the freight collapse of 2016 in the dry bulk sector has been a reference case for every discussion when the market has undergone any severe downward pressure.
German container shipping line Hapag-Lloyd raised its 2019 operating profit by 80% to 811 million euros ($875.47 million) as it earned higher freight rates and cut costs.
Cargo volume was down slightly in January at the Port of Long Beach, compared to the same month in 2019.
The initial assessment of the coronavirus effect on ocean shipping was: It will slash Chinese exports and reduce China’s import demand
Coronavirus fallout is beginning to show up in freight rates for outbound containerized cargoes from China.
The Baltic Exchange’s main sea freight index rose to a two-week high on Tuesday
The shipping markets have been reeling under the pressure of low demand, the product of the impact that the Coronavirus has had in the global supply chain.
The coronavirus impact is much bigger than what the market had predicted.
Retailers were already beginning to shift some sourcing to other countries because of the trade war, which are likely to accelerate if shutdowns in China continue to impact on supply chains
The shipping industry will soon have to pay for its environmental impact in the EU
All Nippon Airways (ANA) has joined the cargo.one air cargo booking platform as it continues its digital drive.
Two historical freight market troughs in 2011 and 2013 support the idea that rapidly contracting absolute capacity coupled with even modest economic growth should yield higher spot rates.
Drivers looking to improve safety and avoid legal pitfalls must thoroughly understand Federal Motor Carrier Safety Administration rules.