Day: July 22, 2024

Europe’s two biggest ports, Rotterdam and Antwerp-Bruges, saw increased freight volumes in the first half of 2024. Rotterdam handled 6.8 million TEUs, up 2.2% from last year, while Antwerp-Bruges handled 6.6 million TEUs, a 4.1% increase year-over-year. Rotterdam Port Authority CEO Boudewijn Siemons attributed the port’s growth to higher demand for consumer goods and an

The intra-Asia shipping market is experiencing a vessel shortage with smaller container ships being reassigned to more profitable long-haul routes. Consequently, it has increased freight rates significantly. Data from the Shanghai Containerized Freight Index shows that Shanghai-Southeast Asia rates have increased from $756 per TEU on July 12. According to the Korea Ocean Business Corp’s

Meteorologists say climate patterns associated with La Niña could come about as early as next month. This will affect global shipping and trade patterns into early 2025. Forecasts predict a 70% chance it will start between August and October, with a 79% probability to last into early 2025. La Niña is characterized by the cooling