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Enterprise shippers have always been an integral part of the maritime shipping industry and its partnership with truck fleet management. And likewise, maritime transportation has been a dominant player in global transportation for decades. Take a look at 8 shipping challenges in the maritime, or ocean, mode.
H aving access to real-time freight data and being able to make good use of it is essential for global trade and maritime shipping. The better global retailers and BCOs understand market conditions through smart data analysis, the easier they will secure on-time drayage moves or deliveries. Request a SONAR Demo.
Judah Levine December 6, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) were level at $1,620/FEU. Asia-US East Coast prices (FBX03 Weekly) were also level at $2,367/FEU.
According to Vespucci Maritime, the port handled 1.1 Europe – N. America weekly prices fell 4% to $2.06/kg. million TEU in 2023, which would place it outside the top ten largest N. American container ports, and would represent less than 5% of total US ocean imports last year.
Judah Levine February 28, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 2% to $4,809/FEU. Asia-US East Coast prices (FBX03 Weekly) fell 1% to $6,709/FEU.
According to Maritime Executive , “Eight international carriers split into three different alliances control 80% of the market today. Lower attrition rates with data collection and analysis across all movements Carrier profitability attrition rates are often the result of highly profitable loads subsidizing lower profit activities.
Hapag-Lloyd recently announced the demo of e-bill of ladings that have been used in recent months. Factors such as congestion at the ports, increased demurrage and detention costs due to waiting for bills of lading, and covid 19 have forced shipping companies to find new methods.
Analysis Ocean container rates out of Asia continued to fall last week, slipping beneath 2024 lows on a combination of a post-Lunar New Year lull in demand, impacts from the new carrier alliance services still moving into place, and capacity growth. America weekly prices increased 10% to $5.06/kg. China – N. Europe – N.
Analysis Its been another headspining week in Trumps second trade war replete with more escalations, u-turns and confusion and uncertainty for shippers. Air rates – Freightos Air index China – N. America weekly prices fell 1% to $5.43/kg. China – N. Europe weekly prices fell 1% to $3.75/kg. Europe – N.
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