Logistic News

STRUGGING FOR GREEN LOGISTICS CHANGE

STRUGGING FOR GREEN LOGISTICS CHANGE

04 July 2024

Mr. Ngo Khac Le, Deputy General Secretary of the Vietnam Logistics Business Association, said: If the criteria to "green" the logistics industry are not quickly implemented, businesses will face many difficulties in the future and will gradually be eliminated from business operations, trade and import-export domestically and globally.

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CONTAINER FREIGHT RATES CONTINUE TO SOAR

CONTAINER FREIGHT RATES CONTINUE TO SOAR

29 June 2024

Drewry's World Container Index (WCI) continued to increase 7% last week, to 5,117 USD/feu, and is expected to continue to increase in the following week.

 

 

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MSC LAUNCHES NEW SERVICE LINKING MAJOR ASIAN AND EUROPEAN PORTS

MSC LAUNCHES NEW SERVICE LINKING MAJOR ASIAN AND EUROPEAN PORTS

27 June 2024

MSC shipping line launches new Britannia service, directly connecting China and Vietnam to the UK and main ports in Europe.

 

 

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SINGAPORE REOPENS DISUSED CONTAINER TERMINALS TO EASE PORT CONGESTION

SINGAPORE REOPENS DISUSED CONTAINER TERMINALS TO EASE PORT CONGESTION

22 June 2024

Closed container terminals in Singapore's city center have been temporarily reopened to ease the backlog of ships loading and unloading cargo at the world's second-largest port.

 

 

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SIGNS SHOW THAT CONTAINER FREIGHT RATES ARE SLOWING DOWN

SIGNS SHOW THAT CONTAINER FREIGHT RATES ARE SLOWING DOWN

21 June 2024

Container shipping consultancy Xeneta said that although global spot rates were rising further, the rate of increase had slowed compared to the increases seen in May and early June.

 

 

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U.S. EAST COAST PORT UNION STRIKE THREAT TO TEST SHIPPERS' NERVE

U.S. EAST COAST PORT UNION STRIKE THREAT TO TEST SHIPPERS' NERVE

20 June 2024

Labor talks at U.S. ports on the East Coast and Gulf of Mexico are a looming risk for retailers, manufacturers and other shippers already grappling with longer transit times and higher costs.

 

 

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SINGAPORE PORT BECOMES NEW BOTTLENECK IN GLOBAL SUPPLY CHAIN

SINGAPORE PORT BECOMES NEW BOTTLENECK IN GLOBAL SUPPLY CHAIN

15 June 2024

The world's second largest container port - Singapore - has experienced a spike in congestion, forcing carriers to extend charter contracts and build container fleets to prepare for the extended peak season.

 

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LACK OF EMPTY CONTAINER PUSHING SEA TRANSPORTATION PRICES DRAMATICALLY

LACK OF EMPTY CONTAINER PUSHING SEA TRANSPORTATION PRICES DRAMATICALLY

06 June 2024

Several global trade obstacles hit at the same time, causing a shortage of empty containers, pushing ocean freight rates to increase by an average of about 30% in recent weeks and are expected to increase further.

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SOLUTIONS TO HELP BUSINESSES COPE WITH THE DRAMATIC INCREASE OF SEA FREIGHT (PART 2)

SOLUTIONS TO HELP BUSINESSES COPE WITH THE DRAMATIC INCREASE OF SEA FREIGHT (PART 2)

03 June 2024

Part 1 noted the unstable situation of the maritime transport, especially the rising shipping rates due to the Red Sea tension, causing many businesses to struggle to keep orders and diversify the supply, limiting the impact on the supply chain.

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EXPLANATION OF THE DRAMATIC INCREASE OF SEA FREIGHT LEADING TO EXPORT ENTERPRISES 'S DIFFICULTIES

EXPLANATION OF THE DRAMATIC INCREASE OF SEA FREIGHT LEADING TO EXPORT ENTERPRISES 'S DIFFICULTIES

25 May 2025

If in 2021, transport prices peaked many times due to the impact of the Covid-19 epidemic, then by 2022, the global supply chain once again was affected by the conflict between Russia and Ukraine, causing fuel costs to increase continuously. This effect does not stop and lasts until early 2024, the world continues to witness tensions in the Red Sea area, causing a series of surcharges and escalating shipping costs.

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