Freight rate index now 430% higher than last year

The Freightos Baltic Index (FBX) ended August at US$10,321 per FEU, only…

Shippers artificially inflate freight rates through voluntary increases

A carrier revealed that if it offered US$10,000 per container to the…

Foreign carriers subject of most complaints at Shippers’ Protection Office

The Shippers’ Protection Office has received 55 complaints and inquiries relating to…

OOCL places order for 10 mega box ships

The ten 16,000-TEU container ships have a total value of US$1.6 billion…

HMM workers close wage deal, scrap strike

The 77-day labor dispute comes to an end Workers get a 7.9%…

Vietnam, Malaysia COVID outbreaks drive new logistics woes

Southeast Asia, a low-cost manufacturing hub for many global companies, has been…

2 firms win 9 PPA port management contracts

The Philippine Ports Authority has awarded 15-year management contracts for nine port…

Davao’s Reefer Express Line to launch GenSan-US service

Davao-based Reefer Express Line Filipinas plans to start a monthly reefer service…

Hapag-Lloyd orders 75,000 more containers

Another 75,000 twenty-foot equivalent units (TEUs) of dry boxes on order Delivery…

Box ships anchored off LA, Long Beach ports at record highs

44 container carriers are anchored and awaiting a berth space outside the…