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

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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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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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Panama Canal announces second set of restriction easing in June

Panama Canal announces second set of restriction easing in June. Through an Advisory to Shipping, the Panama Canal has announced that, effective June 26, the maximum authorised draught was raised to 14.33 metres (from 46 to 47 feet), and on July 11 will increase to 14.63 metres (48 feet). Additionally, a new booking slot for the Neopanamax locks will be [...]

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