Archive

Tag: Sea Freight

Hapag-Lloyd rocks already hard-hit transpac shippers with a $3,000 GRI

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 –…

Egypt details plans to widen and deepen the southern part of the Suez Canal

Egypt has this week announced plans to widen and deepen the southern part of the Suez Canal where the Ever Given containership ran aground blocking the waterway for six days in March. The head of the Suez Canal Authority, Osama Rabie, detailed plans in…

Triple-whammy on the transatlantic drives rates even higher

The triple challenge of soaring demand, port congestion and container shortages have led to a sharp increase in container freight fates on the transatlantic trade over the past few weeks. The smallest of the main east-west shipping trades has traditionally…