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Friday, October 7, 2022

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Drewry’s WCI loses three-fourth of pandemic gains despite record high US-Europe rates

The losses for the Drewry's World Container Index (WCI) keep stretching. The Index lost 8% to end at US$3,688.75 for the week, extending its...

CMA CGM announces new PSS from North Europe to Central America & Caribbean

CMA CGM has announced new peak season surcharges (PSS) from North Europe to Central America and the Caribbean that will be effective in November. The...

Indian exporters face new tax burden as freight rates moderate

Indian exporters – now relieved to see some moderation in sky-high freight rate levels amid slowing volumes – have a new cost burden to...

CMA CGM implements new reefer surcharge from USEC and Gulf to West Africa

French ocean carrier CMA CGM has announced a new peak season surcharge (PSS) from the United States East Coast (USEC) and Gulf to West...

CN analysis: India container freight rates continue to slide amid weakening demand

Container freight rates on trades out of India continue to taper off amid falling demand, according to a new market analysis by Container News. On...

Slump in spot rates to continue

The nosediving of spot rates continues, as Drewry's World Container Index revised its own record of the largest weekly fall in recent times. A 10.25%...

Port Houston orders 26 hybrid Konecranes RTGs

Port Houston has ordered 14 hybrid Konecranes rubber tyred gantry cranes (RTGs) for its Barbours Cut Container Terminal and 12 hybrid Konecranes RTGs for...

Indian container trade flows begin to moderate amid export growth pressure

According to the latest port data secured by Container News, the pace of Indian containerised trade flows has begun to slow down after recording...

MSC’s new service directly connects Port Everglades with Far East Asia

The 4,675 TEU container vessel MSC Rochelle called Port Everglades on 30 September, marking the connection of the major port in Florida with the...

Sea-Intelligence reports 50% of congestion has been resolved

With the continued gradual improvement in schedule reliability in August 2022 and the resultant improvement in vessel delays, the global fleet that was unavailable...

New frozen food warehouse to launch at Port of Antwerp-Bruges

The JV Conti Seafrigo Antwerp (CSA) has acquired a concession on the Nieuwe Westweg, near the Bevrijdingsdok in the port of Antwerp. The joint venture...

Mawani, Globe Group to build logistics park at Jeddah Islamic Port

Saudi Ports Authority (Mawani) has signed a contract with Globe Group, Saudi Arabia's marine services provider, to develop a 135,000 m2 integrated logistics park...

Contaminated fish seems to cause food poisoning tragedy on Cosco bulker

Thirteen of 21 seafarers on one of COSCO's bulk carriers, Wu Zhou 8, have died from food poisoning after eating what is suspected to...

Nissan selects Port of Brunswick as gateway to the southeastern US

Nissan North America has chosen the Port of Brunswick in Georgia, US as a new point of entry to serve US markets. “We are pleased...

World’s largest container line MSC enters air cargo market

The world's largest container shipping company, MSC Mediterranean Shipping Company SA aims to enter the air freight market, starting the development of a new...

Ro-Ro cargo ship catches fire at port of Tacoma

Ro-Ro cargo ship Midnight Sun suffered a fire accident at the port of Tacoma in the United States on 22 September, while it was...

CMA CGM boss Saadé part of tycoon consortium to buy French television station M6

The chairman and chief executive officer (CEO) of the CMA CGM Group, Rodolphe Saadé aims to expand further into the mass media sector. After being...

Captain of stranded ship in Kaohsiung in failed escape attempt

The captain of a general cargo ship which had been stranded for half a year in Kaohsiung, Taiwan, after its ship owner failed to...

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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 reports upward trend in bunker indices

Over Week 40, Marine Bunker Exchange (MABUX) global bunker indices turned to upward evolution with the 380 HSFO index increasing last week to US$502.55/mt,...
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

Hapag-Lloyd revises CGX service port rotation

German carrier Hapag-Lloyd has upgraded its China-German Express (CGX) service with the expansion of the port coverage, which will now include the ports of...

MABUX reports upward trend in bunker indices

Over Week 40, Marine Bunker Exchange (MABUX) global bunker indices turned to upward evolution with the 380 HSFO index increasing last week to US$502.55/mt,...

Maersk’s Performance Team deploys first Volvo electric trucks in Southern California

Maersk-owned Performance Team has deployed its first Class 8 battery-electric trucks from Volvo Trucks North America in Southern California in response to customer demand...

Drewry’s WCI loses three-fourth of pandemic gains despite record high US-Europe rates

The losses for the Drewry's World Container Index (WCI) keep stretching. The Index lost 8% to end at US$3,688.75 for the week, extending its...

Port Houston orders 26 hybrid Konecranes RTGs

Port Houston has ordered 14 hybrid Konecranes rubber tyred gantry cranes (RTGs) for its Barbours Cut Container Terminal and 12 hybrid Konecranes RTGs for...

Indian container trade flows begin to moderate amid export growth pressure

According to the latest port data secured by Container News, the pace of Indian containerised trade flows has begun to slow down after recording...

MSC extends Noumea express service

MSC has announced the upgrade and extension of its Noumea Express service to include Fiji. The carrier said this service will connect MSC’s global network...

Oil leaks from Sinokor boxship in South Korea

One of Sinokor Merchant Marine's container ships, the 1,050 TEU Niigata Trader, apparently leaked 1.6 kilolitres of marine fuel into the waters around South...

CMA CGM announces new PSS from North Europe to Central America & Caribbean

CMA CGM has announced new peak season surcharges (PSS) from North Europe to Central America and the Caribbean that will be effective in November. The...

Lines and shippers clash over CBER extension

Αs the European Commission considers renewing the Consortia Block Exemption Regulation (CBER) that enables current container shipping alliances to operate, liner operators and shippers...

Most Popular

Maersk Container Industry announces new CEO

Søren Leth Johannsen will be the new chief executive officer (CEO) of Maersk's reefer container manufacturing subsidiary, Maersk Container Industry (MCI). Johannsen, the current chief...

Contaminated fish seems to cause food poisoning tragedy on Cosco bulker

Thirteen of 21 seafarers on one of COSCO's bulk carriers, Wu Zhou 8, have died from food poisoning after eating what is suspected to...

CMA CGM launches new early container return incentive programme

CMA CGM Group has announced the start of a new early container return incentive programme, under the name "TEUs to Trees", aiming to increase...

Maersk’s Sealand commences new Spain-UK rail service

Maersk's subsidiary specialised on Intra-European logistics, Sealand will launch a new rail product from Spain to the United Kingdom, designed for temperature-sensitive cargo like...

Slump in spot rates to continue

The nosediving of spot rates continues, as Drewry's World Container Index revised its own record of the largest weekly fall in recent times. A 10.25%...

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