USDA Media/Lance Cheung.
Shipping companies’ profits were up by 900% to around $150 billion in 2021, according to a Bloomberg report. And with ocean shipping rates expected to high elevated well into 2022, […]
Mon 31/01/2022 by Richard Wilkinson
D-Quality Survey
With over 7,000 containers loaded with Chilean cherries arriving in Hong Kong’s port over this period, the current slow customs clearance is a real problem, according to industry insiders. While […]
Mon 24/01/2022 by Richard Wilkinson
USDA
Reefer container rates are forecast to climb even faster than dry cargo rates in 2022, according to Drewry’s recently published Reefer Shipping Annual Review and Forecast 2021/22 report. “As trade […]
Mon 03/01/2022 by Richard Wilkinson
USDA/Photo by Lance Cheung
Major US retailers have begun to charter their own vessels in an attempt to overcome global supply chain disruptions, according to Reuters. The retailers include Walmart, Target, Home Depot, Costco […]
Mon 18/10/2021 by Richard Wilkinson
CMA CGM
Container shipping line CMA CGM has announced the freezing of its spot market prices for moving goods to allay fears over soaring freight costs. According to a report by The […]
Wed 22/09/2021 by Richard Wilkinson
APM Terminals Pacific
As the world’s supply chains buckle under the pressure of container and labour shortages, a record number of freight ships are currently stuck awaiting entry into California’s two largest ports, […]
Mon 06/09/2021 by Richard Wilkinson
LUCY NICHOLSON/REUTERS
Container shipping prices are rocketing due to ongoing global supply chain bottlenecks, with little respite expected until 2020, reports The Wall Street Journal. Average price worldwide are more than four […]
Wed 14/07/2021 by Richard Wilkinson
Public Domain
The combined effects of strong shipping demand, port delays, and shortage of containers have led to the spot price of containers continuing to rise, according to a report by Foreign […]
Fri 25/06/2021 by Richard Wilkinson
Drewry
While reefer container freight rates have increased dramatically this year, that is nothing compared to the rise in dry box pricing, according to Drewry’s Reefer Shipping Forecaster report. Drewry’s Reefer […]
Mon 10/05/2021
Réussir Fruits et Légumes
Japanese imports of fresh fruit dropped 8% y-o-y to 112,100 tons during February 2021. The reason for the fall is attributed to the global reefer container shortage. US imports were […]
Thu 29/04/2021 by Richard Wilkinson
All rights reserved
Markets in some areas of the Far East appear to be slowly returning to work, after a major slowdown in the face of the Coronavirus outbreak. Although consumption is starting […]
Mon 16/03/2020 by Richard Wilkinson
