Freight Rates Could Further Decrease
Freight Rates Could Further Decrease
Phaata | 28-04-2024

The Red Sea crisis has pushed sea freight rates sharply higher recently, however, rates are currently showing a downward trend. Business Forum Magazine has conducted an exchange with Mr. Nguyen Hoai Chung, Founder and CEO of Phaata, regarding this trend.

SITC updates Vietnam-Intra Asia sailing schedules in May 2024

Phaata | 26-04-2024

SITC schedule for routes from Ho Chi Minh to Intra-Asia countries such as China, Japan, Malaysia, Bangladesh, Korea,... in May/2024 (Download excel file).

Sea-Intelligence: Number of blank sailings decreases sharply

Phaata | 19-04-2024

The number of blank sailings on the Asia-North Europe, Asia-North America East Coast and Asia-Mediterranean routes has dropped sharply in recent weeks.

Hapag-Lloyd aims to consolidate its position in the top 5 container lines

Phaata | 22-04-2024

When setting out its 2030 strategy, Hapag-Lloyd Shipping Line plans to continue investing in its core business of container transportation as well as developing its port portfolio.


International shipping and logistics market - Week 15/2022

Phaata | 16-04-2022

International logistics and container shipping market on Asia, Europe and North America routes in the week of 15/2022.

Japan's ports will be closed on April 17 due to strike

Phaata | 15-04-2022

Port workers in Japan plan to go on strike for a day on Sunday, April 17 to demand a pay increase.

IPPG contributes capital to establish a new logistics company: Bellazio Logistics

Phaata | 14-04-2022

The luxury retail group in Vietnam IPPG has cooperated with other companies to establish Bellazio Logistics, to support for IPP Air Cargo to enter the aviation market more conveniently.

Ningbo port on 'yellow alert' after new Covid-19 outbreak

Phaata | 13-04-2022

The port of Ningbo is currently on "yellow alert" after a number of Covid-19 infections were detected.

European Union's ports ban Russian ships

Phaata | 12-04-2022

The European Commission (EC) announced that Russian ships and ships operated by Russia are prohibited from accessing European Union (EU) ports.

2M Alliance restores Felixstowe port call on AE7 service

Phaata | 09-04-2022

Maersk Line and MSC will restore the Felixstowe call on the AE7/Condor service, connecting Far East Asia with Northern Europe from week 14.

CMA CGM acquires nearly 100% of Russian-owned logistics company GEFCO

Phaata | 08-04-2022

CMA CGM has acquired almost 100% of GEFCO, an automotive logistics company whose future became uncertain after Russia's attack on Ukraine.

Global container capacity dropped by 11.6% in February due to vessel delays

Phaata | 06-04-2022

The Sea-Intelligence report showed that global fleet capacity fell by 11.6% in February due to vessel delays.

Geodis acquires Keppel Logistics to accelerate growth in Asia

Phaata | 05-04-2022

Geodis has signed an agreement to acquire Keppel Logistics to boost the provision of 3PL logistics and order fulfillment services for e-commerce in Singapore and Southeast Asia.


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