On the 5th of June 2022, a fire broke out at the container terminal close to Chittagong port causing unprecedented loss of lives and property. According to senior port officials, there has been almost 50 fatalities and numerous injuries. While the loss of lives and properties is the biggest tragedy in the shipping industry this…
Conqueror Blog
Tag: container shipping
A few factors that push up the rates in the container shipping industry
With container shipping being responsible for moving around 90% of international commodities, the ocean freight industry plays a major role in sustaining the modern economy. However, ever since the pandemic we can see a sharp rise in sea freight rates due to several factors like container shortage, equipment shortage, labour shortage, port congestion, etc. In…
How independent freight forwarders can choose between FCL and LCL
While determining shipping options independent freight forwarders need to make the important decision of whether to ship less than container load (LCL) or full container load (FCL). Several factors come to play while determining the ideal mode of shipment. Both LCL and FCL shipments come with a set of unique advantages and disadvantages. This is…