Shipping companies haul in record profits in 2021

Shipping companies haul in record profits in 2021
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

23 shippers sanctioned for price-fixing in South Korea

23 shippers sanctioned for price-fixing in South Korea
South Korea’s antitrust watchdog has fined 23 domestic and foreign shippers a combined 96.2 billion won (US$80.84 million) for price-fixing. Among these were three Taiwanese container shippers: Evergreen Marine Corp, […]
Wed 26/01/2022 by Richard Wilkinson

Chilean cherries facing slow customs clearance problems in China

Chilean cherries facing slow customs clearance problems in China
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

Maersk presents revolutionary new boxship 

Maersk presents revolutionary new boxship 
Maersk has unveiled its brand new design for its next generation of green ships, which more closely resemble livestock carriers than boxships. Designed to sail on green methanol with 16,000 […]
Wed 12/01/2022 by Richard Wilkinson

Reefer prices predicted to rise further into 2022

Reefer prices predicted to rise further into 2022
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

Singapore suffers record congestion

Singapore suffers record congestion
The global shipping crisis is worsening, as shipping hubs are seeing high levels of congestion, with containers piling up. Last Monday, the backlog at Singapore was 22% above normal, with […]
Mon 08/11/2021 by Richard Wilkinson

US online grocery sales dip in September but remain high

US online grocery sales dip in September but remain high
Despite the sharp drop in ship-to-home home transactions, US online grocery sales and order volume remained high in September, according to data from strategic advisory firm Brick Meets Click. The […]
Thu 21/10/2021 by Richard Wilkinson

US retailers charter ships to tackle supply chain crisis

US retailers charter ships to tackle supply chain crisis
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

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