The ocean freight shipping industry is currently experiencing a profound upsurge in rates. For the first time since the lockdowns of 2020, container shipping rates are nearing record highs, driven by a confluence of factors. These include limited container supply due to rerouting around the Red Sea, robust demand across multiple regions, and significant operational…
The Cooperative blog
Tag: sea freight updates
The Extension of Ocean Alliance and How It will Benefit the Ocean Freight Industry
The Ocean Alliance, the largest ocean freight shipping alliance comprising leading carriers, has extended its agreement by five years, reinforcing its commitment to partnership and collaboration. On February 27th, the CEOs of carriers like COSCO Shipping, OOCL, CMA CGM, and Evergreen met in Shanghai to sign a MOU agreeing to extend the OCEAN Alliance until…