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10/302023
Two more logistics compa...
In mid-October, supply chain startup Flexport announced it would lay off about 20 percent of its workforce. On October 20, digital freight brokerage Convoy shut down its core operations and laid off staff, believed to be around 1,000. Many freight forwarding logistics companies have laid off staff and announced closure.
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10/272023
Global supply chain risk...
Oslo-based Xeneta Marine market analysis platform recently released that it expects the cost of shipping will continue to rise next year.
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10/262023
Part ways! MSC and Maers...
While the 2M alliance will be dissolved by the end of next year, the current MSC and Maersk fleets have "decoupled" to deploy ships on their respective routes. This has led to speculation that the two shipping companies will agree to end the alliance's ship sharing alliance early.
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10/252023
33% less freight in 2024...
According to Drewry's latest container forecast report, the outlook for the global container shipping industry continues to dim, with an industry-wide loss of $15 billion expected next year.
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10/242023
Strike! Another channel ...
On the 22nd local time, workers in Canada's St. Lawrence Seaway launched strike action, resulting in the closure of the seaway.
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10/232023
The conflict continues t...
On October 22, according to the Palestinian health Ministry and the Israeli health Ministry, the new round of conflict between Palestine and Israel has killed more than 5,800 people on both sides. Israeli air strikes against Hamas were still ongoing on the 21st local time. Hamas, meanwhile, is responding by firing rockets.
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10/202023
The container market is ...
The container market seems to be depressed enough that Hapag-Lloyd recently predicted three years of tough times, but for analysts, shipping companies are optimistic.
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10/192023
Suez Canal announces 15%...
According to CCTV finance reports, Egypt's Suez Canal Authority issued a statement saying that from mid-January 2024, it will raise the tolls for some ships passing through the Suez Canal.
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10/182023
Maersk and CMA CGM: Susp...
Record low water levels in the Amazon River are disrupting the flow of goods to and from Brazil's seventh-largest port and a nearby free trade zone.
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10/172023
Port of Israel, shipping...
Evergreen Marine announced that its 1778TEU"Ever Cosy" suffered force majeure, which prevented it from docking at the Israeli port of Ashdod as planned and diverted it to Haifa. The company said the situation was beyond its control and that all shipments to Ashdod had been unloaded in Haifa, adding: "Thereafter, the main contract of carriage is deemed terminated and all liability of the carrier terminates."
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