Latest News for: Freight ship

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Home Depot has contracted its own container ship, trying to sidestep a global shipping crisis ...

Business Insider 14 Jun 2021
Joe Raedle/Getty Images Home Depot has contracted its own container ship to bring its products to the US. Home Depot is among many retailers hit by a global shipping crisis that has led to delays and rising prices ... Home Depot, hoping to sidestep a global shipping crisis, has contracted its own ship to transport its goods.
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Cheap furniture and toys could soar in price as retailers are hit by rising shipping costs

Business Insider 14 Jun 2021
Robert Michael/picture alliance via Getty Images Bulky or low-cost items could be hardest hit by price hikes as shipping costs continue to rise ... Retailers are spending up to ten times more than they would have pre-pandemic to ship items across the ocean ... They take up more room on a shipping container and have thinner margins to absorb rising costs.
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Biz groups back bills curbing shipping rates

Sun Star 14 Jun 2021
Bernadette Herrera-Dy, aims to regulate and standardize local charges imposed at both origin and destination by foreign shipping lines ... Ronnie Ong, mandates the Marina to promote fair and transparent destination and other shipping charges among freight forwarders and agents of international shipping lines.
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Records tumble for listed liners

Splash24/7 14 Jun 2021
Underscoring the record highs container shipping has been enjoying of late, the tallied results mark the the first time that all reporting carriers recorded a positive first quarter EBIT, a period that normally tends to be the slowest for liners.
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Out-of-control shipping costs fire up prices from coffee to toys

Beijing News 13 Jun 2021
Soaring demand, a shortage of containers, saturated ports and too few ships and dock workers, have contributed to the squeeze on transportation capacity on every freight path ... "The longer these extreme shipping freight rates last, the more companies will take structural measures to shorten their supply chains," Damas said.
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Surge in Shipping Costs Globally Could Cause Price Hikes From Coffee to Toys

Time Magazine 13 Jun 2021
A confluence of factors — soaring demand, a shortage of containers, saturated ports and too few ships and dock workers — have contributed to the squeeze on transportation capacity on every freight path ... “The longer these extreme shipping freight rates last, the ...
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Skyrocketing shipping rates may hit consumer pockets sooner than many anticipate

The National 13 Jun 2021
A confluence of factors – soaring demand, a shortage of containers, saturated ports and too few ships and dock workers – have contributed to the squeeze on transportation capacity on every freight path ... “The longer these extreme shipping freight rates last, the more companies will ...
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Prices up for many goods as virus ebbs, need surges

Arkansas Democrat-Gazette 13 Jun 2021
Manufacturing and shipping have gotten more expensive too, as companies deal with overwhelmed factories and clogged ports ... Ocean freight shipping fees from Asia to the United States have quadrupled in some cases, from about $1,500 per container to $6,000 in the past year, said Mark Yeager, chief executive of Redwood Logistics.
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What meat, clothing and five other everyday items tell us about inflation

Yahoo Daily News 13 Jun 2021
Manufacturing and shipping have gotten more expensive too, as companies deal with overwhelmed factories and clogged ports ... Ocean freight shipping fees from Asia to the United States have quadrupled in some cases, from about $1,500 per container to $6,000 in the past year, according to Mark Yeager, chief executive of Redwood Logistics.
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China's weekly coastal bulk freight index falls

Urdu Point 12 Jun 2021
China's coastal bulk freight market saw a decrease in general demand in the week ending Friday, according to the Shanghai Shipping Exchange (SSE).
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China's weekly export container shipping index rises

Urdu Point 12 Jun 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.
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Seafarers adrift in currents of virus' shadow

China Daily 12 Jun 2021
Immense mental health and financial pressure have plagued unsung heroes in shipping industry amid the pandemic. At noon on June 25, commercial ships around the world will sound their horns to mark International Seafarers' Day ... "There is a crisis that has played out almost invisibly, far out to sea or onboard ship.
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Turkish delight for inventive man in Fuzhou

China Daily 12 Jun 2021
But this also means a downside for importers and exporters, as shipping costs are soaring despite a growing number of orders pouring in to recoup dwindling production overseas. "The bad thing is that although many foreign factories have ground to a halt, the freight container price has increased from $3,000 each to $10,000 each," he said.
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