Recent escalations in Houthi attacks in the Red Sea region are set to impact global shipping operations, leading to a surge in shipping rates as carriers reroute vessels to avoid the high-risk zone. Shippers worldwide are likely to face challenges in terms of increased costs, potential delays and adjustments to their supply chain strategies. Rerouting … Continued
As tensions continue in the Middle East around the Israel-Hamas war, some international shipping carriers are levying war risk surcharges on several trade lanes traveling through the Red Sea and eastern Mediterranean. Last weekend, three commercial vessels were attacked with ballistic missiles fired by Yemen’s Houthi rebels indicating the wide scope of the war in … Continued
With inventory levels high in Europe and the US, coupled with uncertainty in consumer demand, ocean carriers have canceled 100 sailings over the next five weeks. According to Drewry, a maritime research and consulting service that provides weekly snapshots of blank sailings, the major ocean alliances have canceled sailings across major routes between Asia, North … Continued
As the year ends, the expansion of the Worldwide Logistics Group network continues with the opening of Worldwide Logistics Group – Malaysia. The Malaysia office is strategically located in Selangor next to KESAS Highway which directly links to both Port Kelang Seaport and Kuala Lumpur International Airport (KLIA). An estimated 11,000 ships arrive in Port … Continued
This week, Joe Monaghan, CEO and president of Worldwide Logistics Group (WWL), appeared as a special guest on FreightWaves’ What the Truck?!? podcast, an award-winning series breaking down the biggest stories in transportation and logistics. Monaghan offered his views on market trends in ocean freight, air freight, physical distribution and sourcing. He also discussed growth … Continued
There’s a movement afoot to tighten the proposed Ocean Shipping Reform Act that limits when detention and demurrage charges can be levied and to put even tighter pricing controls in place. A group of roughly 79 intermodal carriers, importers, and exporters in California are lobbying for tightening the law that limits when demurrage charges can … Continued
Worldwide Logistics Group is proud to announce a new branch office located in Nairobi, Kenya. This is the logistics company’s second office to open in Africa. Last week, they announced the opening of their first ever African branch located on the west coast in Accra, Ghana. Because of the strategic, coastal location of the Kenya … Continued
At least for now, the ports of Los Angeles and Long Beach will hold off their proposed “emergency storage fee” imposed on ocean carriers who leave cargo too long at their terminals. The fee was to be assessed Monday, but officials announced they will delay consideration of the fee until November 22, citing cooperation among … Continued
The combination of the Golden Week holiday in China coupled with the impact of power restrictions on industrial output resulted in some relaxation of the space situation in the month of October. Industry-wide, there was more space available in October than what had been typically available in previous months. This phenomenon put some downwind pressure … Continued
On September 1st, Worldwide Logistics will be introducing a 2% advance fee with a minimum $50 per transaction in order to cover any advances made on behalf of our clients. These advances made on behalf of clients include items such as demurrage, per diem, storage, prepull, rail detention and other related charges that have become … Continued
