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 ...
BGL has had the honor of managing the shipment of a beautiful and rare Ferrari F40 from Thailand to the USA.Transporting this race car for the road was done via air and ocean freight. Being handled by the BGL team meant that this precious vehicle was being handled by the most capable of hands.Known for their expertise in automotive logistics, BGL arrang ...
Never has it been so cheap to inflict a world of economic pain.This stark reality was highlighted last week by Maximilian Hess, a principal at London-based Enmetena Advisory, a political risk consultancy. During a webinar for supply chain managers, Hess showcased a slide of a canoe-sized naval drone, emphasizing the potential of such jury-rigged weapons ...
Unprecedented Interest in Thailand’s Landmark Infrastructure ProjectThailand’s ambitious land bridge project, set to create a vital link between the Pacific and Indian oceans in the southern region of the country, has garnered significant interest from over 100 Thai and international companies, according to the Transport Ministry.Market Sounding Event H ...
