In an industry increasingly driven by technology, Shipco Transport is firmly standing by its people-first philosophy. “For Shipco, our motto is ‘Freight is a people business’”, states Group CEO, Christian Mogelvang. “A people-first approach is key to how we operate.” As an NVOCC, Shipco is an asset-light organization by design, explains Global COO – Commercial,
Choosing to grow organically is a strategic choice rooted in the understanding of what truly matters to our clients and our organization, says Christian Mogelvang, Shipco’s Group CEO. He describes how the organization’s commitment to being a reliable partner aligns with a prioritization of high service standards and a forward-thinking mindset. “At Shipco, we are deliberately
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
According to Linerlytica, freight rates may have peaked and are leveling off. The company said new shipping capacity into the U.S. West Coast, North Europe, South America, and the Middle East has reduced pressures on these routes. Meanwhile, Linerlytica projects freight rates will stay high until the peak season ends in September. According to Linerlytica,
Independent container shipping services are gaining more market share on major East-West routes. Over the next three months, about a third of Trans-Pacific trade services offered will be outside of vessel-sharing agreements (VSAs), Sea-Intelligence said. Alan Murphy, Sea-Intelligence’s CEO, said that on the Asia-North America West Coast trade lane, nearly 30% of shipping capacity will
Adding UK port stops on Asia-Europe trade routes might help shipping lines avoid high EU carbon taxes. Lars Jensen, CEO at Vespucci Maritime, noted that adding the UK as a port of call before or after entering the European Union (EU) has carriers paying less ETS carbon tax. Under the Emissions Trading System (ETS) rules,
Independent container shipping services are gaining more market share on major East-West routes. Over the next three months, about a third of Trans-Pacific trade services offered will be outside of vessel-sharing agreements (VSAs), Sea-Intelligence said. Alan Murphy, Sea-Intelligence’s CEO, said that on the Asia-North America West Coast trade lane, nearly 30% of shipping capacity will
With freight costs rising due to supply chain volatility, managing freight spend is a key concern for shippers and forwarders, according to a Xeneta poll. In the company’s mid-year update, CEO Patrik Berglund described the volatility in 2024, pointing out an initial spike in spot rates on key Far East trades at the beginning of
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