Freight rates on the U.S. West Coast have continued to drop by 8.61%, primarily due to an oversupply of capacity. This trend has also weighed on the Shanghai Export Containerized Freight Index (SCFI), wh...
Recently, freight has entered the off-season, and the reduction in cargo volume is difficult to support freight rates. The Shanghai export freight Index (SCFI) fell 3.41% to 2,251.9 points on the 15th, ending a t...
South Africa has temporarily closed Mozambique's main border and the ports of Lebombo and Maputo due to public safety concerns. This move is expected to have further impacts on areas already facing logistics ...
In early October, the strike at ports along the eastern United States and the Gulf Coast of Mexico came to an end after three days of continuous operation, which relieved the industry that the strike did not lead...
On October 10, Maersk announced that it will raise the FAK rate from the Far East to North Europe and the Mediterranean from November 4, 2024, with a maximum of $5,700.
Due to the ongoing congestion caused by the port strike in the East of the United States, the cargo processing time has been extended, and the number of vessels waiting at the port has increased, which has seriou...