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Container spot rates surge across major trades

The Shanghai Containerized Freight Index (SCFI) rose 9.3% on Friday compared to the previous week, climbing 214.97 points to 2,520.76. This follows a significant jump…
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A truck carrying a China Shipping container in front of a stack of shipping containers

Container Shortage Crisis in Northern China

Freight forwarders are reporting a critical shortage of containers in northern China. This issue is exacerbated by a surprisingly robust market and diminished vessel capacity…
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A Truck with a stack of Shipping Containers

Navigating the Perils: Understanding and Mitigating the 16 Risks of Using Dry Containers for Shipping

In global commerce, dry containers (General Purposes and High Cubes with six walls) are crucial for transporting goods across oceans, continents, and borders. These uniform…
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Carriers seek alternatives due to Colombo Port’s capacity crunch

Terminal capacity pressure is mounting at Colombo port in Sri Lanka, leading to a spill-over effect on other ports in the subcontinent region. Adani Ennore…
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Customs introduces a tool to reduce delays in goods clearance and lower compliance costs for traders

Comptroller-General of Customs (CGC), Mr. Bashir Adeniyi, launched the Advance Ruling trading tool to cut compliance costs and create a business-friendly environment for traders. The…
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New trade routes highlight growing Asia-Mexico trade

A new sea route targeting Asia-to-Mexico trade from Cosco Shipping Lines began operating recently. Alongside Cosco, Mediterranean Shipping Co. and CMA CGM have also initiated…
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