The UK P&I Club and other insurers are close to an agreement with the Suez Canal Authority (SCA) for compensation following the stranding of the Ever Given in March this year.
As a result of negotiations with the SCA, the …
Container shipping’s capacity crisis is pushing more of New Zealand’s exports to airfreight.
Congestion at troubled Ports of Auckland had already prompted a raft of delays and carrier surcharges for the country’s shippers and now, the bottleneck in South China …
US cold storage real estate investment trust Lineage Logistics has embarked on a transatlantic buying spree.
On 8 June the company announced the acquisition of Kloosterboer Group, an integrated platform for temperature-controlled storage, logistics and value-added services.
Kloosterboer has 11 …
It’s one of those exuberant starts to the week, as outlined in the APAC-related table below (click to expand):
More joy from MarketWatch overnight: “Dow futures sink 200 points, bitcoin continues its slide.”
While the Japanese yen – a risk …
Carriers are being accused of “welching” on newly signed contracts to go after more lucrative premium business.
The Loadstar has seen evidence that some carriers are refusing to honour the MQCs of new contracts with shippers, forcing them to ship …
Chronic congestion in Asia, particularly at Yantian, the US and Europe will force rates higher and will most likely lead to shortages of low-value goods no longer viable to transport, according to a senior European banker.
Yantian productivity, while on …
US west coast ports are losing business to other gateways because of opposition from workers to productivity improvements, according to some observers.
However, labour unions believe intermodal connectivity, rather than port productivity, should be the focus for change.
Lately the …
