Shippers ‘Running Out of Options’ to Get Their Peak Season Goods Out of Asia by Air
Cargo owners that haven’t made firm arrangements to move peak season cargo out of Asia by air are running out of options, warns logistics provider Dimerco.
Even Suez Canal Restart Would Be No Silver Bullet for Container Shipping Turbulence, Warns Jensen
Shippers should anticipate continued volatility in container shipping freight markets through 2025, with even the restart of operations through the Suez Canal not guaranteeing immediate respite from disruptions and soaring freight rates, according to Lars Jensen, CEO of Vespucci Maritime.
Box Lines Set for Price Hikes in August to Halt Asia-U.S. West Coast Rate Slide
Mainline operators are looking for a price hike in Asia-U.S. West Coast rates in mid-August to undo the recent correction.
Highway 16 to Open to Commercial Traffic ‘Imminently’ as Jasper Wildfire Continues to Burn Out of Control
While out-of-control wildfires continue to burn and smoulder in Jasper, the critical highway route through the national park is set to reopen to commercial traffic.
A Canadian Rail Strike Is Likely in Late August, CPKC CEO Keith Creel Says
With labour negotiations at a standstill, a Canadian rail strike is likely to occur in late August, Canadian Pacific Kansas City CEO Keith Creel said Tuesday.
Suez Canal Revenue Dropped $2 Billion Last Year Due to Red Sea Security Crisis
The Suez Canal Authority saw its revenue drop by about $2 billion year-over-year because of the traffic impact of Houthi attacks in the Red Sea, the agency said Thursday.
Bangladesh ‘Jam-Packed’ with Cargo as Curfew and Internet Restrictions Continue
Bangladesh cargo flows have resumed after the government restored limited internet connections for airport, emergency services, hospitals and port operators on July 23.
Port of Vancouver Operations Update – July 26
The Port of Vancouver remains open and operational.
Container Shipping Rates Dip for First Time in Months as Restock Rally Fades
Spot rates for shipping containers fell for the first time in almost three months amid signs demand is cooling, after U.S. tariffs on Chinese goods and other trade disruptions sparked an earlier-than-usual peak season for restocking.
German Port Workers to Vote on Contract Proposals After Multiple Strikes
Germany’s Ver.di union has decided to present two possible alternatives for a new dockworkers’ contract to the membership for comments after four rounds of contentious negotiations. Ver.di says it will determine its response after the membership survey to what the Central Association of German Seaport Operators (ZDS) called its final offer.