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Tuesday, March 19, 2024

Hapag-Lloyd increases Asia container rates

German ocean carrier Hapag-Lloyd said its ocean tariff rates for Freight All Kinds (FAK) between Far East and North Europe & Mediterranean will increase. The...

CMA CGM announces overweight surcharge from South America East Coast

French box carrier CMA CGM has announced a new overweight surcharge (OWS), which will be effective from 1 April 2024 until further notice. This surcharge...

DP World invests US$50 million in new logistics centre in South Korea

DP World has announced a US$50 million investment to develop a new logistics centre in South Korea's Busan New Port. The construction works on the...

Virginia prevails over Georgia and North Carolina for FreezPak Logistics new cold storage facility

Governor of Virginia, US, Glenn Youngkin announced that FreezPak Logistics, a provider of full-service cold and dry storage services, is investing US$77.5 million to...

Massive increase in container shipping imports from China into Mexico amid ongoing US trade war: Xeneta analysis

Growth in demand for container shipping imports from China into Mexico in January 2024 increased by 60% compared to 12 months ago, further fuelling...

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Hapag-Lloyd increases Asia container rates

German ocean carrier Hapag-Lloyd said its ocean tariff rates for Freight All Kinds (FAK) between Far East and North Europe & Mediterranean will increase. The...

CMA CGM announces overweight surcharge from South America East Coast

French box carrier CMA CGM has announced a new overweight surcharge (OWS), which will be effective from 1 April 2024 until further notice. This surcharge...

CMA CGM applies new rates from Asia to Mediterranean

French container line CMA CGM has announced the following updated Freight All Kinds (FAK) rates from all Asian main ports to the mentioned Mediterranean...

Carriers ‘undo’ rate hikes on India-US trades amid cargo volume pressure

Container carriers appear to have abandoned plans to hike freight rates on Indian trades to the United States, as they are facing a slump...

CMA CGM revises PSS from North Europe to Med, Adriatic, Black Sea and North Africa

In response to recent developments in the region, CMA CGM has announced a revision of its Peak Season Surcharge (PSS) from North Europe to...

Ocean rates continue to ease post-Lunar New Year: Freightos analysis

Hostilities in the Red Sea intensified last week, and included the first seafarer casualties. But with most container traffic already avoiding the Suez Canal, demand...

PortMiami enters new era handling CMA CGM’s 15,000 TEU vessel

PortMiami greeted the arrival of the CMA CGM Bali on 11 March 2024. With a capacity of 15,000 TEUs, this container ship operates along...

DP World invests US$50 million in new logistics centre in South Korea

DP World has announced a US$50 million investment to develop a new logistics centre in South Korea's Busan New Port. The construction works on the...

Virginia prevails over Georgia and North Carolina for FreezPak Logistics new cold storage facility

Governor of Virginia, US, Glenn Youngkin announced that FreezPak Logistics, a provider of full-service cold and dry storage services, is investing US$77.5 million to...

Hupac enhances intra-Europe rail network

Hupac, an intermodal rail operator headquartered in Switzerland, is bolstering its rail network connecting Zeebrugge, Belgium with northern Italy. Introducing a fresh train service to...

CEVA to launch automotive logistics centre at Port of Dunkirk

On 15 March, an agreement was reached between the Port of Dunkirk and CEVA Logistics, marking the beginning of a new venture. The contract entails...

ICTSI’s MICT reaches 50 million TEU milestone

Manila International Container Terminal (MICT), International Container Terminal Service, Inc.’s (ICTSI) flagship terminal, celebrates another milestone by handling its 50 millionth TEU. The Philippine terminal...

Hupac enhances intra-Europe rail network

Hupac, an intermodal rail operator headquartered in Switzerland, is bolstering its rail network connecting Zeebrugge, Belgium with northern Italy. Introducing a fresh train service to...

Hijacked Bangladeshi ship reaches Somalia; Crew remains hostage

A security ship followed the Bangladeshi hijacked ship Abduallah and fought with the pirates on Wednesday (13 March) night, according to a crew member...

Bangladeshi ship hijacked by Somalian pirates

A Bangladesh flag carrier ship was hijacked by Somalian pirates in the Indian Ocean on 12 March, according to the owner of the vessel,...

HD Hyundai partners with Neptune Lines for EPLO services on four car carriers

HD Hyundai Marine Solution has inked a deal with Greek operator Neptune Lines Shipping and Managing Enterprises to deliver Engine Part Load Optimization (EPLO)...

