Rotterdam-Rhine-Alpine-rail route shut down, barges delayed Without rail access to much of its hinterland, barge delays at Rotterdam will likely grow worse. The rail route connecting Rotterdam with Switzerland and northern Italy, one of Europe’s busiest freight corridors, has shut down due to subsidence caused by engineering works on tracks in South West Germany. Diversion […]
Read More →Asia-Europe rates dip as August increases lose traction
on August 18, 2017in Industry News
Asia-Europe rates dip as August increases lose traction The falling rates despite higher volumes point to existing capacity being enough to handle demand. There was a slight decline in spot freight rates from Asia to Europe and the Mediterranean this week with demand slowing over late summer, although volume and rates on the trades are […]
Read More →Port Freeport resin packaging center targets Latin America
on August 16, 2017in Industry News
Port Freeport resin packaging center targets Latin America A&R Logistics, which last month announced a bulk-to-containers packaging center for plastic resins at the Port of Savannah, is developing a similar operation at Port Freeport, Texas, to focus on exports to Latin America. The Freeport project comes as several polymer plants in Texas and Louisiana prepare […]
Read More →Brexit customs proposal short on details, say UK forwarders
on August 16, 2017in Industry News
Brexit customs proposal short on details, say UK forwarders Andrew Baxter, Managing Director at logistics operator Europa Worldwide Group, said the UK government was taking a positive approach to minimising the customs issues that could be caused by Brexit. Credit: Europa Worldwide Trade and customs arrangements dominated the first of several papers to be released […]
Read More →PIL and PSA hook up with IBM in Singapore blockchain project
on August 15, 2017in Industry News
PIL and PSA hook up with IBM in Singapore blockchain project Executives from PIL, PSA and IBM join Singapore government officials after signing an MOU to explore block chain technology. Credit: PSA Singapore’s Pacific International Lines and terminal operator PSA International have become the latest container industry players to explore distributed ledger technology known as […]
Read More →Global container volume gain forecast at fastest clip in six years
on August 14, 2017in Industry News
Global container volume gain forecast at fastest clip in six years Cranes at ports around the world have been lifting more containers than last year. Shipping analyst Drewry will be radically reassessing its volume forecast for this year and 2018 as world container throughput heads for its fastest growth in six years.The vast majority of […]
Read More →Global container volume growth at fastest clip in six years
on August 14, 2017in Industry News
Global container volume growth at fastest clip in six years Cranes at ports around the world have been lifting more containers than last year. Shipping analyst Drewry will be radically reassessing its volume forecast for this year and 2018 as world container throughput heads for its fastest growth in six years.The vast majority of that […]
Read More →Surging US imports fail to lift trans-Pac spot rates
on August 11, 2017in Industry News
Surging US imports fail to lift trans-Pac spot rates US container imports are forecast to rise 6.6 percent this year. Despite record import volumes flowing through major US ports, container lines have failed to lift eastbound Pacific spot rates for the second week straight, although a forecast for accelerating Asia imports this month could propel […]
Read More →Asia-Europe spot rates flatten ahead of mid-August GRIs
on August 11, 2017in Industry News
Asia-Europe spot rates flatten ahead of mid-August GRIs Some optimistic rate increases are being lined up for Aug. 15. Solid peak season volumes and reports of tight space from shippers have not been able to push up the Asia-Europe spot market, with freight rates declining slightly this week in advance of yet another round of […]
Read More →Asia-Europe spot rate flattens out ahead of mid-August increases
on August 11, 2017in Industry News
Asia-Europe spot rate flattens out ahead of mid-August increases Some optimistic rate increases are being lined up for Aug. 15. Solid peak season volumes and reports of tight space from shippers have not been able to push up the Asia-Europe spot market, with freight rates declining slightly this week in advance of yet another round […]
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