China, ‘factory of the world,’ is losing more of its manufacturing and export dominance, latest data
The latest data in the CNBC Supply Chain Heat Map shows China is losing more manufacturing to Vietnam, Malaysia, Bangladesh, India, and...
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Mark Kim
Oct 19, 20221 min read
Haulage to inland destinations to attract Inland Fuel Adjustment Factor – Maersk
If you are a new customer about to sign a service contract with Maersk or an existing contract customer whose rate contract is up for...
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Mark Kim
Oct 19, 20221 min read
Container freight rates moving to ‘manageable levels’: DHL
The latest DHL Ocean Freight Market Update noted a muted peak season with a downward shift in freight rate levels and demand in key...
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Mark Kim
Oct 13, 20221 min read
U.S. Import Volume Heads South in September, But Still Above Pre-Pandemic Levels
U.S. container import volumes have finally started to fall off the proverbial cliff that some in the industry have been predicting for...
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Mark Kim
Oct 13, 20221 min read
Weaker dry bulk market forecast in 2023
The dry bulk shipping market suffered a major slump in Q3 this year and while some recovery is expected in the next six months overall...
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Mark Kim
Oct 5, 20221 min read
Volume of blank sailings deemed insufficient to stem box rate decline
Carriers are taking services out of the transpacific, and this year’s first boxship scrap candidates have emerged as container shipping...
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Mark Kim
Oct 5, 20221 min read
Tensions rise in West Coast port labor battles, with unions and management trading accusations
Labor union ILWU is being accused of slowdown tactics at Oakland and Seattle-Tacoma ports. The union counters that management improperly...
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Mark Kim
Sep 29, 20221 min read
Maersk remains the only investment-grade credit in the container shipping space
According to Drewry analysis, which includes a forecast for 2023, in just three years, the container shipping industry will have made as...
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Mark Kim
Sep 29, 20221 min read
Globalization of trade isn’t ending, despite Covid, war, inflation
Trade is expected to grow slightly faster in 2022 and 2023 than it did over the previous decade, according to a new report from DHL and...
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Mark Kim
Sep 22, 20221 min read
Egypt’s Suez Canal fee hike won’t have a ‘massive’ impact on trade flows, analyst says
Egypt announced on Saturday that it will raise transit fees in 2023 for all types of vessels passing through the Suez Canal. According to...
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Mark Kim
Sep 22, 20221 min read
‘Hard landing’ forecast for container freight rates
Spot rates, as recorded by the Shanghai Containerized Freight Index (SCFI), seem to be on a “fast-declining trend”. Over the past four...
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Mark Kim
Sep 19, 20221 min read
Indian National Logistics Policy aims to bring down logistics cost from 13-14% to single digits
As India wants to reiterate it's position as a major manufacturing hub, India has been setting big export targets on the back of its...
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Mark Kim
Sep 14, 20221 min read
Shanghai port breaks daily container volume record
Daily container handling volume at Shanghai port has exceed 160.000 teu, hitting a new high. During january and August this year,...
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Mark Kim
Sep 14, 20221 min read
Liverpool port strike goes ahead as parties fail to reach agreement
As dockworkers at the Port of Liverpool have rejected the employer’s latest pay offer, a two-week long strike will keep threatening more...
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Mark Kim
Sep 7, 20221 min read
Shanghai port opens up giant empty container transportation centre
An empty container transportation centre has opened in Shanghai, the world’s biggest container port. The giant new facility located in...
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Mark Kim
Sep 7, 20221 min read
Maersk bets on Malaysia with logistics tie-up
Maersk has teamed up with the Malaysia government, signing an MOU with the Malaysian Investment Development Authority (MIDA) to drive...
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