China appears to be gradually easing its lockdown of Shanghai, but that won’t bring immediate relief to global supply-chain congestion, according to a major shipping company.
Shortages of rail, port and trucking workers in China and the US need to get resolved quicker than is currently happening as they are delaying ships at the world’s major ports, said Jeremy Nixon, chief executive officer of Ocean Network Express Pte (ONE).
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Oaktree representative steps down from Hafnia's board
A representative of private equity firm Oaktree is leaving the board of Hafnia.
Container spot index 16% lower than a year ago
Spot rates are declining – 3% in the last week alone – and Drewry predicts further decreases in prices on the container market are to come.
Refinancing of Borr Drilling requires new equity injection
Refinancing of Borr Drilling requires an additional equity injection and loan extensions. The embattled drilling firm hopes to land an overall financing solution later in July.
Clipper turns loss into profit in Danish company – "sensible progress" within dry bulk
Clipper’s Danish company Clipper Group, which includes RoRo carrier Seatruck Ferries, has turned red figures into the biggest profit in five years. The large dry bulk business, which Clipper does not disclose any numbers for, has progressed the last year and a half, says top exec.
CMA CGM to lower freight rates – but only for domestic customers
The world’s third largest container carrier responds to the French Ministry of Finance’s call by lowering container rates by approximately 10% for French retail chains, writes Reuters.
Experienced Bunker Trader - Dubai 
Assistant Operations Manager 
Senior Sales Manager 
Senior Legal Counsel with a focus on Offshore Renewables 
Crewing officer 
Head of Vessel Operations 
Head of Airfreight 
Safety Leadership & Transformation Manager 
Technical Security Manager