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Industry News

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Industry News

  • Securing Space in Today’s Supply Chain Environment July 28, 2021
    Recently, shippers have been experiencing new supply chain developments from historic market movements, carrier surcharges, and additional requirements to secure bookings. Many shippers have been asked for non-refundable cash deposits to secure space on vessels. The primary reason for these requests is to guarantee the shipper will appear with their cargo. In a time of unprecedented demand, carriers remain cognizant of the power they wield. Back ...
  • Global Shipping Update July 26, 2021
    China Typhoon In-Fa made landfall on China’s east coast province of Zhejiang on Sunday. The Ports of Shanghai and Ningbo are closed and currently working remotely. Airports cancelled many flights in Shanghai and Ningbo due to the high winds. The central rail hub in Zhengzhou city was closed due to inclement weather. Vietnam Due to an increase in positive COVID-19 cases, many areas of Vietnam are currently ...
  • North America Shipping Update July 15, 2021
    Shipping Update The volatility of freight rates continues, and we have not seen any stabilization yet. Full container load (FCL) ocean freight rates on the trans-pacific trade lane have increased between $14,000-$20,000 from various origins in China. Less than container load (LCL) rates have increased between $260-$350 depending on total cubic meters (CBM) shipped. There continue to be extreme delays from China and India, currently, an ...