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Hapag-Lloyd increases box rates from Middle East and Indian Subcontinent to North America

Hapag-Lloyd has announced a new general rate increase (GRI) / general rate adjustment (GRA) from the Middle East and Indian Subcontinent to North America. The...

Drewry’s World Container Index drops this week

Drewry’s composite World Container Index (WCI) decreased by 2% to US$1,685.32 per 40ft container this week. Source: Drewry World Container Index, Drewry Supply Chain AdvisorsThe...

Container spot rates remain high despite weaker supply/demand balance

In this week’s “Shipping Number of the Week” from BIMCO, chief shipping analyst, Niels Rasmussen, looks at the fact that despite a 70-80% fall...

CMA CGM revises PSS from Indian Subcontinent, Middle East, Red Sea & Egypt to USEC & US Gulf

French ocean carrier CMA CGM has announced the revision of a peak season surcharge (PSS) from the Indian Subcontinent, Middle East Gulf, Red Sea...

Box lines’ GRI attempt fails thrice

Hopes of a rebound in freight levels continue to wane as mainline operators fail to implement general rate increases (GRIs) for 1 June, marking...

CN analysis: Container freight rates continue to slide on most Indian trades

There seems to be no real let-up in the rate slide seen on most of the trade routes out of India as trade volume...

VCFI finished 2022 down 11.3% 

The Valencia Containerised Freight Index (VCFI), which measures the trend and evolution of container transport costs by sea from the Port of Valencia, ended...

CMA CGM to apply scanning fee in Congo

CMA CGM has announced that it will implement a scanning fee at the Pointe Noire Port in Congo and the final destinations on the...

Stable outlook on Drewry’s WCI as spot rates stuck in a range

It seems that the spot rates would be range-bound for a while! The Drewry’s World Container Index took just a 1% hit for the...

CMA CGM revises congestion surcharge at Turkish ports

Considering the operational circumstances in Iskenderun and Mersin in Turkiye, CMA CGM has announced there will be an update in the Port Congestion Surcharge...

Global Freight Monitor: Container freight rates hit a speed bump

The Shanghai Containerised Freight Index (SCFI) turned negative following four weeks of stable or rising rates: SCFI dropped 3.6% week over week after four...

CMA CGM announces extra risk coverage surcharge in Sudan

CMA CGM will implement an extra risk coverage surcharge for several sailings at the destination of Sudan, considering the current situation in the country. The...

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Chittagong’s largest box terminal now operated by Bangladesh Navy

Amid severe protests against a move to handing over operational task of Chittagong’s largest terminal, the New-mooring Container Terminal (NCT), to Dubai-based DP World,...

Container truck loses balance amid Typhoon Danas

A container truck driver escaped unhurt after his vehicle fell on its side amid strong winds resulting from Typhoon Danas today (7 July). ...

Sea-Intelligence reports increase in global schedule reliability

Sea-Intelligence has published issue 166 of the Global Liner Performance (GLP) report, with schedule reliability figures up to and including May 2025. As the 120-page...

HD Hyundai expands global tie-up with Cochin Shipyard

HD Hyundai, South Korea’s largest shipbuilding group, is teaming with India's largest state-owned shipbuilder, Cochin Shipyard, to enter the South Asian country’s nascent shipbuilding industry. ...

Cavotec secures €5 million MoorMaster deal

Cavotec has landed a €5 million contract to supply its cutting-edge MoorMaster® automated vacuum mooring system to a container terminal in Morocco. This is...
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