Dec 7, 2018
— China is about to bring the Silk Road back to life, investing billions of dollars to improve trade relationships. Beijing is building its way to European markets by constructing a network of infrastructures that will grant the transfer of Chinese goods worldwide through the Belt and Road Initiative.
Dec 4, 2018
— According to recently released data from the U.S. Census, only 10.1% of adults moved homes from August 2017 to August 2018. This is the lowest rate of moving since the government began collected data in 1948.
Dec 3, 2018
— The latest figures from consultant Drewry in its Sea & Air Shipper Insight report show that average rates on 57 key trades reached $3.02 per kg in October compared with $2.81 per kg in September. Meanwhile, prices are up 8.6% year on year.
Dec 3, 2018
— The container shipping industry “will continue to struggle with overcapacity, notably for larger vessel segments,” says Danish Ship Finance in the latest edition of its twice-a-year Shipping Market Review. In addition, it says low freight rates and surging fuel costs are depressing the profitability of liner companies.
Nov 19, 2018
— October shipments, at 1.224, were up 6.2% annually and down 1.4% compared to September, and October expenditures, at 2.919, were up 12% compared to October 2017 and down 2.4% compared to September.
Nov 1, 2018
— Peak season 2018 broke a new threshold in terms of ocean freight spot rates: It is now as expensive to transport a product from China to North America's West Coast as it was to ship to the East Coast during last year's peak season.
Oct 23, 2018
— A proposed fee increase for harbor pilot services at Port Everglades, Florida will raise average pilotage by more than 100 percent on average for shipping lines that call frequently at the port, according to an analysis by Crowley Maritime Corporation, the port’s largest tenant.