Freight Rates Sky-High Not Likely End Soon

The frenetic levels of containerized cargo movement that have driven freight rates sky-high will not likely end soon, according to a top Maersk executive. The leading ocean carriers are even planning to maintain a high level of capacity through the Chinese New Year – the low-traffic season that usually prompts a raft of blanked sailings, says an article published in The Maritime Executive.

Sailings Are Blanked

Ocean carrier tracking firm eeSea recently told the Loadstar that on all of the major...

https://mfame.guru/freight-rates-sky-high-not-likely-end-soon/

Westwood Shipping Lines Appoint Their New CEO

US conbulk shipping operator Westwood Shipping Lines has appointed Jack Mahoney as the new president and CEO of the company, reports Marine Link.

He will be replacing Guy Stephenson who is retiring after 13 years in the role.

VP of Automotive supply chain

Mahoney spent 21 years working for AP Moller Maersk with his roles including the president of Maersk Line Canada, and more recently vice president of the group’s automotive supply chain and ocean services in North America.

Mahoney will officially...

https://mfame.guru/westwood-shipping-lines-appoint-their-new-ceo/

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