The latest data released by Xeneta indicates a peak may have been reached after spot rates from the Far East into the US declined slightly since the last round of General Rate Increases (GRIs) were implemented at the start of February The Red Sea crisis sent ocean freight rates from[Read More…]
Supply chain
Netherlands’ WEC Lines enters refrigerated container market
The new 45ft refrigerated containers are all equipped with a state-of-the-art (electric) cooling system to maintain precise temperature control within a range from -30ºC to +30ºC Dutch shipping company WEC Lines is entering the refrigerated container market by adding the first batch of 50 brand new 45ft High-Cube Pallet-Wide refrigerated[Read More…]
Phillippines National Food Hub to stimulate food and agro-industrial corridor
The hub is positioned as the country’s premium wholesale market and distribution hub for high-value and top-quality food products The PHP8.5-billion National Food Hub at the Clark Airport Complex is expected to stimulate the food and agro-industrial corridor in the northern part of Luzon, Alfredo Pascual, Secretary, of the Philippines[Read More…]
Suez Canal Authority and MSC Group discuss developments and situation in Red Sea
The meeting was aimed at discussing ways of cooperation and reviewing the navigation policies of MSC in the Suez Canal The Chairman of the Suez Canal Authority, Admiral Ossama Rabiee, held a video conference meeting with Soren Toft, the CEO of the MSC Group, along with Tarek Fahmy, the Chairman[Read More…]
Seafood Task Force announces addition of new members
Recently, 17 companies from India, Indonesia, and Vietnam joined the trade association’s 30 existing seafood industry members at a summit in Bangkok The Seafood Task Force, a trade association representing members of global tuna and Thai shrimp supply chains, is expanding its activities across the Asia Pacific. Founded in 2014,[Read More…]
Red Sea shipping crisis to affect global food prices: UNCTAD
Disruptions in grain shipments from Europe, Russia, and Ukraine pose risks to global food security, affecting consumers and lowering prices paid to producers The United Nations Conference on Trade and Development (UNCTAD) has expressed profound concerns over the escalating disruptions in global trade, particularly stemming geopolitical tensions affecting shipping in[Read More…]
Vietnam’s fruit and vegetable exports reach record high up by 69% in 2023
According to the Plant Protection Department, in addition to the main vegetable and fruit products currently exported to China, including sweet potatoes, dragon fruit, lychee, longan, mango, jackfruit, watermelon, banana, rambutan, passion fruit, and durian Vietnam’s export turnover in 2023 of vegetables and fruits reached a record high of $5.69[Read More…]
Novelis signs agreement with Ardagh Metal for aluminium beverage can sheet
This new contract is the third major one that Novelis has signed in less than seven months for the beverage packaging market in North America Novelis Inc., a leading sustainable aluminium solutions provider and the world leader in aluminium rolling and recycling, announced that it has signed a new contract with[Read More…]
SpartanNash implements new food traceability program
SpartanNash now enables the real-time exchange of food traceability data across its suppliers, distribution centres, company stores and independent grocery customers Food solutions company SpartanNash announced the launch of the ReposiTrak Traceability Network®, a food traceability program that advances efforts to create a safer, more transparent supply chain. Now, hundreds of the[Read More…]
Korean kimchi exports hit record-high up by 7% in 2023
An agricultural ministry official stated that kimchi exports experienced a significant surge, primarily because of the increased popularity of K-content South Korea set a new record for kimchi exports in 2023. This increase can be attributed to the rising popularity of Korean entertainment content worldwide. According to data from the[Read More…]
