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Global Logistics: Page 51

Global Shipping Turmoil Expected to Calm Down by Mid-Year
Trade disruptions that have sent freight rates soaring and overwhelmed major ports may start to ease after the first quarter, Maersk said — disappointing investors but signaling eventual relief for cargo shippers.
Photo: Bloomberg
Turmoil in the Transpacific Container Trades: Is There Relief for Shippers?
These are tumultuous times for the ocean container trades between Asia and the U.S. Freight rates are persistently high, port congestion is slowing the movement of goods, and shippers are complaining about cancelled sailings and a shortage of equipment.
Photo: Bloomberg
Freight-Cost Pain Intensifies as Pandemic Rocks Ocean Shipping
Soaring freight rates and delivery delays have sparked a global backlash by companies frustrated about the destructive mix of deteriorating service and higher ocean shipping costs.
Photo: Bloomberg
Rogue Captain’s Mid-Ocean Detour Tips Investors to Crisis at Sea
In one of the most hidden horrors of the pandemic, cargo ships turned almost overnight from engines of global commerce into floating prisons.
Photo: Bloomberg
J&J Raises EU Concern With Plan to Package Vaccines in U.S.
Johnson & Johnson will ship some COVID-19 vaccines ordered by the European Union to the U.S. for the last stage of production, raising concern among some member states that the bloc’s inoculation program could be hampered by further delays.
Photo: Bloomberg
Freight Firms Reject 1-in-5 Cargos Shipped From France to U.K.
Freight companies are rejecting one in five contracts to take goods from France to the U.K. as border rules put in place after Brexit added to delays in moving goods across the English Channel.
Photo: Bloomberg
Shipping Container Crunch Shows Signs of Easing
A global shortage of shipping containers that’s sent ocean freight rates skyrocketing shows signs of easing.
Photo: Bloomberg
Shippers Saw a Need for Bigger Vessels, But They Built Them Too Big
Here's why the cost of shipping goods out of China is soaring right now.
Photo: Bloomberg
Brexit Border Trouble Grows as Key Customs System Maxes Out
A key U.K. government customs system has been overwhelmed within weeks of Brexit and threatens to trigger more disruption as freight traffic rebounds.
Photo: Bloomberg
Piracy Surge Off West Africa Draws Maersk Call for Action
Pirate attacks have pushed up insurance and other costs for shippers operating off West Africa, with some resorting to hiring escort vessels manned by armed navy personnel.
A crane carries shipping containers owned by AP Moller-Maersk A/S away from a ship. Photo: Bloomberg.
LSP Saves Customer $1.5 Million a Year With Kinaxis Global Inbound Management
Challenge: A multinational oil and gas company relied on thousands of suppliers worldwide — including remote partners in Azerbaijan, Alaska and Angola — for time-critical materials. However, the company lacked adequate visibility and transportation management over it’s 60,000 purchase orders per year, resulting in incomplete deliveries, poor shipment-status insights and high administrative and process costs.
Ship Orders Slump 50% With Owners Unsure Which Green Fuel to Use
Orders fell almost 10% in 2019 and then more than 50% in 2020 to the lowest in at least two decades, IHS Markit data show. If activity doesn’t pick up, that could lead to a dearth of vessels and a spike in freight rates in a few years.
Source: Bloomberg
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