Browsing Tag

Port congestion

113 posts

Freight rate inflation to stay for rest of 2021 amid sustained challenges—report

Port congestion and container equipment shortages will remain throughout most of 2021,…
  • April 14, 2021
  • 3 minute read

Fitch Ratings: box shipping rates remain high but susceptible to risks

Spot freight rates to remain high in the short term, which will…
  • February 25, 2021
  • 2 minute read

Shipping rates in Jan up 5.9% from Dec, among historic highs—Xeneta

Global shipping rates showed one of the highest ever monthly rate increases in January 2021, jumping 5.9% from the previous month and up 4.5% year-on-year, with few signs of relief on the horizon, according to Xeneta’s latest XSI Public Indices report.
  • January 29, 2021
  • 3 minute read

Container crisis to last until 2Q, spur higher freight rates, predicts Drewry

The new year has seen “the same vertical take-off” for East-West container…
  • January 27, 2021
  • 3 minute read

CMA CGM to deploy nine 23,000-TEU vessels to raise Asia-Europe trade capacity

Capacity boosted between Asia and Europe to meet ‘unprecedented demand’ for shipping…
  • December 15, 2020
  • 2 minute read

Shippers carry most of cost burden of port congestion—Drewry

Container shipping alliances responded to the pandemic-led lockdowns with curtailed services or…
  • December 8, 2020
  • 3 minute read

Business groups seek suspension of port charges to cut logistics costs

Business groups urged government to impose a moratorium on port fees to…
  • April 24, 2020
  • 5 minute read

PPA issues procedures for quick release of cargoes

Philippine Ports Authority (PPA) rules implementing the joint administrative order (JAO) adopting…
  • April 12, 2020
  • 3 minute read

Cargo clearance may be accomplished in 24 hours, says BOC

Assuming all import documents are in order, the Bureau of Customs (BOC)…
  • April 5, 2020
  • 2 minute read

JAO fast tracks release of cargoes to address port congestion

The Philippine government is expediting release of containers to prevent port congestion…
  • April 3, 2020
  • 6 minute read