The Export-Import Bank of Korea's (KEXIM) Economic Research Institute has published a report stating that while container freight rates have come down from the...

Rates & Surcharges

CMA CGM applies fresh rates for Canada-Asia shipments

Ioanna Kontos - October 3, 2024 0

French ocean carrier CMA CGM has announced a new Rate Restoration Initiative (RRI) that will take effect on 1 November 2024. This adjustment will impact...

Rates & Surcharges

CMA CGM applies overweight surcharge from India, Sri Lanka, Middle East Gulf and Djibouti to Europe

Ioanna Kontos - October 2, 2024 0

French ocean carrier CMA CGM has notified its customers of an an Overweight Surcharge (OWS), effective from 1 October 2024 (based on the gate-in...

Industry Opinions

Container spot rates experience steepest decline in non-Covid year

Ioanna Kontos - October 2, 2024 0

"The Shanghai Containerized Freight Index (SCFI) fell another 10% in week 39. In total, the SCFI has dropped 43% during the third quarter, the...

Rates & Surcharges

Hapag-Lloyd updates Emergency Space Contigency Surcharge from North Europe to West Africa

Container News Team - October 2, 2024 0

German ocean carrier Hapag-Lloyd has announced an update on the Emergency Space Contingency Surcharge (ESC) for all container types implemented from 1 August. Effective from...

Rates & Surcharges

Divergence in reefer markets in wake of Gaza War

Container News Team - September 30, 2024 0

Reefer cargo to Middle Eastern destinations has seen a “negative spiral”, as a direct result of the Cape of Good Hope diversions with carriers...

Rates & Surcharges

Hapag-Lloyd increases rates from Indian Subcontinent and Middle East to US

Container News Team - September 27, 2024 0

German ocean carrier Hapag-Lloyd has announced a General Rate Increase (GRI) / General Rate Adjustment (GRA) from Indian Subcontinent and Middle East to the...

Rates & Surcharges

Maersk applies new PSS from West Coast North, Central and South America

Ioanna Kontos - September 27, 2024 0

Due to the increased demand, Danish box line Maersk will be implementing a Peak Season Surcharge (PSS) of US$800 per dry container. The surcharge will...

Most Visited - Newsletter

Market Analysis: Container rates on trades out of India continue to soften amid weakening demand

Container News Team - September 27, 2024 0

Container freight rates on the main trades out of India have continued to cool in September as the pace of exports slowed, according to...

Container shipping braces for rate collapse

Container News Team - September 26, 2024 0

Colossal levels of newbuilding, waning demand and a discontented and resentful customer base is a recipe for a run on rates that had been...

Industry Opinions

Ports preparing for USEC strike, carriers introducing surcharges

Container News Team - September 26, 2024 0

Less than five days remain before the ILA’s current contract expires and, most likely, a large-scale strike begins. The ILA and USMX have not met...

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Rates & Surcharges

Swire Shipping to implement GRI for for Europe, United Kingdom and South Africa to Pacific Islands

Maersk announced PSS for Far East Asia to Nepal and Indian ports

Neptune Pacific to implement general rate increase

Few new players retreat as transpacific rates crash

FBX slides as container rates cool across key trade lanes

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