Vancouver’s $100 billion port expansion looms

Dana Hare News

After a turbulent year including weeks of labour disputes, there’s good news coming out of the port of Vancouver. Recently ranked second-last in efficiency out of 348 container ports worldwide, Vancouver has an ambitious plan to increase port capacity by 50% by 2030. A variety of infrastructure improvements will contribute to increased capacity and efficiency, including the Roberts Bank Terminal …

Declining Chinese imports to US: What it means for you

Dana Hare News

Over the past 5 years, America has sought to reduce its reliance on Chinese imports for a variety of reasons. US policies and regulations aimed at reducing Chinese imports have proven effective. In tandem with China’s ongoing recovery from COVID related supply issues, the result is a sharp decline in direct Chinese imports to America. In fact, 2023’s share of …

What to expect during peak air freight season

Dana Hare News

In August, air freight rates remained relatively stable. The Baltic Air Freight Index (BAI00) dropped by 1.8% for the week ending August 28. Southern China experienced a contrasting trend. Robust e-commerce activity drove a 2.2% rise in outbound Hong Kong rates (BAI30) and a 4% increase in Shanghai’s air cargo rates (BAI80). However, rate fluctuations were evident in other regions. …

Ro/Ro Vs. Container Shipping for Vehicles

Dana Hare Resources

How do cars from Europe and Asia come to North America? On a ship, of course! Many vehicles get shipped via ocean freight on what we call a Ro/Ro vessel. Ro/Ro vessels are “Roll on, Roll off” ships designed specifically for transporting wheeled vehicles. These vessels feature ramps, specialized securing mechanisms, and other features to accommodate large-scale vehicle transport. Large …

Shipping Industry Consolidation? HMM Sales Process Initiated

Dana Hare Featured, News

Hyundai Shipping Line (HMM) is poised to initiate sales discussions at a potential price point of $3.9 billion. Ocean freight rates have seen sustained decline over the past nine months. In response, some freight companies have pursued mergers and acquisitions (M&A) to maintain their market presence. The top 10 carriers command 85% of the global shipping container market. The top …

Saudi Arabia’s Big Logistics Transformation

Dana Hare Featured, News

Since the earliest days of human civilization, the region we call the Middle East has served as an important bridge between East and West. Saudi Crown Prince Mohammed bin Salman’s recently unveiled plan to turn Saudi Arabia into a logistics hub by 2030 will continue this legacy. The plan is to build 59 logistics centres, covering 100 million square meters. …