Maersk Growth invests in $17 million funding round of 7bridges
17 Jan 2022 6:05 PM ISTMaersk Growth, the venture arm of Danish carrier A.P. Moller-Maersk, announced an investment in 7bridges, an AI-powered logistics platform.
Container carriers order 550 ships in 2021, up nearly 400%; Maersk warns of tough times
12 Jan 2022 12:30 PM ISTNew building orders for container vessels increased 386 percent to 555 for the year to date (YTD) December 2021 compared to 114 in 2020 and 107 in...
Container turnaround time accelerates in Asia but congestion in US/Europe ports delay supply chain recovery
11 Jan 2022 7:26 AM ISTContainers are moving in and out of China at record speeds as shippers desperately source capacity but port congestion in Europe and the US continues...
New York Fed draws up new supply chain index but does it capture the real issues?
10 Jan 2022 8:26 AM ISTThe Global Supply Chain Pressure Index (GSCPI), a new barometer developed by the New York Federal Reserve, is an attempt to integrate commonly used...
MSC largest ocean carrier by operated vessel capacity
6 Jan 2022 1:19 PM ISTSome 52 years after its foundation in 1970, Mediterranean Shipping Company (MSC) overtook Maersk Group of Denmark as the world’s biggest container...
Maersk restricting access to freight forwarders draw FIATA ire; Maersk says difficult to meet demand
5 Jan 2022 6:50 PM ISTThe recent notices to users of freight services of A.P. Moller–Maersk Group and its integrated services restricting access in many economies through...
Container carriers’ profits now seen at $190 billion, Drewy says; another stock rally seen in 2022
24 Dec 2021 11:52 AM ISTGiven the supply chain logjams and rising threat of the Omicron virus, global shipping consultancy Drewry has once again upgraded its annual...
2022 to be another challenging year for container logistics industry
9 Dec 2021 12:49 PM ISTMajority of the global container logistics industry (75 percent) is rethinking strategy for 2022, according to a survey by Container xChange.
Liner schedule reliability improves marginally in Oct, DSV asks customers to plan for more
30 Nov 2021 12:38 PM ISTEven as global shipping lines reported nearly $80 billion earnings for the first three quarters of 2021, schedule reliability recorded only marginal...
CRISIL Freight Index moves up on broad recovery; demand to support freight rates
24 Nov 2021 5:35 PM ISTThe Crisil Freight Index (CRISFrex) moved up to 122 in October, almost near its all-time high of 123 in February 2021 on broad based recovery across...
Automation can address port congestion, the current headache
22 Nov 2021 12:09 PM ISTChallenges during port automation include resistance from the workforce, especially at the major ports, lack of skilled manpower, issues of...
Containers lost: small count but costs?
19 Nov 2021 3:04 PM ISTBad weather, bad stowage, improper supervision and handling, and most importantly undeclared dangerous goods cargo are some of the key reasons why...
