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MSC increases prices to Middle East and Far East

The Swiss/Italian ocean carrier Mediterranean Shipping Company (MSC) has published fresh Freight All Kinds (FAK) increases for shipments destined to Far East and Middle...

CMA CGM implements new charges in Oceania

The French liner operator CMA CGM has announced new charges for cargo travelling from and to Oceania. Firstly, CMA CGM will apply a Freight All...

CMA CGM to push up rates in West Africa

The French ocean carrier CMA CGM will implement new Freight All Kinds (FAK) rate increases in shipments destined to West Africa, effective from 1...

CMA CGM sets Latin America and Caribbean surcharges

The French shipping line CMA CGM has announced the implementation of new surcharges for sailings to Latin America and the Caribbean, which will take...

Liner operators hit with US$81 million fine by South Korean antitrust body

After months of pressure and protests from the government and trade associations, Korea Fair Trade Commission (KFTC) said today (18 January) that it will...

CMA CGM to push up South America rates

After four months of pausing increases in freight rates, CMA CGM has decided to boost its prices in shipments to and from the East...

India Outlook 2022: Freight rates, box prices continue to rise

Not a happy start to the New Year for exporters and freight forwarders in India and Asia as the volatility of spot rates and...

MSC announces new congestion surcharge from Scotland to Canada and Mexico

Mediterranean Shipping Company (MSC) will apply a congestion surcharge (CGS) for cargo from Scotland to Canada and Mexico due to the congestion in the...

California’s congestion leads billions of dollars worth of cargo waiting outside USWC ports racking up millions in interest

A report conducted by the provider of supply chain visibility platform for shippers and logistics firms, Project 44, has shown that the worth of...

MSC to push up Oceania – Europe rates

Mediterranean Shipping Company (MSC) has announced the implementation of new Freight All Kinds (FAK) rate increases that will be applied from Oceania to Europe. In...

Port congestion balloons box rates on South Korea – Russia trade

The Japan International Freight Forwarders Association has announced that in 2021, container trade between South Korea and Russia has been sharply increased, mainly driven...

Major freight indexes hit new record-highs on the last day of the year

Two major freight indexes, SCFI and NCFI, reached record-high figures on the last day of the previous year, which was marked by skyrocketing container freight...

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Maersk-operated ship knocks down Baltimore bridge

The Singapore-flagged container vessel Dali, which is chartered by the Danish shipping giant Maersk, crushed into a road bridge in Baltimore, US. The Francis Scott...

Carriers playing catch-up to further tilt supply-demand imbalance

Ocean Network Express (ONE) announced an aggressive midterm plan on 19 March to grow its operated fleet to 3 million TEUs by 2030, representing...

CMA CGM updates rates from Asia to North Europe

CMA CGM has announced new Freight All Kinds (FAK) rates effective from 1 April 2024 (loading date) until further notice. These updated FAK rates are...

CMA CGM teams up with new Saudi line to enhance Red Sea service

French ocean carrier CMA CGM is partnering with Folk Maritime, a new independent feeder and short-sea shipping operator in Saudi Arabia, to commence the...

Maersk relaunches Transpacific service

Maersk aims to improve its Asia - US East Coast service network by restarting the TP20 service. As of mid-April, the Danish shipping company will...