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Bumpy rates in 2025 amid alliance resets and ongoing Red Sea challenges

The seasonal drop in container freight rates after Chinese New Year 2025 could be greater than in previous years, as it coincides with the...

CMA CGM applies Panama Canal Transit Surcharge from Far East to US East Coast & US Gulf

The Panama Canal Authority has introduced a new booking reservation system, the Long-Term Slot Allocation (LoTSA), to regulate canal crossing reservations. This system, which will...

CMA CGM introduces congestion surcharge in Gambia

French ocean carrier CMA CGM has announced the implementation of a port congestion surcharge (PCS) at Gambia's port of Banjul. The surcharge will take effect...

CMA CGM applies peak season surcharges from Europe to North America

CMA CGM has announced the implementation of several Peak Season Surcharges, effective from 1 January 2025, until further notice. The first surcharge applies to cargo...

CMA CGM, Maersk and COSCO vie for Transpacific dominance

CMA CGM, Maersk, and COSCO Shipping Lines are competing for the market lead in the Transpacific trade, according to Alphaliner. CMA CGM has regained the...

CMA CGM’s new service to link Adriatic, Eastern Mediterranean and Turkey

French ocean carrier CMA CGM has announced the start of a new service that is expected to serve the Adriatic market - BORA MED...

CMA CGM announces surcharges from Far East

In response to the current situation in Beira, Mozambique, CMA CGM has announced the implementation of a Port Congestion Surcharge (PCS) effective from 22...

CMA CGM applies surcharges from Indian Sub and Middle East

French container carrier CMA CGM has announced new surcharges from the Indian Subcontinent and Middle East to worldwide destinations. The company will implement a Peak...

CMA CGM commences new service focused on West Coast of Central America

French ocean carrier CMA CGM has announced the launch of its new weekly service, Maya Service, dedicated to West Coast Central America. The weekly port...

CMA CGM and JA Solar enter into decarbonization partnership

CMA CGM has partnered with JA Solar, a photovoltaic power generation solution provider, to advance the decarbonization of the maritime supply chain and support...
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Mainline operators still in five-year extraordinary profit cycle, thanks to Red Sea crisis

Alphaliner's report says that 2024 is on track to be the third most lucrative year in container shipping history despite the higher costs borne...

Hapag-Lloyd increases rates from Middle East & Indian Sub to North America

German ocean carrier Hapag-Lloyd has announced that a General Rate Increase (GRI)/General Rate Adjustment (GRA) will be introduced for shipments from the Indian Subcontinent...

South Korea to invest nearly US$10 billion in Busan Port

South Korea's government will invest 14 trillion won (around US$10 billion) in Busan Port upgrades through 2045, aiming to achieve the world's largest container...

AD Ports Group earns A1 credit rating from Moody’s

Global credit rating agency Moody's has assigned AD Ports Group an initial A1 credit rating with a stable outlook. This rating highlights the Group’s...