KCCI falls 1.6% as Busan export rates weaken
According to Japan International Freight Forwarders Association (JIFFA), the KOBC Container Composite Index (KCCI) dropped 1.6% to 1,909 points on Monday, Korea...
Freight News
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U.S. rail freight narrowly up as key commodity sinks
Carload and intermodal rail traffic in the U.S. was narrowly up for the week ending August 30.Freight volumes finished 0.9% better than the same week a year ago...
California vs. US showdown: two cases might head to same stage, and Federal Register notice posted
The growing battle between the federal government and various California trucking-focused environmental initiatives wrapped up a busy August with first, a legal...
Global container trade surges beyond forecasts
Global container trade defied expectations in 2024, with ports worldwide handling 937 million TEUs, significantly outpacing industry forecasts of 901 million TE...
Altrad workers on EnQuest platforms to be balloted on strike action
UK’s largest offshore trade union, Unite, is holding an industrial action ballot for Altrad workers on EnQuest-operated Magnus and Thistle Alpha platforms.The...
Wood to continue supporting Equinor’s Mariner assets
Consulting and engineering firm Wood has secured a three-year contract extension to provide operations, maintenance, modifications, and support services on Equi...
project44’s Movement and Disruption Navigator are transforming visibility
Project44 has emerged as a pivotal force in redefining supply chain management, an accomplishment that recently earned the company FreightWaves’ inaugural AI ...
FreightWaves opens 2025 Shipper of Choice award nominations
FreightWaves is proud to announce the opening of nominations for its annual Shipper of Choice awards, sponsored by Amazon Freight and Amazon Relay. This prestig...
Ocean rates unchanged even as freight volumes decline
Container rates on the benchmark trans-Pacific were essentially unchanged in the latest week as freight volumes fell on most major trade routes, testing carrier...
BW Offshore picked as preferred FPSO supplier for Equinor project in Canada
Floater specialist BW Offshore has signed a head of agreement with Equinor confirming its selection as the preferred bidder for the FPSO unit for the Bay du Nor...
Japan’s Big 6 Ports record growth in foreign-trade containers
Japan’s six major ports handled a combined 1.18 million TEUs of foreign-trade containers in June, a 3.5% increase year-on-year, marking the seventh consecutiv...
Eastern Pacific lines up another boxship spree at Chinese yards
Eastern Pacific Shipping (EPS) has expanded its presence in the containership newbuilding market with a fresh series of orders in China.Shipbuilding sources sai...