Retail giants Walmart, Target, and Shein launched early back-to-school sales to counter Amazon.com’s Prime Day event, advancing the peak ocean shipping season by two months and driving up already-high freight rates. Retailers represent roughly half of U.S. container import volumes, while the ocean shipping industry handles...
Global News: Expansion of Global Container Fleet: The global container fleet has grown by 2.8 million teu in the past year, with most of the new capacity added to the Asia-Europe route. "While the fleet growth between Asia, the Indian Subcontinent, and Europe was expected due to the...
Global demand for ocean freight container shipping reached an unprecedented peak in May, as indicated by data from Xeneta and Container Trades Statistics. The month saw the transport of 15.94 million TEUs, surpassing the previous record of 15.72 million TEUs set in May 2021. Year-to-date...
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