BRITISH TRADE UNION ANNOUNCES EIGHT-DAY STRIKE ACTION AT PORT OF FELIXSTOWE

August 9, 2022

British trade union Unite has announced that over 1,900 workers at the port of Felixstowe, who are union members, will begin eight days of strike action from 21 August until 29 August.

SHIFT’S PREDICTIONS SHOW DRAMATIC RETREAT IN SPOT RATES

July 29, 2022

According to early indications from SHIFEX, the freight rate index by the digital freight forwarding platform Shifl, box prices on the main Trans-Pacific trade lanes declined, during the third quarter of the year, more than 50% from the September 2021 peak, falling at levels not seen since the beginning of last year.

LONG-TERM FREIGHT RATES FOR AUSTRALIA AND NEW ZEALAND IMPORTS HIT RECORD LEVELS

July 22,2022

The average of all long-term freight rates in Australia and New Zealand imports reached new highs in July, according to this week's update of the container rate platform, Xeneta.

DOWNWARD PRESSURE ON RATES: DEMAND OR SUPPLY DRIVEN?

July 19,2022

Given the recent decline in spot rates (below what could be explained by normal seasonality), maritime data analysis company Sea-Intelligence sought to answer a very relevant question: the downward pressure of spot rates is caused by supply or demand?

VIETNAM EXPORTS DURIAN TO CHINA VIA OFFICIAL CHANNELS

July 13, 2022

After passion fruit, durian has become the second Vietnamese fruit to get permission to enter the Chinese market via official channels.

FIATA CALLS FOR BALANCE AND FAIR MARITIME MARKET SYSTEM

July 01, 2022

The International Federation of Freight Forwarders Associations (FIATA) continues to call on industry stakeholders and market regulators to take action to ensure a balanced and fair trading system.

24-HOUR WARNING STRIKE AT GERMAN PORTS DUE TO BARGAINING DISPUTE

June 22, 2022

In the collective bargaining dispute with the Central Association of German Seaport Companies (ZDS), the German union, United Services Union (ver.di), has called several thousand employees in the seaports of Emden, Bremerhaven, Bremen, Brake, Wilhelmshaven and Hamburg to a 24-hour warning strike from Thursday morning, 23 June 2022 on.

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.

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.

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.