Hapag-Lloyd increases GRI for Asia to Latin America routes, effective April 1. Rates: 500/TEU,1,000/FEU, covering South America, Mexico, Central America, and the Caribbean.
DP World and Maersk signed an 8-year deal to expand services at Santos Port, Brazil. DP World plans BRL 2 billion in investments, while Maersk adds new routes to boost logistics capabilities.
Cape Town Port faces severe congestion, prompting Maersk to skip the port and avoid 10-day delays. Shippers and forwarders should track shipments to minimize disruptions.
Sensitive goods, such as batteries, food, pharmaceuticals, and branded items, require special handling and documentation. Choose experienced logistics providers to ensure compliant and safe transportation.
Hapag-Lloyd raises FAK rates for Far East-Northern Europe routes effective April 1, 2025. Maersk and MSC also announce rate hikes, with geopolitical tensions potentially supporting rates amid seasonal demand.
Under FOB terms, sellers cover pre-shipment costs, with risk transferring to buyers after loading. Beware of port charges and unauthorized cargo release; consider CIF or CFR for safer transactions.
Wan Hai Lines reported 2024 revenue of NT 161.8 billion,up 61.447.42 billion. The company plans to convert 8 vessels to LNG dual-fuel and optimize routes for future growth.
Freight rates on major global routes have dropped over 40%, prompting shipping lines to cut capacity and delay new routes. Oversupply and cancellations may lead to further ship idling.
DHL plans to cut 8,000 jobs, its largest layoff in decades, to save �1 billion by 2027. The cuts target Germany’s mail and parcel division amid declining volumes and regulatory challenges.
SCFI rates fell for the 8th week, with U.S. West Coast rates dropping below $2,000/FEU, nearing cost levels. Route cancellations and weak demand pressure rates, but a seasonal recovery is expected in Q2.
