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Ocean Freight Market Update
More liner disruption caused by the Suez blockage has pushed freight rates upwards again with the SCFI reaching a new historical high on 23 April. Carriers have effectively increased capacity on the major East West trades.
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What is driving the recent surge in shipping costs?
Since the second half of 2020, global freight shipping costs have been on a steady recovery path from the lows reached in the midst of the pandemic. They appear to have peaked recently. Two factors are associated with the increase in shipping costs.
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Mobile Coverage and Deployments in Ports
The digitalisation of ports will allow them to operate more autonomously and efficiently. 5G will be the catalyst for such innovation, but the current priorities of mobile operators – for understandable reasons – do not readily lend themselves to providing coverage at ports or developments would be more advanced than they currently are.
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Decarbonising European Shipping
The authors show that deploying enough e-fuels to account for 7% of shipping fuel by 2030 would put EU shipping on track to decarbonise by mid-century.
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PORTS AND TERMINAL
Strongest April ever at Port of Long Beach
An ongoing cargo boom largely driven by online purchases lifted the Port of Long Beach to its strongest April on...
Container Throughput Index: lockdown dampens container handling in Europe
According to the latest flash estimate, the Container Throughput Index of RWI - Leibniz Institute for Economic Research and the...
Strong Consumer Demand Drives March Volume to All-time High
Activity at the Port of New York and New Jersey showed resilience in consumer demand and the global supply chain...
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SHIPPING TRENDS
Strongest April ever at Port of Long Beach
May 13, 2021
Europe to North America rates jump by 33%
May 13, 2021
SHIPPING TRENDS
Strongest April ever at Port of Long Beach
May 13, 2021
Europe to North America rates jump by 33%
May 13, 2021
Port of LA: Strong Start to 2021
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