Market News

The Red Sea crisis has had a significant impact on the global shipping industry, leading to a surge in TEU capacity and a growing focus on adaptability and resilience. Increased Capacity The crisis has caused major disruptions to trade routes, with many vessels being diverted around the Cape of Good Hope. This has led to [...]

What will shape the logistics industry in 2024? What about in 2030 and beyond? Here’s an insider’s look at 04 key trends: 1. BIG DATA HELPS MITIGATE SUPPLY CHAIN RISKS Big data analytics are becoming increasingly important in logistics, allowing companies to anticipate disruptions and optimize supply chains for better resilience in today’s complex world. [...]

MoU signing ceremony in Santiago, Chile From fourth left, Masashi Suda, president of NBP, Juan Andrés Errázuriz Domínguez, CEO of Enaex, Hitoshi Nagasawa, chairman of NYK and Felipe González, senior vice president of Logistics & Distribution at CODELCO In January, Enaex, a prominent Chilean ammonium nitrate producer, and NYK Bulk & Projects Carriers (NBP), a [...]

Port Houston has kicked off the year on a high note, achieving record-breaking total container volumes in January. The month saw a remarkable total of 332,961 TEUs, marking a 4% increase compared to the same period last year. Notably, container imports rose by 3% to reach 154,493 TEUs, mainly attributed to robust imports from China ahead [...]

French shipping company CMA CGM Group has announced it will resume Red Sea transits on a case-by-case basis. The Marseille-based carrier said, “We have reevaluated the situation in the Southern Area of the Red Sea and the evolving conditions allow us to resume transit on a case-by-case basis.” CMA CGM noted that “the situation is [...]

Wan Hai Lines, a prominent Taiwanese ocean carrier, is set to revitalize its Asia-Pacific Service (AP1), aiming to bolster its network along the US West Coast. This strategic enhancement sees the AP1 service taking over from the erstwhile AA3 service, with the collaborative effort alongside Ocean Network Express (ONE). Under this partnership, Wan Hai Lines [...]