E-commerce shipping logistics company ShipStation released a national consumer study detailing consumer buying tendencies and the impact of delivery fulfillment on brand perception. The COVID-19 pandemic has largely been a positive for e-commerce companies, as people turned to buying online when cities shut down to tackle the virus spread.
The report specifies that North American consumers increased shopping by 33% over the course of this year, with nearly two-thirds mentioning that most of...
In a major development, tanker rates to ship oil in very large crude carriers (VLCCs) are surging as oil traders hunt for ships to store cheap oil in as they take advantage of a 25 percent plunge in prices on Monday amid a price war between top oil producers Saudi Arabia and Russia, says an article published in Money Control
25% Increase in Shipping Rates?Shipping rates from the Middle East to Asia, for instance, have risen by more than 25 percent since last Friday, while several traders are...
http://mfame.guru/tanker-rates-increased-by-25-as-floating-storage-demand-surge/
SINGAPORE (Reuters) – Freight rates for dry-bulk and container ships, carriers of most of the world’s raw materials and finished goods, have plunged over the last six months in the latest sign the global economy is slowing significantly.
”Signs that the U.S. and China remain well apart in trade talks continued to weigh on sentiment in commodity markets,” ANZ bank said in a note on Friday, Jan. 25.
As a measure of the demand for shipping manufactured goods from producers to consumers, container...
http://container-news.com/global-economy-shipping-rates-slump/
Union Shipping Secretary Gopal Krishna on Tuesday (Oct. 30) said relaxation of cabotage for foreign-registered vessels has helped reduce coastal shipping rates and Indian seaports like Krishnapatnam and Visakhapatnam are attracting a share of cargo which was previously transshipped at Singapore or Colombo.
The Centre relaxed cabotage for foreign registered vessels in May. It allowed foreign liners to pick up cargo en-route. Shipping Line Maersk has already opened coastal links between Kolkata-...
http://container-news.com/relaxation-cabotage-boosts-indian-ports/