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229% surge in China-U.S. shipping costs drives inflation pressure

229% surge in China-U.S. shipping costs drives inflation pressure

The cost to ship a boxload of goods to the U.S. from China edged close to $10,000 as the world’s biggest economy keeps vacuuming up imports amid slower recoveries from the pandemic from Europe to Asia. The spot rate for a 40-foot container from Shanghai to Los Angeles...

Container vessel Chowgule-8 arrives at Beypore

Container vessel Chowgule-8 arrives at Beypore

It is part of resumption of short-sea shipping service; 40 containers delivered at port Carrying coastal and transshipment containers, motor vessel Chowgule-8 owned by Round the Coast Private Limited reached the Beypore Port on Thursday as part of the resumption of...

Container freight rates up 346% in a year

Container freight rates up 346% in a year

Container freight rates are continuing to rise to record levels due to ongoing disruption to global supply chains. The Drewry World Container Index (WCI) increased 4.2% over the last week to an average of $8,399.09 per feu. Meanwhile the Shanghai Containerized Freight...

Why are containers lost at sea?

Why are containers lost at sea?

Why are containers lost at sea?This post is brought to you by DTN and abb who will be speaking on these issues at a gCaptain hosted webinar on June 22, 2021. Shipping containers becoming lost at sea is a significant problem for the industry – recent figures from the...

3,000 Shipping Containers Fell Into the Pacific Ocean Last Winter

3,000 Shipping Containers Fell Into the Pacific Ocean Last Winter

3,000 Shipping Containers Fell Into the Pacific Ocean Last WinterA rise in container-ship accidents adds to the growing marine plastic pollution problem and poses risks to ocean health, wildlife and mariners. You’re right if you think you’ve been hearing a lot about...

CONTAINER PRICES SURGE IN EUROPE AS CARRIERS FAVOR LOADING EMPTIES

CONTAINER PRICES SURGE IN EUROPE AS CARRIERS FAVOR LOADING EMPTIES

CONTAINER PRICES SURGE IN EUROPE AS CARRIERS FAVOR LOADING EMPTIESFor European exporters looking to source shipping containers, existing shortages could deteriorate significantly in the coming weeks, according to the latest data from Container xChange, the world’s...

Bells ring for new container crisis as world trade to steam ahead

Bells ring for new container crisis as world trade to steam ahead

Bells ring for new container crisis as world trade to steam aheadWith the rapid vaccination drive against the COVID-19 pandemic, recovery in world trade is expected to gain further momentum. Although this is something we had all been waiting for, it signals a new...

Tauranga port ships off record number of containers

Tauranga port ships off record number of containers

Tauranga port ships off record number of containersA record number of shipping containers departed the Port of Tauranga on Monday as the port works to clear supply chain backlogs. The port in partnership with shipping company Maersk and logistics company Kotahi is...