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Industry News

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Industry News

  • North America Shipping Update July 8, 2021
    Shipping Overview Carriers are pushing general rate increases from Asia to the United States. Spot rates from Asia to the U.S. West Coast continue to increase over the last month. The congestion in Asian ports and U.S. ports is constraining equipment capacity which means shippers are competing with each other to secure space and equipment. This fight for capacity is forcing prices higher. Indian exporters face a new ...
  • Port Omissions and Surcharges July 8, 2021
    Mediterranean Shipping Company (MSC) released an announcement regarding voided sailings and congestion surcharges. MSC will begin voiding Oakland starting week 28 in Asia due to port congestion. The first omission of Oakland for the Orient service will be for CAP SAN JUAN, voyage 128N, ETA Oakland, August 7, 2021. Carriers such as ONE and COSCO are also omitting Oakland beginning in July due to port congestion. Hapag-Lloyd ...
  • Global COVID-19 Flash News Updates June 30, 2021
    Australia 05/25/2021: Australia – Federal Budget and Immigration Updates – Although Australian borders remain closed until 2022, the recently-announced Federal Budget has affirmed the government’s focus on attracting global talent to and business investment in Australia to support the economic recovery. To encourage investment, the government announced an early engagement process which will be established to provide potential investors and global businesses with greater certainty in ...