Blog
-
AliExpress and Temu Dominate Korean E-Commerce Growth Chart
AliExpress and Temu Dominate Korean E-Commerce Growth Chart In a dynamic year for the South Korean e-commerce landscape, AliExpress and Temu emerged as the frontrunners, securing the first and second positions in new user additions, according to a recent survey. Growth Rankings: AliExpress led ...Read more -
Malaysia Imposes Comprehensive Ban on Israeli Vessels, Blacklists ZIM
Malaysia Imposes Comprehensive Ban on Israeli Vessels, Blacklists ZIM In a bold geopolitical move, the Malaysian government has declared an immediate ban on vessels associated with Israel, including those flying the Israeli flag, from docking at Malaysian ports. Notably, this ban extends to a per...Read more -
Red Sea Tensions Prompt Shipping Giants to Reroute, Fueling Freight Rate Surge
Red Sea Tensions Prompt Shipping Giants to Reroute, Fueling Freight Rate Surge Amid the escalating tensions in the Red Sea, the maritime industry faces a prolonged period of uncertainty, with multiple shipping companies opting to reroute their vessels around the Cape of Good Hope. This strategic ...Read more -
Red Sea Navigation Disruption: Impacts on Sellers and Logistics Landscape
Red Sea Navigation Disruption: Impacts on Sellers and Logistics Landscape In a significant turn of events, the recent attack on the cargo ship “Jasra” near the Mandeb Strait in the Red Sea on December 15 has sent shockwaves through the maritime industry, directly affecting cross-borde...Read more -
Navigating Change: Hapag-Lloyd’s 2024 FAK Rate Adjustments
Navigating Change: Hapag-Lloyd’s 2024 FAK Rate Adjustments In a strategic move to adapt to the evolving dynamics of global shipping, Hapag-Lloyd has unveiled plans to implement updated Freight All Kinds (FAK) rate standards, effective January 1, 2024. FAK Rate Increase -Asia to Northern Eu...Read more -
Panama Canal Boosts Daily Transit Capacity – Enhancing Global Logistics Flow
Panama Canal Boosts Daily Transit Capacity – Enhancing Global Logistics Flow In a strategic move, the Panama Canal Authority has announced an increase in the daily transit limit for vessels, effective January 16, 2024. This decision comes as a positive shift from the previous plans of gradu...Read more -
MSC Announces Substantial Rate Increase on Key Shipping Routes Starting January 1, 2024
MSC Announces Substantial Rate Increase on Key Shipping Routes Starting January 1, 2024 In a proactive move, maritime shipping giant MSC has declared a significant rate increase set to take effect on January 1, 2024. The Freight All Kinds (FAK) rates for critical routes will experience a notable ...Read more -
Ongoing Tensions in Red Sea Impact Shipping Routes: OBD Logistics Navigates Challenges
Ongoing Tensions in Red Sea Impact Shipping Routes: OBD Logistics Navigates Challenges In the midst of escalating tensions in the Red Sea, the Suez Canal Authority in Egypt has reported significant disruptions to maritime traffic due to recent Houthi rebel attacks near Yemen. Since November 19, a...Read more -
MSC Announces Acquisition Move in Container Terminal Sector
MSC Announces Acquisition Move in Container Terminal Sector MSC, through its port company Terminal Investment Limited (TIL), is set to acquire a significant 49% stake in the Adani Ennore Container Terminal, valued at around $30 million. The transaction, expected to be ...Read more -
Major Players Suspend Red Sea Bookings, Impacting Logistics Worldwide
Rising Customs Inspection Rates Impacting Global Trade: Delays and Challenges The recent surge in customs inspection rates across Europe and the United States has caught many businesses off guard, leading to unexpected delays and increased costs. With the opening of sev...Read more -
Rising Customs Inspection Rates Impacting Global Trade: Delays and Challenges
Rising Customs Inspection Rates Impacting Global Trade: Delays and Challenges The recent surge in customs inspection rates across Europe and the United States has caught many businesses off guard, leading to unexpected delays and increased costs. With the opening of sev...Read more -
Yellow Trucking Company Explores Alternative Financing Amid Bankruptcy
Yellow Trucking Company Explores Alternative Financing Amid Bankruptcy Yellow Seeks Alternative Loan Solutions Amidst Loan Delay Delaware, August 9, 2023 — Yellow, the trucking company facing bankruptcy, has announced a strategic shift in its financing plans. Instead of pursuing the originally pl...Read more