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Shanghai Composite Index hit three year low as spot rates register minor fall

The Shanghai Containerized Freight Index (SCFI) succumbed to a three year low, depreciating 2.3% this week to end at US$1,006, just a tad above...

CN analysis: Freight rates on Indian trades continue to cool amid falling export volumes

Container freight rates on trades out of India have continued to cool, albeit at a slower pace on shipments to Europe, according to the...

Drewry’s World Container Index drops

Drewry's composite World Container Index fell 2% this week to US$2,046.51 per 40ft container. The Drewry WCI composite index is now already 80% down from...

Non-alliance share begins to fall as freight rates normalise

As the market recovered from the first Covid shock, a confluence of small carriers began to deploy capacity, particularly on the Transpacific trade, and...

CMA CGM announces new peak season surcharges worldwide

Marseille-headquartered container line CMA CGM has announced a new peak season surcharge (PSS) from Indian Subcontinent, Middle East Gulf & Red Sea to North...

CMA CGM revises peak season surcharge from Mediterranean to Canada

Marseille-headquartered container line CMA CGM has announced the revision of the peak season surcharge (PSS) from the Mediterranean to Canada's East Coast. The new surcharge...

Virginia Inland Port gets all operational power needs from clean-energy resources

Virginia Inland Port (VIP), an intermodal container transfer facility in Front Royal, Virginia (Warren County) owned by the Virginia Port Authority, is fulfilling all...

Port Houston reports record cargo volumes in 2022

In 2022, the Port of Houston recorded the largest general cargo volume in its history, handling 55 million tons of cargo. Port Houston chairman, Ric...

DP World confirms winning bid for new mega box terminal in India

DP World has announced that it has won a major concession to develop, operate and maintain a new container terminal at Deendayal port in...

New Konecranes equipment at Port of Spain

The Port of Port of Spain (PPOS) in the Caribbean has bought two Konecranes Liftace empty container handlers, one Konecranes reach stacker, and two...

Brazilian port acquires new container scanner

Itapoá Port in Brazil has received HCVM XT, a new scanner designed for inspecting containers entering its yard. This latest purchase, an investment of about...

Maersk, Ashdod Port ink supply chain partnership deal

Ashdod Port Company in Israel has struck a deal with Maersk North America to work on supply chain logistics innovation potential. The partnership is expected...

MSC announces temporary suspension of Beira – Zimbabwe rail service

MSC announced that the through Bill of Landing (TBL) rail service to/from Bulawayo, Harare and Mutare to/from Beira will be temporarily suspended with immediate...

Drydocks World, Aker Solutions join forces to upgrade production at UK’s Rosebank oil and gas field

A joint venture was established by DP World-owned Drydocks World and Aker Solutions to refurbish a floating production storage and offloading (FPSO) vessel for...

Prime mover driver dies after vehicle plunges into sea off Singapore port

The driver of a prime mover was killed after his vehicle fell into waters off Singapore’s Keppel Terminal this morning (31 January). The Maritime and...

Maersk Supply Service secures major deal for FPSO work in Brazil

Maersk Supply Service will start to collaborate with TechnipFMC, after signing an assignment agreement for the comprehensive towing and mooring campaign of Petrobras’s Búzios...

Update: General cargo ship sinks off Japan’s coast, two dead, nine crew missing

According to the latest update, two seafarers from the 13 crew members that were rescued from the general cargo ship Jin Tian that sank...

Singapore jails 11 tug crewmen for gasoil theft

Eleven crew members on two tugs were jailed between six weeks and four months on 20 January in Singapore, for stealing 4,200 litres of...

Around three tons of cocaine seized from cargo ship, all crews arrested

Around three tons of cocaine were found in the 2005-built general cargo ship Blume on 18 January off the western Sahara, while all the...

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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...
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 fuel prices

Over the fifth week of the year, Marine Bunker Exchange (MABUX) global bunker indices showed a moderate downward correction. The 380 HSFO index fell by...
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

Virginia Inland Port gets all operational power needs from clean-energy resources

Virginia Inland Port (VIP), an intermodal container transfer facility in Front Royal, Virginia (Warren County) owned by the Virginia Port Authority, is fulfilling all...

Kalmar, Holmen Iggesund extend cooperation agreement for three years

A three-year collaboration deal that was first signed in 2019 between Holmen Iggesund, a member of the Holmen Group, and Kalmar has been extended. The...

CMA CGM becomes official partner of Paris 2024 Olympic and Paralympic Games

The CMA CGM Group will make its expertise available to Paris 2024, by handling the transport and logistics for all the goods, equipment, and...

MSC announces temporary suspension of Beira – Zimbabwe rail service

MSC announced that the through Bill of Landing (TBL) rail service to/from Bulawayo, Harare and Mutare to/from Beira will be temporarily suspended with immediate...

Drydocks World, Aker Solutions join forces to upgrade production at UK’s Rosebank oil and gas field

A joint venture was established by DP World-owned Drydocks World and Aker Solutions to refurbish a floating production storage and offloading (FPSO) vessel for...

CMA CGM announces intermodal solutions to Angola through Congo

In addition to the current Cabinda Feeder service, departing from Pointe Noire, Congo, once every 11 days, CMA CGM has announced that it is...

Port Houston reports record cargo volumes in 2022

In 2022, the Port of Houston recorded the largest general cargo volume in its history, handling 55 million tons of cargo. Port Houston chairman, Ric...

FESCO dispatches batch of electric cars from China to Russia

FESCO Transportation Group planned a dispatch of new electric cars from the Chinese city of Guangzhou to Moscow in Russia via border crossing Khorgos/Altynkol...

Vietnam wants to double inland container handling

Vietnam’s government is considering investing up to US$800 million to add more inland container depots (ICDs) in the country by 2030. According to the 2021-2030...

DSV boosts revenues and profits in 2022

Global freight forwarder DSV announced increased total revenues, profits and earnings for 2022, compared with the previous year's results. In particular, the company's revenue rose...

Most Popular

MSC announces new container service in Europe

MSC has decided to start a new weekly feeder service connecting Ireland, France and Belgium, effective from the end of February. The service will connect...

ONE revenues and profits plunge in last quarter of 2022

Singaporean container line Ocean Network Express (ONE) saw a significant drop in its revenues, earnings and profits during the third quarter of its fiscal...

New panamax vessel catches fire in Panama Canal

The Panama Canal reports that the 11,000 TEU container vessel Cape Kortia suffered a fire outbreak in its engine room on 30 January while...

Boxships crunched in Bangkok fairway

Two container vessels Wan Hai 272 and Santa Loukia collided in the Bangkok approach fairway at around 08:35 local time on 28 January, near...

Where container shipping is flourishing?

Liner shipping connectivity is key to the handling of container volumes and maintains a major chunk of the pie in global trade. The liner...

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