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Asia-US container rates fall further; trend expected to continue post-ILA strike

Rates for shipping containers from east Asia and China to the US continued to fall after a lengthy strike was averted at US Gulf and East Coast ports and as peak season volumes have largely been pulled forward. The International Longshoremen’s Association (ILA) strike...
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Auctane Introduces FedEx Platform Account Program to Offer FedEx Shipping Services to Millions of Businesses

Auctane Introduces FedEx Platform Account Program to Offer FedEx Shipping Services to Millions of Businesses
Auctane, a leading global company that delivers exceptional shipping and mailing experiences through trusted brands like ShipStation, Stamps.com, ShipEngine and others, today announced an agreement with FedEx that will extend discounted FedEx shipping rates to...
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DHL Express named #1 Best Company to Work for in Europe for the fourth year in a row

DHL Express named #1 Best Company to Work for in Europe for the fourth year in a row
DHL Express has been named the best company to work for in Europe according to the Great Place to Work and Fortune 100 Best Companies to Work For in Europe 2024™ list. This sustained achievement is recognition of DHL Express’ unwavering commitment to ensuring...
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PT Oiltanking Karimun Terminal name changed to PT Oil Terminal Karimun

PT Oiltanking Karimun Terminal, Indonesia, which is a Platts-approved terminal in the Singapore Market On Close assessment process, has changed its name to PT Oil Terminal Karimun. The name change came into effect after a change in equity shareholding, when Oiltanking...
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DRY BULK QUARTERLY: Tonnage oversupply, tepid demand stall Atlantic Panamax market

The Platts KMAX 9 Index, which tracks the earnings of Kamsarmax class bulk carriers, collapsed to below previous years’ levels in the third quarter, driven by the perpetually overtonnaged Atlantic basin and a summer-induced slump in demand for dry bulk...
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Asian refiners expect slower oil price decline as Middle East tensions aid hedging, stockpile valuations

Asian refiners expect slower oil price decline as Middle East tensions aid hedging, stockpile valuations
Asian refiners generally expect oil prices to continue their downtrend for the remainder of the year; however, geopolitical tensions in the Middle East could slow the pace of decline, enabling them to better manage their price hedging positions and protect their...
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