Picture this scenario: upon reaching your port of discharge, you realise the container you have to unload has been stowed incorrectly. As luck (rather Murphy’s law) would have it, it happens to be it at the very bottom of the stack. You end up moving hundreds of containers to get to the one that is
1. Why there is more shipping activity? The increase in Arctic shipping is made possible by the year‑on‑year reduction in sea ice, which is opening up potential alternative routes for global trade. Average Arctic sea ice extent for April 2022 was 14.06 million square kilometres. This was 630,000 square kilometers below the 1981 to 2010
According to the study ‘The European Road Freight Rate Development Benchmark’ published by the World Transport Organization (IRU) with Upply and Transport Intelligence consultancies, the transport cost rate is at an all time high. It is 7.5% higher when compared to the situation a year ago and has been on the rise for four consecutive
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