A rise in container capacity will halt the increase in freight on the major east-west trades according to Drewry’s latest tool, the Container Capacity Insight...

Rates & Surcharges

Maersk applies new PSS from Far East to East Coast South America

Ioanna Kontos - February 21, 2024 0

Maersk is adjusting Peak Season Surcharge (PSS) rates for selected routes effective March 1 to 31 March 2024, to ensure continued global service provision. The...

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

Ioanna Kontos - February 20, 2024 0

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,...

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CMA CGM introduces Red Sea contingency fee

Ioanna Kontos - February 19, 2024 0

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...

Rates & Surcharges

CMA CGM applies overweight surcharge from India to Africa

Ioanna Kontos - February 19, 2024 0

CMA CGM notified its customers of a new Overweight Surcharge (OWS) for shipments from India to West and South Africa ports. This surcharge applies immediately...

Industry Opinions

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

Container News Team - February 19, 2024 0

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

Rates & Surcharges

CMA CGM announces new PSS from Oman to North Europe, Med, Adriatic, Black Sea and North Africa

Ioanna Kontos - February 14, 2024 0

French shipping company CMA CGM has announced a Peak Season Surcharge (PSS) effective from 13 February 2024, for shipments from Oman's Salalah port to...

Rates & Surcharges

CMA CGM announces new rates from West Africa to Algeria

Ioanna Kontos - February 13, 2024 0

French container line CMA CGM has announced that the latest regulatory constraints for cargo destined for Algeria prohibit any option for transshipment or transit...

Rates & Surcharges

Maersk revises surcharge from India, Sri lanka, Bangladesh, Nepal, Maldives, Pakistan to UAE

Container News Team - February 13, 2024 0

Danish container shipping line Maersk is revising the peak season surcharge (PSS) from India, Sri Lanka, Bangladesh, Nepal, Maldives and Pakistan to United Arab...

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CMA CGM applies new overweight surcharges from India

Ioanna Kontos - February 8, 2024 0

Marseille-headquartered box line CMA CGM has announced a new overweight surcharge (OWS) effective from 7 February 2024 until further notice. The surcharge applies to cargo...

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Spot rates bottoming out, but contract rates to rise in tandem with costs

Container News Team - February 6, 2024 0

While spot container freight rates appear to have peaked, contract rates are expected to go up to reflect the increased costs of sailing round...

Industry Opinions

Red Sea Greens to Chinese New Year Blues: Where are container spot prices headed?

Container News Team - February 5, 2024 0

As the Chinese New Year Blues unfold, with the “Year of the Dragon” being celebrated from the 10th to the 15th of February, 2024,...

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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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