Industry News

OCEAN FREIGHT UPDATES Eid celebrations trigger congestion at port of Chittagong theloadstar.com Bangladesh’s prime seaport Chittagong is facing significant vessel queues and container congestion in the yard, following last week’s Eid ul Fitr celebrations. Yesterday, some 28 container vessels were at the port, of which 17 were waiting...

OCEAN FREIGHT UPDATES Hapag-Lloyd rocks already hard-hit transpac shippers with a $3,000 GRI theloadstar.com Hapag-Lloyd has just announced a $3,000 per 40ft GRI on Asia to the US and Canada services from 15 June. A year ago, the Shanghai Containerized Freight Index (SCFI) US west coast component stood at just $1,686 per 40ft – 12 months...

AIR FREIGHT UPDATES Israel’s Air Traffic Impacted By Rocket Attacks simpleflying.com Overnight, Israel came under a missile attack. More than 1,000 rockets were fired from Gaza, targeting major cities and the main airport of Ben Gurion. The airport closed for around an hour, and although flights have now resumed, some airlines are already...

AIR FREIGHT UPDATES Companies in desperate hunt for aircraft to move cargo freightwaves.com The airfreight market is so saturated that companies without precommitments, or the stomach to pay premiums, are having difficulty finding aircraft to move their goods. And import cargo keeps coming, on top of record volumes for air and ocean shipping,...

AIR FREIGHT UPDATES Companies in desperate hunt for aircraft to move cargo freightwaves.com The airfreight market is so saturated that companies without precommitments, or the stomach to pay premiums, are having difficulty finding aircraft to move their goods. And import cargo keeps coming, on top of record volumes for air and ocean shipping,...