Against the backdrop of extremely weak demand forecasts, shipping companies are preparing to cancel about half of their scheduled voyages from Asia to northern Europe and the US after the Chinese New Year o...
According to One Shipping:On December 6, CMA CGM announced that it has signed a binding agreement to acquire two Container terminals at the Port of New York-New Jersey, GCT Bayonne and GCT N...
With the approach of the Chinese Lunar New year, there seems to be little container shipping companies can do to stop the rapid decline in container spot rates.
According to the latest news of One Shipping: On November 24, South Korea's truck drivers began a nationwide strike.
A year ago, Los Angeles and Long Beach, the largest ports in the United States, were bustling; Now, on the eve of the busiest shopping season of the year, the two ports are desolate.
Maersk said it is offering shippers the opportunity to slow the arrival of shipments from Asia to ports in Europe and the US to help retailers manage bloated inventories as a number of retailers face overstocki...