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11/072023
Container market headwin...
Rodolphe Saade, chief executive of France's CMA CGM, said in a recent interview that liner companies should accept that the container industry is returning to a normal cycle, which includes a prolonged period of poor profits.
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11/062023
The Panama Canal quota h...
The Panama Canal will further reduce ship traffic in the coming months due to a severe drought, the canal authority said on October 30, Reuters reported.
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11/032023
Maersk has finally stepp...
Danish shipping giant Maersk Line has been actively chartering ships over the past two weeks in an attempt to close the gap with rival Mediterranean Shipping Company (MSC). Last year, Mediterranean Line overtook Maersk Line to become the world's largest liner company.
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11/022023
Ship company control cab...
Container shipping company control and price stabilization strategy worked, the European line freight rate rose smoothly in November, Shanghai export container freight index (SCFI) rose for three consecutive weeks back to more than 1,000 points.
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11/012023
Another freight forwarde...
Recently, Meadow Lark Transport Inc., a veteran logistics company with a 40-year history in Montana, Canada. Announcing the outage, U.S. supply chain solutions company SELSCS also announced the winding down of the company's operations.
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10/312023
Flexport Acquisition - a...
Flexport, which invested in a technology-driven trucking brokerage last month, is reportedly in talks to acquire Convoy's technology assets. Convoy, a Seattle-based trucking brokerage startup, announced its shutdown just last week (another digital freight forwarding giant shutdown!). Thousands of unemployed). However, another company is also said to be interested.
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10/302023
Two more logistics compa...
In mid-October, supply chain startup Flexport announced it would lay off about 20 percent of its workforce. On October 20, digital freight brokerage Convoy shut down its core operations and laid off staff, believed to be around 1,000. Many freight forwarding logistics companies have laid off staff and announced closure.
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10/272023
Global supply chain risk...
Oslo-based Xeneta Marine market analysis platform recently released that it expects the cost of shipping will continue to rise next year.
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10/262023
Part ways! MSC and Maers...
While the 2M alliance will be dissolved by the end of next year, the current MSC and Maersk fleets have "decoupled" to deploy ships on their respective routes. This has led to speculation that the two shipping companies will agree to end the alliance's ship sharing alliance early.
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10/252023
33% less freight in 2024...
According to Drewry's latest container forecast report, the outlook for the global container shipping industry continues to dim, with an industry-wide loss of $15 billion expected next year.
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