panama Canal, a pivotal artery in the heart of global trade, is currently facing an unprecedented challenge. The severe drought of 2023 has not only impacted the canal’s operations but has also sent ripples across the global maritime industry. This article delves deeper into the current situation, its implications, and the broader concerns about…
Dalian is the latest port city in China to detect the Omicron variant. As a result, forwarders have warned of more shipping delays in the countdown to the Chinese New Year. Source: The Loadstar