Oil leak from capsized barge off Tobago halts after a month

According to the Government of Trinidad and Tobago, the discharge of hydrocarbons from the overturned vessel near Cove, Tobago, has stopped, as confirmed by...

Grimaldi bolsters Italy-Greece connections

The Grimaldi Group is set to elevate transport capacity and comfort on its Italy-Greece connections with the introduction of the Europalink vessel on the...

Portsmouth International Port selects ABB’s shore connection solution

ABB, a technology leader in electrification and automation, has secured an order from Portsmouth International Port for a shore connection solution for ferries and...

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We Asked AI

We Asked AI: The Largest Container Port in 2050

Container ports are continuously expanding, capable of accommodating numerous giga container ships simultaneously. Have you ever wondered how the largest container port might appear 26...

We Asked AI: The Largest Container Ship in 2050

We asked an Artificial Intelligence (AI) system to provide us with a glimpse of the potential appearance of the largest container ship in 2050. The...

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We Asked AI: The Largest Container Port in 2050

Container ports are continuously expanding, capable of accommodating numerous giga container ships simultaneously. Have you ever wondered how the largest container port might appear 26...

Hapag-Lloyd records third-highest group profit in history despite significant financial declines

German ocean carrier Hapag-Lloyd has reported revenues of US$19.4 billion and profit of US$3.2 billion in 2023, translating to massive year-on-year drops from US$36.4...

Maersk circles DB Schenker as it ponders acquisition

Maersk has appointed financial advisors to help the carrier evaluate its freight forwarder target DB Schenker which was put up for sale last year. Danish...

ZIM reports US$2.7 billion annual net loss amidst financial downturn

Israeli ocean carrier ZIM announced its results for the previous year, following the trend observed across major container lines, according to which the companies'...

Red Sea developments fail to overcome seasonal lull as rates correct

With the Chinese New Year over and liner operators adjusting their operations to accommodate the diversions round the Cape of Good Hope, rates have...

CN Photo Project: The Picture of the Month

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...
Container transportation is now the most popular way of cargo movement and a critical pillar of the global economy, but back in the 1950s,...

MABUX reports decline in global bunker indices

In the 11th week of the year, there was a moderate decline in the Marine Bunker Exchange (MABUX) global bunker indices. The 380 HSFO index...
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 increases Asia container rates

German ocean carrier Hapag-Lloyd said its ocean tariff rates for Freight All Kinds (FAK) between Far East and North Europe & Mediterranean will increase. The...

ONE completes its first European Union Allowances transaction

Singapore-based container line Ocean Network Express (ONE) has announced its inaugural European Union Allowances (EUA) transaction with BNP Paribas, a global bank and financial...

PortMiami enters new era handling CMA CGM’s 15,000 TEU vessel

PortMiami greeted the arrival of the CMA CGM Bali on 11 March 2024. With a capacity of 15,000 TEUs, this container ship operates along...

CMA CGM announces overweight surcharge from South America East Coast

French box carrier CMA CGM has announced a new overweight surcharge (OWS), which will be effective from 1 April 2024 until further notice. This surcharge...

DP World invests US$50 million in new logistics centre in South Korea

DP World has announced a US$50 million investment to develop a new logistics centre in South Korea's Busan New Port. The construction works on the...

Global tank container fleet nears 850,000 units: ITCO annual survey

The International Tank Container Organisation (ITCO) has published its 12th Annual Tank Container Fleet Survey. This year’s Survey estimates that, on 1 January 2024, the...

APM Terminals appoints new leaders in the Americas and Mexico region

APM Terminals has named Marliz Bermúdez as the new head of investments for the Americas Region and Beatriz Yera as the managing director for...

Virginia prevails over Georgia and North Carolina for FreezPak Logistics new cold storage facility

Governor of Virginia, US, Glenn Youngkin announced that FreezPak Logistics, a provider of full-service cold and dry storage services, is investing US$77.5 million to...

Massive increase in container shipping imports from China into Mexico amid ongoing US trade war: Xeneta analysis

Growth in demand for container shipping imports from China into Mexico in January 2024 increased by 60% compared to 12 months ago, further fuelling...

Cape and Indian Ocean now in Houthi operational range

The extent of the failure of the allied powers to degrade the Houthi Military capabilities may come into sharp focus if the Yemeni movement...

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Considering how fast-paced today’s business environment has become, logistics management is key to any organization’s success. Efficient transportation helps maintain a streamlined supply chain...