The positive impact of COVID-19 on the Baltic Clean Tanker Index has been recognized in the long term in the high quantiles. These findings support the theoretical model which states that the spread of COVID-19 and the shipping freights are closely related. The results suggest that the ...
When the Ever Given megaship blocked traffic in the Suez Canal for almost a week in March, it triggered a new surge in container spot freight rates, which had finally started to settle from the all-time highs reached during the COVID-19 pandemic. Shipping rates are a major component of t...
Prices have been rising across the freight sector, including in parcel delivery, trucking, ocean shipping and warehousing. Most freight transportation contracts are negotiated annually, although many large shippers may have multi-year agreements with a variety of carriers. “I think folks are a little...
Henry Song, general manager of Business Development & Ocean at Freight Procurement of Cargo Services China, said that the domestic supply chain transportation in the U.S. is still seeing hold-ups due to the COVID-19 pandemic. "There is a lack of cargo trucks and cargo truck dri...
In 2020, the number of passengers on international ro-pax ferries collapsed due to the pandemic caused by the Covid-19 virus and subsequent travel restrictions. At the same time, both the International Maritime Organisation and the European Union are set
Expedited freight works by streamlining sea freight processes and by only tying in with the faster sea services and premium trucking services. This makes expedited freight a great option when shipping from China.More on Shipping Modes from China to the US...
1. The COVID-19 pandemic broke out and affected the world. After the coronavirus spread all over the world since the beginning of 2020, many countries had to take measures and restrictions. With the initiation of these measures, economic activities were restricted and this affected the work ...
Ocean freight rates stable A number of container lines have received substantial state financial assistance. Yet, considering vessel supply outmatched demand even before the spread of Covid-19, freight rates have remained relatively stable. This despite carriers seeing a 20 to 25 percent drop in lif...
Road Freight Air Freight Covid-19 products Express Delivery Customs Brokerage (Import & Export) Project Cargo (OOG) China Railway Express Dangerous Cargo (Especially Battery) Warehousing & Consolidation Door to Door Multimo...
We’re all in this fight against coronavirus together, doing our part as we social distance and stay home or go out and operate essential businesses. Doing those things are very important in the fight against COVID-19. Many look for additional ways they can help in the fight. Simple things...