4 Trends for 3PLs in 2022
Order volumes grew for 79% of third-party logistics (3PL) providers in 2021, but that growth was tempered by inventory availability and disruptions that cost the U.S. economy $228 billion, says a report from 3PL Central. Disruptions, technology innovations, and consumer demands
Air cargo rates to stay high as challenges remain
Strong air cargo rates are set to continue but capacity and ground handling challenges will continue. This was the takeaway from the World Cargo Summit’s Air Cargo Market Update & Outlook, which focused on the market outlook for 2022 and beyond,
Outlook 2022: Another challenging year for air cargo
With 2022 off to a busy start, Air Cargo News caught up with a range of companies to find out what their expectations are for the coming 11 months. Damian Brett reports. Around September last year, the air cargo industry was
How a Russian-Ukraine Conflict Might Hit Global Markets
A potential invasion of Ukraine by neighboring Russia would be felt across a number of markets, from wheat and energy prices and the region's sovereign dollar bonds to safe have assets. Below are four charts showing where a potential escalation of
More Shuttle Tankers Needed, Rystad Says
More shuttle tankers will be needed in the years ahead to keep pace with a projected rise in oil volumes needing transport, Rystad Energy said. Produced volumes requiring transport key shuttle tanker markets Brazil, Canada, Norway, the U.K. and Russia are
Dry Bulk: Capesize Rates Hit Lowest in Seven Months
The Baltic Exchange's dry bulk sea freight index declined on Wednesday, pressured by lower rates across the capesize vessel segment, recording its lowest level since June. The overall index, which factors in rates for capesize, panamax and supramax vessels, lost 65
White House Lauds Easing of Supply Chain Clogs, Cites Shipping Competition Concerns
The White House on Wednesday lauded improvements in clogged U.S. supply chains, with more goods moving than ever before, but said more work was needed to ensure fair competition in a global shipping sector dominated by three alliances of ocean
Efficiency optimisation tool
Vessel Performance Solutions’ Vesper efficiency optimisation tool is now available on Kongsberg Digital’s Kognifai Marketplace. Vesper is a tool developed by Vessel Performance Solutions (VPS) for optimizing operational efficiency through advanced modelling and analytics. Vesper supports current environmental reporting such as
South Korea container ports report Q1 volumes up
The volume of container cargo processed at South Korea’s seaports rose 1.3 percent on-year in the first quarter of 2021, according to the country’s Ministry of Oceans. Container cargo processed at the seaports reached 7.29 million twenty-foot-equivalent units (TEUs) in the
