Logistic News

US PRESIDENT BIDEN SIGNS THE OCEAN SHIPPING REFORM ACT INTO LAW

US PRESIDENT BIDEN SIGNS THE OCEAN SHIPPING REFORM ACT INTO LAW

June 18, 2022

US president Joe Biden signed into law the Ocean Shipping Reform Act (OSRA) on 16 June, which authorizes appropriations for the Federal Maritime Commission (FMC) for fiscal years 2022 through 2025.

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RECORD PRICES FOR CONTAINER NEWBUILD VESSELS

RECORD PRICES FOR CONTAINER NEWBUILD VESSELS

June 14,2022

Boxship newbuilding prices are hitting new all-time highs, as container freight levels show no sign of a substantial correction anytime soon.

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SHIPPERS FEAR HIGHER FREIGHT COSTS DUE TO CARBON TAX

SHIPPERS FEAR HIGHER FREIGHT COSTS DUE TO CARBON TAX

June 13,2022

Fear prevails in the Global Shippers Forum (GSF), the global business organisation which represents cargo owners exporting and importing to international supply chains.

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SHIFL SEES POSSIBLE FURTHER REDUCTION IN FREIGHT RATES

SHIFL SEES POSSIBLE FURTHER REDUCTION IN FREIGHT RATES

June 06,2022

Freight rates, and especially the spot market ones, have fallen sharply since the beginning of the year, driven by declining consumer demand in the US market, according to the digital freight forwarding platform Shifl.

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WAN HAI STARTS JAPAN – US LINER SERVICE

WAN HAI STARTS JAPAN – US LINER SERVICE

June 04/2022

Wan Hai Lines has launched a new service between 15 Japanese ports and both the US west and east coasts.

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SHIPPING AGENTS THREATEN TO STOP CARRYING CARGOES TO AND FROM SRI LANKA

SHIPPING AGENTS THREATEN TO STOP CARRYING CARGOES TO AND FROM SRI LANKA

June 03,2022

Shipping agents in Sri Lanka have warned that shipping lines could stop accepting import and export cargo to and from Sri Lanka as they are failing to remit freight charges due to the ongoing severe foreign currency crises in the island nation.

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GLOBAL SCHEDULE RELIABILITY STILL IN HISTORICAL LOW LEVELS

GLOBAL SCHEDULE RELIABILITY STILL IN HISTORICAL LOW LEVELS

June 02,2022

Global schedule reliability seems to continue to follow the trend seen in 2021, with schedule reliability within a small range but at a slightly lower base, according to the Danish maritime data analysis company Sea-Intelligence.

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SHANGHAI PORT OPERATIONS NORMALISING AS LOCKDOWWN TAPERS

SHANGHAI PORT OPERATIONS NORMALISING AS LOCKDOWWN TAPERS

May 30,2022

Operations in Shanghai port are getting back to normal as the city’s lockdown eases.

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CONGESTION IN US WEST COAST PORTS THREATENS LONG-TERM GROWTH

CONGESTION IN US WEST COAST PORTS THREATENS LONG-TERM GROWTH

May 26,2022

Nearly US$2 trillion a year is the national economic value of the US West Coast ports, but in the long run, their growth is threatened.

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SHANGHAI-BOUND REEFER BOOKINGS RESUME AS LOCKDOWN SET TO END ON 20 MAY

SHANGHAI-BOUND REEFER BOOKINGS RESUME AS LOCKDOWN SET TO END ON 20 MAY

May 16, 2022

Shanghai vice-mayor Wu Qing said at a press conference today (13 May) that the city will gradually lift movement restrictions between 11 and 20 May, nearly two months after the lockdown began.

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