Marseille-headquartered container line CMA CGM has announced the revision of the peak season surcharge (PSS) from the Mediterranean to Canada's East Coast. The new surcharge...

Port News

Valencia Containerised Freight Index continues downward trend

Container News Team - January 14, 2023 0

The Valencia Containerised Freight Index (VCFI) ended 2022 with a 13.10% drop in December compared to November. The Port Authority of Valencia (PAV) noted that...

Rates & Surcharges

SCFI crumbles to 30-month low, nears pre-pandemic levels

Container News Team - January 13, 2023 0

The Shanghai Containerized Freight Index (SCFI) took a 2% tumble to settle at US$1,031.42, its lowest-ever quote since July 2020, settling just a tad...

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Container spot rates end 43-week falling streak

Container News Team - January 5, 2023 0

The Drewry’s World Container Index finally shot green in its first-ever quote for 2023, ending at US$2,135, recording an appreciation of 0.7%, after having...

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Chinese export container rates drop despite normal CNY cargo rush

Container News Team - January 4, 2023 0

An unusual drop in prices was observed in Chinese container exports, according to chief shipping analyst at BIMCO, Niels Rasmussen, who noted that box...

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Transpacific ocean rates return to 2019 levels

Container News Team - January 3, 2023 0

The pandemic-driven surge in demand for ocean imports catapulted global freight – and rates – to new levels of infamy in 2021 and 2022. According...

Port News

Port Houston announces daily fee for import containers to reduce long-term dwell

Container News Team - January 2, 2023 0

Port of Houston has decided to implement a Sustained Import Dwell Fee that is expected to go into effect on 1 February. With this new...

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Atlantic spot rates about to collapse: Sea-Intelligence

Container News Team - December 16, 2022 0

While freight rates have been dropping consistently on most trades, they have remained at high levels on the Transatlantic due to capacity issues. However, according...

Rates & Surcharges

CMA CGM revises peak season surcharge from Europe to North America

Container News Team - December 6, 2022 0

Marseille-headquartered container line CMA CGM has announced the revision of its peak season surcharge (PSS) from Europe to US Gulf, US East Coast and...

Rates & Surcharges

CMA CGM revises peak season surcharges from Mediterranean

Container News Team - November 28, 2022 0

Marseille-headquartered container line CMA CGM has announced the revision of the peak season surcharge (PSS) from the Mediterranean to the US Gulf and Mexico...

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CN analysis: Freight rates on Indian trades hit new lows amid weakening demand

Container News Team - November 28, 2022 0

Container freight rates on major trades out of India have hit new lows in November amid falling cargo volumes, according to the latest market...

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Box rates could deteriorate to pre-Covid levels in December

Container News Team - November 25, 2022 0

Further slides in the Shanghai Containerized Freight Index (SCFI) are continuing, and it is expected that in December, freight levels will be at pre-pandemic...

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Rates & Surcharges

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