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202405-14Nightmare! Freight rates soar to $10,000! Even paying higher freight rates won't secure a booking.Freight forwarders are warning customers that demand for Asia-Europe sea freight is starting to resemble the peak period during the pandemic. -
202405-08Maersk revises full-year guidance, expects Red Sea crisis until year-endMaersk has stated that disruptions to shipping caused by the Red Sea crisis are expected to persist until the end of this year. -
202405-07Gradual Recovery! Container Ship Finally Passes Through Baltimore PortOn April 27th local time, a small container ship arrived at the Port of Baltimore in the United States through a temporary channel, marking the first cargo vessel to reach the port since the collapse of the Francis Scott Key Bridge over a month ago. -
202404-15The restoration schedule for the Port of Baltimore has been set.The U.S. Army Corps of Engineers anticipates that a new channel to the Port of Baltimore in Maryland will be opened by the end of April, facilitating the resumption of commercial shipping hindered by the collapse of the Francis Scott Key Bridge. -
202403-27A container ship hit a bridge pillar in Baltimore, causing collapse and people falling into water.CCTV News reported that a bridge in Baltimore, Maryland, USA collapsed in the early hours of the 26th local time due to a ship collision.
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202403-22The Federal Reserve is concerned about a sharp increase in US unemployment ratesLast week, Federal Reserve Chairman Jerome Powell's unexpected remarks injected a shot in the arm for the markets, propelling a simultaneous rise in U.S. stocks, bonds, and currency. -
202402-28The controversial charges have been finally regulated!According to the regulations from the Federal Maritime Commission (FMC), if carriers and terminal operators fail to provide necessary information on the invoice, the payer can choose not to pay the related fees.
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202402-28The Ocean Alliance will continue until 2032.With the extension of this collaboration period, the Ocean Alliance will continue to pursue its primary goal: to consistently provide optimal services for alliance member clients in the future. -
202402-27Red Sea crisis milder than pandemic; container shipping faces 2025 challenges.The impact of the Red Sea crisis, though significant with a large increase in TEU-miles, is considered less severe than the Covid-19 disruptions. -
202402-21Red Sea crisis may disrupt global economy for a year! Shipping rates to stay high in H1.The Red Sea crisis is causing the first deterioration in the supply chain for manufacturers in the Eurozone and the UK in a year.
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