With the exception of trades to the United States, container carriers operating out of India have mostly seen steady freight rate trends this month,...

Rates & Surcharges

CMA CGM announces new congestion surcharges in Algeria and Turkiye

Antonis Karamalegkos - June 27, 2023 0

CMA CGM has announced new port congestion surcharges (PCS) in Turkiye and Algeria due to continuing delays in between congestion/waiting time plus berth time...

Rates & Surcharges

FBX sinks to pre-pandemic levels, SCFI roughens up

Container News Team - June 26, 2023 0

The Freightos Baltic Index (FBX) sunk to US$1,297 breaching the psychological mark of US$1,300 on the downside as per the latest quote on 23...

Rates & Surcharges

Drewry’s WCI plunges as spot rates see another strong weekly dip

Container News Team - June 22, 2023 0

The Drewry World Container Index (WCI) has lost about 600 points since the New Year 2023, despite a neutral outlook on rates at the...

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US West Coast port deal eases strike tensions as SCFI and FBX indices follow WCI

Container News Team - June 19, 2023 0

The closure of the past week saw two strings of activities on either side of the globe. The US West Coast Port union strike...

Rates & Surcharges

Biggest weekly dive for Drewry’s WCI in six months even as US West Coast congestion looms

Container News Team - June 15, 2023 0

The Drewry World Container Index took its largest ever weekly dive of 5.3% to end at US$1,592, its lowest in 36 months, as transpacific...

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CMA CGM applies overweight fee from India to Europe

Container News Team - June 14, 2023 0

CMA CGM has decided to implement a new overweight surcharge (OWS) from the North West Coast of India to Scandinavia, Poland & Baltic, North...

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HMM increases container rates from India to US and Canada

Container News Team - June 13, 2023 0

HMM has announced a new general rate increase (GRI) from India to the United States and Canada. The South Korean ocean carrier has decided to increase...

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SCFI drops again as Transpacific overcapacity overrides labour disruptions, Panama Canal limits

Container News Team - June 13, 2023 0

The Shanghai Containerised Freight Index (SCFI) slipped again on 9 June as weak utilisation on the Transpacific saw liner operators cutting rates on both...

Industry Opinions

Range-bound composite indices, US-China rates spike as transatlantic rates drop

Ioanna Kontos - June 9, 2023 0

A string of General Rate Increases (GRI) starting in March-April hasn't helped the container spot rates. The Shanghai Composite Index which had a momentary upside...

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Maersk joins India-US GRI push amid continuing demand challenges

Container News Team - June 2, 2023 0

Maersk is the latest carrier to attempt a general rate increase (GRI) on containerised trade from India to the United States. From 25 June, the...

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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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