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California’s congestion leads billions of dollars worth of cargo waiting outside USWC ports racking up millions in interest

A report conducted by the provider of supply chain visibility platform for shippers and logistics firms, Project 44, has shown that the worth of...

MSC to push up Oceania – Europe rates

Mediterranean Shipping Company (MSC) has announced the implementation of new Freight All Kinds (FAK) rate increases that will be applied from Oceania to Europe. In...

Port congestion balloons box rates on South Korea – Russia trade

The Japan International Freight Forwarders Association has announced that in 2021, container trade between South Korea and Russia has been sharply increased, mainly driven...

Major freight indexes hit new record-highs on the last day of the year

Two major freight indexes, SCFI and NCFI, reached record-high figures on the last day of the previous year, which was marked by skyrocketing container freight...

Chinese Ports’ container volumes rise 7.6% in 2021

The container throughput of Chinese ports for the period between January and November of 2021 stood at 259.7 million TEU, which translates to an...

MSC increases rates from India and Pakistan to Antwerp and Valencia

Mediterranean Shipping Company (MSC) has announced the following freight rates, which will be effective from 1 January 2022 until further notice but not beyond...

MSC pushes up Europe – Oceania rates

Mediterranean Shipping Company (MSC) has announced the implementation of new Freight All Kinds (FAK) rate increases from Europe to New Zealand and Australia, which...

San Pedro Bay Ports keep delaying container dwell fee

Τhe Ports of Long Beach and Los Angeles have decided to postpone the implementation of "Container Dwell Fee" for the sixth time, until 27...

Port of Rotterdam sets tariffs agreement through 2024

The Association of Rotterdam Shipbrokers (VRC) and the Port of Rotterdam Authority have entered into an agreement on the port tariffs for the next...

MSC sets increased prices from Israel to Canada and Mexico

Mediterranean Shipping Company (MSC) has published fresh increases in its freight rates for sailings from Israel to Canada and Mexico. The Swiss/Italian shipping line will...

MSC pushes up rates to American ports

Mediterranean Shipping Company (MSC) has announced the implementation of new Freight All Kinds (FAK) rate increases from 1 January 2022 for shipments destined to...

Container lines report record profitability in the third quarter

Αll global ocean carriers saw revenues increase substantially as a consequence of the record-high freight rates, with year-on-year revenue growth ranging from 83.9% for...

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Singaporean state investment firm Temasek mum on PIL bailout

The Singapore government’s investment company Temasek Holdings is remaining tight-lipped on market talk that it may take a stake in embattled liner operator Pacific...

High speed and compromised manoeuvring caused Milano Bridge accident

The container ship Milano Bridge had failed to slow down as it attempted to berth in Busan New Port on 6 April 2020, causing...

Chinese shipyards win giant container ship order

Chinese shipyards will build six 24,232TEU containerships, the largest in the world as of today, that the Bank of Communications Financial Leasing (Bocomm Leasing)...

MSC Rosa M damages Mumbai crane

The 14,000TEU MSC Rosa M has hit and seriously damaged a crane at the DP World terminal in Nhava Sheva, NSIGT in Mumbai, while...

Taking the personal view for crew working on container shipping

Philip Eastell – Founder of Container Shipping Supporting Seafarers – describes the personal side of container operations at a time when crew, affected by...