A major strike that threatened to disrupt India’s ports and further strain the global supply chain was averted on Tuesday after workers and unions agreed to a new five-year contract. The strike, which was set to involve nearly 20,000 workers across India’s largest ports, had been scheduled to begin on Wednesday.The workers' unions, which had initially p ...
The global airfreight industry recently faced a significant challenge due to the CrowdStrike Windows outage on July 19, which caused thousands of flight cancellations at a time of surging demand. However, new data from Xeneta shows that airfreight operations bounced back remarkably fast, returning to normal levels just nine days after the disruption.Wen ...
In a recent announcement, A.P. Moller-Maersk A/S cautioned that severe weather conditions and a storm surge battering the South African coast are likely to cause significant shipping delays.The South African Weather Service reports that an intense cold front has brought snow to certain regions of the country, resulting in damaging coastal winds, heavy r ...
Inflation may be easing across the developed world, but there's one glaring exception: the soaring costs of cargo shipping on the high seas.Spot rates for full-size shipping containers to the U.S. and Europe from Asia have risen again, according to the latest Drewry World Container Index released on June 13. The rates for three key routes have all toppe ...
Surging Demand and Rising RatesDemand and rates for airfreight transportation are soaring through the typically quiet summer season. This unexpected surge is driven by the relentless growth of e-commerce from China and shippers pulling forward orders for the winter holidays to avoid rising costs, capacity shortages, and ocean shipping delays.Air cargo v ...
Commercial shipping traffic through the Port of Baltimore is set to return to normal levels, following the channel's full reopening earlier this week after the collapse of the Francis Scott Key Bridge.“They are back open for business, ready to bring in the largest containerships that call there,” announced U.S. Coast Guard Rear Admiral Shannon Gilreath ...
