Latest News for: Freight ship


Port supply chain problems could continue, minister warns

RNZ 27 Feb 2021
"With the help of the ports, the identification by the freight forwarders of specific containers, they were actually able to bring specific ships in, unload those containers and then allow the rest of the system to go back to normal," he said.

China's weekly export container shipping index dips 27 Feb 2021
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.

China's weekly coastal bulk freight index up 27 Feb 2021
27 (Xinhua) -- China's coastal bulk freight market saw a rise in general demand in the week ending Friday, ...

Brexit: Why Irish freight trade is avoiding Britain

BBC News 27 Feb 2021
Irish freight is being shipped directly to Europe to avoid Brexit bureaucracy ... .

Global container shipping rates high but unsustainable: Fitch

The Economic Times 27 Feb 2021
Container box shortages and port congestions due to pandemic-related operational disruptions have extended container ships' turnaround times, further increasing freight rates ... .

Container shipping rates high but unsustainable: Fitch

Beijing News 26 Feb 2021
Global container shipping companies' performance will be strong in 2021 after a profitable 2020, according to Fitch Ratings ... Container box shortages and port congestions due to pandemic-related operational disruptions have extended container ships' turnaround times, further increasing freight rates.

Post-Covid-19, Shipping Tailwinds Will Still be Strong

Wall Street Journal 26 Feb 2021
Shipping companies have steamed out of 2020 in ship shape as freight rates hit highs. The rollout of vaccines around the world will eventually tame high shipping costs, but even then the industry may fare better than in previous down cycles ... Freight rates from North Asia to North Europe have tripled since November.

U.S. retailers see millions in sales delays amid shipping logjam

The Los Angeles Times 26 Feb 2021
ports, elevated freight costs and accidents that sent goods plunging to the bottom of the ocean are causing headaches for U.S ... Steven Madden is shipping some goods by air but is “judicious” about the move, CEO Edward Rosenfeld said, because the cost of air freight is also up more than 100% compared with a year ago.

TPM21: COVID-19 driving uptick in usage of online sites for booking ocean freight

Journal of Commerce 26 Feb 2021
Journal of Commerce"][/caption]Online quoting and booking for ocean freight has helped in a pinch as ...

Advocate for Snake River dams says removal would hurt farmers

The Spokesman-Review 26 Feb 2021
Meira said barges hauled about 8.3 million tons of freight ... The lower Snake River dams represent four of the eight dams in the Columbia River system that were built with navigation locks that allow barges to move freight all the way from Lewiston to shipping ports near Portland.

Record High Container Contract Rates Here to Stay Predicts Xeneta

The Maritime Executive 26 Feb 2021
With the demand for container shipping continuing to rise, long-term contract rates are climbing to unprecedented highs according to new data from ocean freight market intelligence firm Xeneta. They report that all key shipping corridors registered steep increases since the ...

ICE Announces Rapid Growth in Marine Fuel and Wet Freight Complex a Year on From ...

The Marshall News Messenger 25 Feb 2021
The IMO regulation requires ships to use fuel oil with a maximum sulphur content of 0.5% versus the previous limit of 3.5% ... Customers use Wet Freight futures and options to manage price risk associated with shipping oil and Open Interest stands at a record of more than 106,000 lots, equivalent to more than 106 million tonnes.