The OECD’s International Transport Forum (ITF) has published its Transport Outlook 2021. The think tank’s report on transport policy was released prior to the virtual annual summit of transport ministers this week. The ITF forecasts that global transport activity will more than double by 2050, and traffic emissions will rise [...]
The Apollo Cargo Alliance is happy to welcome its newest member in the following strategical location: Chennai, India We are sure this freight forwarder will contribute to the positive growth of our international logistics network.
The containership orderbook as a percentage of fleet capacity is closing in on the 20% mark, having only broached double figures last October. Box shipping’s vessel orderbook-to-fleet ratio had steadily decreased from 30% in 2010 to 8.8% at the end of Q3 last year, the lowest figure recorded this century. [...]
Global transport activity will more than double by 2050, and traffic emissions will rise by 16% compared to 2015 - even if existing commitments to decarbonise transport are fully implemented. Any currently expected emissions reductions will be more than offset by the increased demand for transport. However, transport CO2 emissions [...]
Asia-West Coast rates now 3.2 times higher than they were at this time 2020 The headlines last August and September blared: “Trans-Pacific rates are going crazy.” “Rates are on fire.” “Records shattered.” Oh, what cargo shippers would give to get the rates they paid eight or nine months ago. Those [...]
The Suez Canal Authority (SCA) plans to expand and deepen the southern stretch of the waterway where a container ship became jammed and blocked traffic for six days in March, Chairman Osama Rabie said in a televised address on Tuesday. Rabie presented the plan at an event attended by Egyptian [...]
Airports Council International (ACI) World has today published its 2021 Economics Report and industry Key Performance Indicators which explore the fundamentals of the industry as airports plan their long term recovery from the impact of the COVID-19 pandemic. The report includes analysis for 2019 - the full year before the [...]
The Apollo Cargo Alliance is happy to welcome its newest member in the following strategical location: Izmir and Mersin, Turkey We are sure this freight forwarder will contribute to the positive growth of our international logistics network.
Contract rates in container shipping are soaring to record levels. The contract rates published on the China Containerised Freight Index (CCFI) last Friday hit 2,074 points. Putting this in context, the combined index peaked at 2,072 points on February 19 following Chinese New Year. The CCFI is defined as being [...]
Genco, Eagle Bulk and Safe Bulkers top forecasts amid decade-high dry bulk rates Everything’s connected in ocean shipping. Very high demand for ships in one segment can affect supply-demand fundamentals for entirely different vessel types. It’s happening now. Container shipping is so strong that reverberations are being felt in dry [...]