Forwarders are predicting ‘big chaos’ and very high rates in the coming air peak season, as a host of issues combine, leading to demand significantly outstripping supply out of Asia. The problems in Shanghai, where an outbreak of Covid has led to strict crew and...
To help ease the scarcity of empty containers, Hapag-Lloyd has ordered another 75 000 TEU dry boxes. The containers will be manufactured in China and delivered within the fourth quarter of 2021. This brings the line’s total investment in containers since the...
Shipping container rates are continuing to skyrocket, and as ocean trade approaches its peak season, some market participants think the situation is likely to linger until mid-2022. “This is not going away tomorrow, not the next quarter,” said Eytan Buchman, chief...
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