The clock is ticking for North American retailers wanting to bring in merchandise from Asia by ocean carrier for the annual seasonal consumer frenzy.
According to Freightos, door-to-door transit times from China to the US via west coast ports have …

China’s Ministry of Transport (MOT) is encouraging Chinese exporters to sign long-term shipping contracts with liner operators as a hedge against the unprecedented spike in container freight rates.
Spokesperson Sun Wenjian (pictured) said the ministry viewed long-term container shipping contracts …

A coalition of transport associations has warned world leaders that supply chains face “collapse” if they can’t end a crisis that has left hundreds of thousands of workers stranded by Covid.
In an open letter to the United Nations, the …

Earlier this summer, DSV CFO Jens Lund famously talked up their M&A book by arguing they would be open to negotiate a deal with state-owned Deutsche Bahn unit DB Schenker, if the mighty German 3PL were on the market.
Looked …

Reuters reports:
Canada Pension Plan Investment Board (CPPIB) said on Wednesday it had agreed to buy Ports America, one of the largest marine terminal operators in the United States, from investment firm Oaktree Capital Management LP.
While no valuation was …

Increased doubts about the future of LNG as a compliant marine fuel against a backcloth of soaring gas prices has resulted in the cancellation of some LNG-fuelled vessel orders, according to an OPEC report.
The oil-producing cartel’s World Oil Outlook …

News of more capacity in the air cargo market will be some relief to desperate shippers.
CMA CGM Air Cargo, the shipping line’s fledgling carrier, is to receive two new 777 freighters in the spring to add to its fleet …