China Monopolized Over 80% of Shipping Containers?
Factories manufacture shipping containers at an astonishing speed. But the underlying question is: How long does it take between when you place an order and when you put them in service?
Is It True? DSV to Become the World’s Largest Forwarder?
Speculation has been circulating for years that Deutsche Bahn AG may sell all or part of its forwarding business, DB Schenker, valued at around $8-10 billion, to raise money for an IPO. The combination of DSV and DB Schenker will create the world’s largest forwarder with revenue of ~$46 billion, surpassing the current leader, DHL Global Forwarding.
Will Amazon Take Up TOO MUCH of Our Life?
While many retailers benefited from pandemic-driven e-commerce growth over the past 18 months, Amazon still remains its supremacy in the industry and earns more in online shopping in the US in 2021. Though consuming behaviours may return to the pre-pandemic mode, Amazon’s dominance will remain and its sales will continue to grow in the following years.
Latest Freight Rates Updates!!
According to data from Freightos Baltic Index (FBX), global freight rates have continued to rise, reaching up to 10,380 USD/FTU at the beginning of August since Jan 2021. Among the main routes, which are Pacific, Suez, and Atlantic, the Pacific route takes first place for freight rates with a stunning rate of 17,584 USD/FEU from China/East Asia to North America East Coast.
Freight Prices between US and China Exceed $20,000, Breaking the Record!
With the peak of the U.S. shopping season’s coming, rising retail orders add strain to global supply chains. Container shipping rates from China to the East Coast of the U.S. have scaled new highs above $20,000 per 40-foot box. FIGURE 1 The acceleration in Delta virus outbreaks in several countries has slowed global container turnaround […]
NEWEST Top 7 Global Rankings for Air Forwarders
According to the report released by Armstrong & Associates, a world-renowned consulting company, the top 7 air freight forwarding companies transported approximately 8 million tons of cargo in 2020, 8.6 million tons less than 2019. DHL Global Forwarding (DHL) DHL continues to dominate first place. Like all the other freight forwarding companies, it’s difficult to […]
What is Overcapacity in the Shipping Market?
Cosco Shipping, the world’s fourth largest container shipping company, has placed a $1.5 billion order for 10 new container ships. Given the current tight shipping situation, it seems to be a necessary move. However, after the pandemic, is there really such an enormous demand for shipping in the market?