Asia-Europe spot rates move higher as Red Sea crisis impacts weekly voyages
The spread between spot and contract ocean freight rates has widened amid fewer voyages from Asia to Europe due to…
Morocco to pursue wheat imports till year-end after poor harvest
Morocco will provide subsidies for wheat imports between May 1 and Dec. 31, state grains agency ONICL said, indicating the…
Breakbulk24: Uncertainty driving a holistic approach to project logistics: shippers
Project cargo shippers are pivoting and rethinking their supply chain strategies as global turmoil becomes the norm in a post-pandemic…
Ukraine’s April grain exports rise to 6.3 mln tons, ministry says
Ukraine’s grain exports rose to 6.3 million metric tons in April from 5.5 million in March, agriculture ministry data showed…
Excess capacity hangs over recovering container market: Maersk CEO
Sailing the longer voyages around southern Africa has allowed carriers to address their excess capacity challenges, but that is a…
HMM plans for THE Alliance revamp with SM Lines trans-Pacific slot deal
The tie-up is part of a wider move by individual members of THE Alliance to broaden their respective networks and…
US HHG imports await housing recovery after two-year tumble
Elevated mortgage rates and inflation continue to drag down new home construction and remodeling activity, two of the major drivers…
Red Sea rate effect spreads to other trade lanes as demand rises: Maersk CEO
While the carrier is seeing robust volume gains across its main trade lanes, the transits around southern Africa are absorbing…
CMA CGM turns to tech provider to boost invoice accuracy for key accounts
The auditing initiative between the carrier and software vendor OpenEnvoy was kickstarted by CMA CGM’s ZEBOX technology incubator, which connects…
Destocking, Asian demand power rebound in North American resin exports
With US manufacturers shrinking their plastics inventories, overseas buyers are taking up an even more important role for North American…