Freight Ship

Monday, 26 September 2022

Latest News for: Freight ship

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China's freight indices record mixed performance

ECNS 26 Sep 2022

The CCFI tracks spot and contractual freight rates from Chinese container ports for 12 shipping routes across the globe, based on data from 22 international carriers ... of the main factors affecting the supply and demand of shipping market and the fluctuation of market freight rate.

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Rhine water depth up from crisis levels, could normalise this week

Reuters 26 Sep 2022

The low water levels caused delays to shipping and pushed freight costs higher, raising fears that the disruption could even hit overall German economic growth ... Shallow water after this summer’s heatwave and drought compelled some freight vessels to sail only about 25% full in ...

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APPEC EU sanctions, price cap on Russian oil to raise shipping hurdles

Reuters 26 Sep 2022

This corresponds to nearly a 3% increase in shipping activity measured in ton-miles, he said. A ton-mile is defined as one ton of freight shipped one mile and reflects the volume and the distance shipped. A key challenge faced by trading houses will be the shortage of smaller Aframax vessels necessary to ship Russian oil, he said.

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ICS: Trade Policy Review 2022

SAFETY4SEA 26 Sep 2022

This new regulation is seeking to address supply chain disruption by singling out the shipping industry, with US President Joe Biden suggesting recently that shipping is to blame for the global turmoil in supply chains and increased freight rates ... Shipping Taxation Regimes.

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Ningbo Containerized Freight Index Report, 23 September 2022

Hellenic Shipping News Worldwide 25 Sep 2022

In the week ending Sep-23, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 1529.2 points Below find the NCFI Weekly Index Data chart. Source. Ningbo Shipping Exchange ....

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FedEx to hike shipping rates by largest increase in at least a decade

Commercial Appeal 25 Sep 2022

Shipping rates for FedEx Express, FedEx Ground, FedEx Home Delivery and FedEx Freight will all increase in 2023 ....

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BLR rail hauls solar freight

Sulphur Springs News-Telegram 24 Sep 2022

Short-lines offer a unique opportunity for small communities to distribute major product, transporting tons of freight that are often too heavy to ship by trucks ... From Winfield, the transformers are then transloaded, or lifted onto a specialized truck to ship them directly to the solar farms.

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UMAS: Cost of IMO 2050 Target Could Reach $1.4 Trillion

The Maritime Executive 24 Sep 2022

The international shipping industry requires a staggering $1.4 trillion in capital expenditure to achieve a 50 percent cut in emissions by 2050, according to a new report by the UK maritime consultancy UMAS ... and the United Kingdom, have set up a more ambitious target of completely eliminating shipping emissions by 2050.

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Why Shippers Can Renegotiate Some Long-Term Contracts But Not Others

The Maritime Executive 24 Sep 2022

After a year of highly profitable freight rates, the container shipping business appears to be normalizing. In the past week, the overall SCFI (Shanghai Containerized Freight Index) spot rate index for shipments out of China declined by 9.7 percent compared to the peak recorded early this year.

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Inflation hits hard: ‘The most vulnerable are hit the hardest’

Cook Islands News 24 Sep 2022

In most cases raw materials have increased due to global demand and the excessive increase freight costs ... Forsyth says there are endless increases to freight costs and there are no signs of it decreasing ... It’s price gouging from the major shipping lines in essence, and there seems to be no accountability on a global scale.

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Cocoa freight rates shoot up by 5%, 10% for containerised shipment, bulk shipment

Joy Online 23 Sep 2022

The Cocoa Marketing Company (CMC), Ghana Shippers Authority (GSA) and 18 shipping lines have agreed to increase basic freight rates for the 2022/2023 cocoa season to all destinations but the United Kingdom (UK). As a result, basic freight for containerised shipments has gone up by 5% and basic freight has shot up by 10%.

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Cocoa freight charges up 5 per cent for all destinations, but UK stayed

Business Ghana 23 Sep 2022

The bunker adjustment factor (BAF) — an additional charge levied on the shippers to compensate for fluctuations in the price of the ship's fuel — has also been increased from 28 to 30 per cent for all destinations, except the UK, which was maintained, and the Far East and Brazil, which have already been added to the freight rate.

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Redwood Logistics Receives Quest for Quality Award for Service Excellence

Eagle-Tribune 23 Sep 2022

“Service excellence and reliability is crucial as customers look to outsource their supply chain and domestic freight operations,” said Redwood President of Supply Chain Solutions Steve Walton ... supply chain process, meeting customers wherever they are in their shipping journey.

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MSC Defends its Response to FMC on Shipper’s Complaint

The Maritime Executive 23 Sep 2022

The response is the latest step in a complaint initially filed in July 2021 accusing MSC and co-defendant COSCO Shipping Lines of collusion to manipulate the freight market. MCS Industries contended that the carriers had denied it transportation of its containers under long-term freight contracts forcing the company into the spot market.

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Mercedes' F1 team used biofuel to cut freight carbon emissions by 89 percent

Engadget 23 Sep 2022

The Mercedes-AMG F1 team, however, has experimented with a way to reduce freight emissions ... Since those circuits are relatively close to each other, Mercedes didn't need to rely on, say, air freight to ship cars and components ... An analysis found that using HVO 100 reduced freight emissions by 89 percent.