CMA CGM crews seek dialogue on Red Sea transit policy

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How high will container freight rate spike go?

How high will container freight rate spike go?   The dramatic rise in container spot rates continued into July with signs of impact on contract rates as well. The Drewry World Container Index (WCI) was up another 10% week-on-week on 4 July to stand at $5,868 per feu and is 298% higher than it was a year earlier. It is [...]

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Red Sea attacks still taking toll on global chemical shipping industry

Red Sea attacks still taking toll on global chemical shipping industry. Ocean freight rates for 40-foot containers from Asia to North Europe currently over $8,760 Ongoing attacks on vessels in the Red Sea by Yemen’s Houthis continue to disrupt shipping lanes in the chemical industry’s supply chain, according to Al Greenwood, chemicals expert and deputy editor at ICIS. “It’s having [...]

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FreightTech Friday: Japan’s proposed conveyor-belt highway

FreightTech Friday: Japan’s proposed conveyor-belt highway. Japan’s transportation ministry fights ongoing labor shortage In a recent meeting of Japan’s Ministry of Land, Infrastructure, Transport and Tourism, the group unveiled plans to combat its transportation and logistics sector labor shortages with construction of an automated conveyor-belt highway running over 310 miles across central Japan. Known as the Autoflow-Road proposal, the ministry [...]

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