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CMA CGM applies new peak season surcharges worldwide

Marseille-headquartered container line CMA CGM has announced a new peak season surcharge (PSS) from North Europe, the Baltic, Scandinavia and Poland to Asia (including...

Maersk revises peak season surcharge from Far East Asia to East Coast South America

Danish ocean carrier Maersk is revising the Peak Season Surcharge (PSS) for Far East Asia to East Coast South America for all dry containers,...

CN analysis: Container freight rates out of India continue to soar amid Red Sea crisis

The boost in container freight rates seen on trades out of India as a consequence of the Red Sea crisis has accelerated in recent...

Hapag-Lloyd implements new GRI from US West Coast to Indian Subcontinent and Middle East

Hapag-Lloyd has recently announced a new General Rate Increase (GRI), effective from 1 March 2024, from US West Coast to Indian Subcontinent and Middle...

Red Sea Crisis: Xeneta forecasts freight rates to rise further in February

Early indications suggest ocean freight shipping rates are set to increase further in early February amid the ongoing Red Sea crisis, according to data...

Forwarder says lines creating “artificial demand”

A European freight forwarder has accused the lines of creating “artificial demand” by blanking sailings and talking up a looming empty box crisis. The forwarder,...

CMA CGM to apply new congestion surcharge in Cameroon

In response to the existing congestion situation in Kribi, Cameroon, CMA CGM has announced the implementation of a Port Congestion Surcharge (PCS). The French ocean...

Hapag-Lloyd raises rates from Middle East and Indian Subcontinent to Europe and North Africa

Hamburg-based ocean carrier Hapag-Lloyd has announced fresh ocean tariff rates from Middle East and Indian Subcontinent to Europe and North Africa. The German container line...

Box lines poised for first-quarter windfall

Mainline operators can expect a windfall for the first quarter of 2024, as the surge in freight rates far exceeds the costs of detouring...

Red Sea crisis changes container shipping situation from glut to tightness

The closure of the Suez route has changed the fundamental outlook for container shipping in 2024, with a potential capacity crunch in Asia looming in...

CMA CGM implements new port congestion surcharge in Cameroon

In response to the ongoing port congestion in Douala, Cameroon, CMA CGM has notified its customers about the introduction of a Port Congestion Surcharge...

Red Sea-Suez crisis quadruples Asia-Europe & Med rates

About 90% of all the containerized fleet that would have ideally taken the Suez Canal have now re-routed via the Cape of Good Hope....

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CMA CGM applies new surcharges from Europe to India, Middle East Gulf and Red Sea

French ocean carrier CMA CGM announced that it will implement the following peak season surcharges, effective from 1 March. For dry cargo from North Europe,...

CMA CGM introduces Red Sea contingency fee

Marseille-headquartered box line CMA CGM will implement a contingency charge from 1 March due to the additional expenses caused by rerouting services via the...

WEC Lines enhances its reefer container fleet

WEC Lines has decided to enter the refrigerated container market by adding 45ft reefer boxes to its container fleet. The company has added the first...

Crew from sunken cargo ship saved as South Korean president steps in

All 11 seafarers on a general cargo ship were rescued by the Korea Coast Guard shortly before their vessel sank, in an event that...

Red Sea Crisis: Spiralling ocean freight rates from Far East to US may have peaked

The Red Sea crisis sent ocean freight rates from the Far East to the US spiralling by more than 150%, but there appears to...