Global Container Congestion at all Sea Ports
Global Container Congestion is currently impeding supply chains around the world. Data reveals that 10% of the world’s mainliner shipping capacity has been taken out due to global port congestion. The ratio between in port and waiting time has eroded. Hong Kong, for example, has a high waiting ratio, while in North America, Savannah, Oakland, Seattle and Vancouver are experiencing...
Ever Given – General Average
As the investigation into the grounding of the Ever Given in the Suez Canal begins, the vessel’s Japanese owner, Shoe Kisen, this morning declared General Average. The vessel is now at anchor at the Bitter Lakes (Egypt) area undergoing technical inspections, a possible date of departure to ports of discharge has yet to be set. And while there is no...
Speedmark Air Transportation Pte. Ltd. granted 2020 Excellence Award
CONGRATULATIONS to Speedmark Air Transportation Pte. Ltd. for being granted the Excellence Award (Air Freight Forwarder) for the Year 2020 by the Changi Airport Group! This is an inaugural award given to companies who have demonstrated resilience, strength and empathy during the Year of 2020 when the world was hit with the COVID-19 Pandemic. A panel of judges selected companies...
Global Cargo Bottleneck expected into 2022
A global cargo bottleneck on the world’s roads, seas and air corridors could easily extend into next year, continuing to increase shipping costs, according to analysts. The global air-freight and ocean markets have undergone tremendous turbulence since late 2019. This has promised to be a windfall for truckers, airlines and maritime shipping lines. Retailers, manufacturers and anyone else who pays...