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Hapag-Lloyd increases rates in June

Hapag-Lloyd has announced an increased ocean tariff rate for all cargoes in 20’ and 40’, including high cube and dry containers on the eastbound...

Shanghai rates fluctuate across the globe

The Shanghai Containerized Freight Index (SCFI) for Week 18 improved 4.2% from the previous week to 852.27 points, according to the Shanghai Shipping Exchange...

Carriers maintain discipline with South Korea-Japan rates

South Korea-Japan container rates, a major revenue source for South Korean feeder operators, have held up relatively well, due to strong discipline among the...

ONE CEO Jeremy Nixon says lines are “keeping the lights on”

Asian inventory levels have declined, including “very low” levels of stored food products which is fuelling the increase in European and US exports to...

CMA CGM announces fresh May surcharges

CMA CGM has announced new peak season surcharges (PSS) that will be applied from 15 May 2020 (date of loading in the origin ports)...

Hapag-Lloyd announced rates increase in several destinations

In light of current market conditions, Hapag-Lloyd has announced an increased ocean tariff rate for all cargoes in 20’ and 40’ (incl. high cube)...

Hapag-Lloyd announces Asia to S. America rates surge

Hapag-Lloyd will increase rates for all cargoes and all container types from East Asia to South America East Coast with effect from 15 May...

Shandong Port Group develops reefer links with Southeast Asia

Shandong Port Group is eyeing more reefer shipping links between Shandong province's largest port, Qingdao, and Southeast Asia, amid growing Chinese demand for Southeast...

Maersk revises North America charges

Maersk has announced an increase in rates from Pakistan, United Arab Emirates (UAE) and the Indian Sub-Continent to the US and Canada, due to...

Taewoong builds tank container business

South Korean freight forwarder Taewoong Logistics is eyeing a share of the tank container market amid growing shipments in this segment. In April 2020, Taewoong...

Divided States of America as consumers hit the wires

US governors are making independent decisions to return staff to work and open up their economies, even as the death toll from the Covid-19...

CMA CGM pushes up Asia freight rates

CMA CGM has decided to apply new freight of all kinds (FAK) rates as follows as from 15 May 2020 (date of loading in...
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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...

Yang Ming constructs new smart container vessels

Yang Ming has unveiled that its ten 2,800TEU container vessels, currently being constructed by CSBC, will receive Smart Ship notations from international classification societies. Starting...

Milano Bridge hits Port of Busan gantry crane

The 13,870TEU container ship Milano Bridge, owned by Mi Das Line SA has collided with a gantry crane at Busan Port, South Korea, which...

PIL admits to financial stress

Pacific International Lines (PIL) boss Teo Siong Seng has admitted on 23 March 2020 that the company is in talks with several creditors, including...

Profits for Wan Hai, loss for Evergreen

Taiwanese carriers Wan Hai Lines and Evergreen Marine Corporation had different results for the first quarter of 2020, which saw liner operators hit by...