Amid record-low Transatlantic trade rates, shippers must seize opportunities before market rebounds: Xeneta
Spot rates on the Transatlantic front haul trade from North Europe to the US East Coast (USEC) are plummeting rapidly. According to Xeneta's platform...
Hapag-Lloyd increases rates from India’s West Coast to US West Coast
German ocean carrier Hapag-Lloyd has announced a new general rate increase (GRI) / general rate adjustment (GRA) from India's West Coast ports of Nhava...
MSC junks India-US rate push as market stays soft despite peak season expectations
Mediterranean Shipping Co. (MSC) has cancelled rate increase activity that was to have begun on 15 August on the India-US trade lane.The previously-published trade...
Hapag Lloyd increases rates from UAE to North Europe, West Med and North Africa
Hapag Lloyd has announced increased ocean tariff rates from the United Arab Emirates (Jebel Ali and Abu Dhabi) to North Europe (Germany, Netherlands, United...
Spot rates rally on key Far East trade lanes after latest GRI moves: Xeneta
Spot rates for containerised ocean freight have climbed across three leading Far East export corridors after the latest round of General Rate Increases (GRIs)...
SCFI rises for second consecutive week as North America rates increase
According to the Shanghai Shipping Exchange (SSE), the Shanghai Containerized Freight Index (SCFI) increased 1% from the previous week to 1,039.32 points, continuing a...
CMA CGM revises congestion surcharge in Mersin from and to North Europe
As operational challenges continue at the port of Mersin, CMA CGM has decided to revise the port congestion surcharge (PCS) at the Turkish port.The...
Hapag Lloyd implements new peak season surcharge from East Asia to North America
Hapag Lloyd has announced a new Peak Season Surcharge (PSS) from East Asia, namely Japan, Republic of Korea, Taiwan (PRC), Hong Kong (PRC), China...
CMA CGM announces new rates from Middle East Gulf to North Europe and Med
CMA CGM will apply new Freight All Kinds (FAK) rates from Middle East Gulf ports to all North European, West Mediterranean and North African...
Transpacific splashes green as world container index registers highest weekly gain since December 2020
The World Container Index by Drewry put up its best-ever show since December 2020 to end at US$1,761, registering an 11.7% gain, as head-haul...
Maersk increases rates from Asia to North America
Maersk has announced a rate increase from Pakistan, the Middle East, and the Indian subcontinent to North America, namely the United States and Canada.In...
Carriers attempt PSS for India-US cargo after modest GRI success
Container lines appear to have regained some bargaining power to lift freight rates on the India-US trade lane after managing partial recovery from recent...
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THE Alliance revises Transpacific – North West Coast network
THE Alliance, including Hapag-Lloyd, Yang Ming, ONE and HMM, will make changes to Asia to Transpacific-North West Coast network by temporarily suspending the PN3...
Eyebrows raised at China’s state-owned players’ increased stakes in European ports
Chinese companies hold investments in some 31 container seaport terminals in Europe and the Mediterranean as of end-August, reflecting the increased activity by China’s...
DP World introduces world’s first remote pinning station at Southampton hub
DP World has implemented a remote pinning station at its Southampton hub in the United Kingdom, the first of its type in the world,...
Panama Canal limits fail to halt rate slide as box lines up capacity
The Panama Canal transit restrictions have not stopped carriers from adding 20% of incremental capacity on the Asia-US East Coast route since the end...
US box imports drop in August
Container imports to the United States reached 21.9 million TEUs in August (based on volumes at ports of origin), falling 12.6% year on year,...
