Apr 15, 2021
— According to Rakesh Pandit, CEO of Conbox Logistics: “Not only are European shipments running late, but we’re seeing a lot of cancelled bookings placed in March from countries such as Italy, Turkey and Spain – we have a backlog of 300 teu from Europe to India in just the last 10-days.”
Mar 30, 2021
— Shippers and consignees need to brace themselves for a significant increase in US warehousing costs, according to real estate giant CBRE. It warned that rampant demand, coupled with tight supply and rising construction costs, could drive up warehousing rents by 10% this year.
Mar 29, 2021
— Bangladesh is freeing-up of hundreds of containers that have remained undelivered for years and occupy valuable space at Chittagong port and depots. Shipping agents said the latest move would put some 300 containers back into circulation.