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Drewry expects spot rates to remain stable in the near future

Drewry’s composite World Container Index decreased by 0.9% to US$7,657.20 per 40ft container the week of 12 May 2022, compared with the previous week's...

CMA CGM implements hazardous surcharge of US$2,800/box in Chile

Marseille-based ocean carrier CMA CGM has announced a new hazardous surcharge, which is effective from 10 May (loading date). The French box line said the...

Sharp drop in transit times and US spot rates, reports Shifl

The US GDP fell by 1.4% in the first quarter of 2022, which does not leave unconcerned the economists and the analysts. Vibrations were making...

Australia’s shipping bodies stress “unreasonable container fees”

Freight & Trade Alliance (FTA) and the Australian Peak Shippers Association (APSA) have announced they have received extensive examples from members highlighting the "unreasonable...

India on the front foot amidst global shipping disruption but dip in freight rates “temporary”

April ended with a cheer among the Indian shippers as prices of shipping containers across major ports of Nhava Sheva (Mumbai), Chennai and Mundra...

Xeneta CEO, Berglund: “It’s a position of power the carriers have no desire of relinquishing”

April saw the third consecutive monthly climb in long-term contracted ocean freight rates, with shipping costs rocketing by 11.1% globally to stand 109.9% up...

Port of Savannah achieves box volume records amid major expansion projects

The Port of Savannah in Georgia, US has handled 4.75 million TEU in the ten months of the fiscal year 2022 (July 2021 -...

Port of Barcelona presents its innovative aspirations through a new plan

Port of Barcelona has launched an innovation Plan in order to coordinate the promotion, under the same umbrella, of the various projects that change the...

India to link 27 additional ports through rail network

India has now planned to connect 27 more ports through rail connection for faster transportation of cargoes. In this regard, Indian Railways will lay...

Odour permeates Kaohsiung after container collapse

A container containing hydrochloric acid collapsed at Kaohsiung Port’s Pier 79 at 3 am (local time) today (17 May), sending bursts of smoke into...

CMA CGM’s box depot in Indonesia handles 150,000 TEU in nine months

A new container depot of CMA CGM group in Cakung, Indonesia has handled 150,000 TEU by May 2022 in just nine months of operation. With...

Annual report: Supply chain congestion increases threat of cargo theft

An annual report referring to incident data for the past year shows that the risk of goods being stolen due to the crisis in...

Pier collision in Incheon detains TMS bulker captain over speeding suspicion

The captain of a Greek-owned Capesize bulk carrier, Flecha, has been detained and charged with negligence after the vessel was involved in an accident...

Haller Group becomes automotive supplier

Haller Group is in the process of change and growth, having transformed from a service company into an automotive supplier. In the future, it aims...

Asiatic Lloyd extends portfolio further beyond container ships

German tonnage provider Asiatic Lloyd is diversifying further beyond its core boxship segment, investing the profits from the high container market in the dry...

Toyota distributors and JAXPORT announce US$210 million deal

The Jacksonville Port Authority (JAXPORT) board of directors has approved a US$210 million long-term lease and relocation agreement with Southeast Toyota Distributors (SET), the...

SITC to exit dry bulk sector, focusses on container shipping

Hong Kong-headquartered SITC International Holdings, the parent company of intra-Asia carrier SITC Container Lines, will sell its five remaining bulk carriers to focus on...

SAFEEN Feeders and Saif Powertec ink long-term shipping deal

AD Ports Group has announced that its feeder service, SAFEEN Feeders, has signed a long-term trade facilitation and shipping agreement with Saif Powertec Limited,...

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CN Photo Project: The Picture of the Week

Container News wants to thank you all for your participation in the CN Photo Project. Among all the very beautiful photos we have received, the Container News team has...

MABUX expects no firm trend in the global bunker market in the next weeks

The global bunker indices showed a moderate decline during the 19th week, according to the latest Marine Bunker Exchange (MABUX). The 380 HSFO Index fell...
Who would have guessed that a collection of three-letter acronyms would have had such an impact on the development of international (and domestic) commercial...

LATEST NEWS

Port of Savannah achieves box volume records amid major expansion projects

The Port of Savannah in Georgia, US has handled 4.75 million TEU in the ten months of the fiscal year 2022 (July 2021 -...

Port of Barcelona presents its innovative aspirations through a new plan

Port of Barcelona has launched an innovation Plan in order to coordinate the promotion, under the same umbrella, of the various projects that change the...

Maersk introduces new Middle Corridor rail service

A.P. Moller - Maersk has decided to launch a new service linking China and Europe via Kazakhstan, Azerbaijan, Georgia, and Romania in about 40...

India to link 27 additional ports through rail network

India has now planned to connect 27 more ports through rail connection for faster transportation of cargoes. In this regard, Indian Railways will lay...

Euroseas announces US$85 million order of two new boxships

The Greek vessel owner Euroseas has chosen to exercise its option to proceed with the construction of two additional eco design fuel efficient container...

Odour permeates Kaohsiung after container collapse

A container containing hydrochloric acid collapsed at Kaohsiung Port’s Pier 79 at 3 am (local time) today (17 May), sending bursts of smoke into...

CMA CGM’s box depot in Indonesia handles 150,000 TEU in nine months

A new container depot of CMA CGM group in Cakung, Indonesia has handled 150,000 TEU by May 2022 in just nine months of operation. With...

Britannia P&I sees increase in reefer cargo claims

Britannia P&I Club said that claims for reefer cargo damage have been going up in the last two years, in tandem with the growing...

Annual report: Supply chain congestion increases threat of cargo theft

An annual report referring to incident data for the past year shows that the risk of goods being stolen due to the crisis in...

Maersk to open cold chain facility in New Zealand

Maersk has announced a new 45,000 m² cold chain facility in the Waikato District, the fourth largest region in New Zealand. Maersk believes that it...

Most Popular

Hapag-Lloyd reports US$4.7 billion profit in first quarter

Hapag-Lloyd has achieved "an exceptionally strong start" of the year, according to the company's CEO Rolf Habben Jansen, who expects a strong second quarter. The...

China’s lockdowns impact North America West Coast port volumes

China's firm policy on the Covid-19 pandemic has created a climate of port closure and operational restrictions, as seen in both Ningbo and Shanghai,...

Colombo port workers return to work after 23 hours

Workers at Colombo port returned to work on Wednesday (11 May) afternoon after enforcing strikes for 23 hours since Tuesday (10 May) evening. The Sri...

CMA CGM implements hazardous surcharge of US$2,800/box in Chile

Marseille-based ocean carrier CMA CGM has announced a new hazardous surcharge, which is effective from 10 May (loading date). The French box line said the...

Hapag-Lloyd, Eurogate and Contship Italia to develop and operate new box terminal in Egypt

Hapag-Lloyd, Eurogate and Contship Italia have formed a new joint venture to develop and operate a new container terminal in the port of Damietta...

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