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CMA CGM introduces new US$500/TEU overweight surcharge

After MSC's decision to revise overweight surcharges for Indian export containers, CMA CGM has also announced a new surcharge of the same kind. Effective today...

Vessel utilisation remains low, reports Sea-Intelligence

Danish shipping data analysis company Sea-Intelligence reports that global demand continues to decline, and whether we calculate the growth in TEU*Miles or as an...

MSC revises overweight surcharges for Indian export cargo

Mediterranean Shipping Co. (MSC) has announced a new scale of overweight surcharges for Indian containers moving to Canada, Mexico, Central America and the Caribbean. The...

CMA CGM applies new overweight surcharge on Asia and India East Coast to Nigeria trade

French container carrier CMA CGM will implement a new overweight surcharge (OWS) concerning dry cargo from Asia and Indian east coast ports to the...

Box rates slip further on indices for 33rd consecutive week

The streak of red for ocean freight continues, with both the Drewry's World Container Index (WCI) and the Shanghai Containerized Freight Index (SCFI), losing...

Upcoming renegotiations of Asia-Europe contract rates to signal freight rates trends, said HSBC

British multinational banking and financial services organisation, HSBC brings forward its trough scenario for container shipping. HSBC lowered its demand estimations for 2023 and...

Global supply chain pressures ease as spot rates and indices dip

The Global Supply Chain Pressure Index (GSCPI) reported a level of 1.05, for September 2022, which is a mere quarter of the peak reported...

Drewry’s WCI loses three-fourth of pandemic gains despite record high US-Europe rates

The losses for the Drewry's World Container Index (WCI) keep stretching. The Index lost 8% to end at US$3,688.75 for the week, extending its...

CMA CGM announces new PSS from North Europe to Central America & Caribbean

CMA CGM has announced new peak season surcharges (PSS) from North Europe to Central America and the Caribbean that will be effective in November. The...

Indian exporters face new tax burden as freight rates moderate

Indian exporters – now relieved to see some moderation in sky-high freight rate levels amid slowing volumes – have a new cost burden to...

CMA CGM implements new reefer surcharge from USEC and Gulf to West Africa

French ocean carrier CMA CGM has announced a new peak season surcharge (PSS) from the United States East Coast (USEC) and Gulf to West...

CN analysis: India container freight rates continue to slide amid weakening demand

Container freight rates on trades out of India continue to taper off amid falling demand, according to a new market analysis by Container News. On...

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Port Newark adds new electric truck charging station

The Port Authority of New York and New Jersey has unveiled a new electric truck charging station at Port Newark. This is a significant...

China’s decision to merge the main shipyards reflects an attempt to maritime dominance

China’s recent decision to merge its two massive shipbuilding conglomerates, China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC), has quietly set...

CMA CGM reaches 4 Million TEU milestone

Based on Alphaliner's latest report, French container shipping powerhouse CMA CGM has officially crossed the 4 million TEU mark in operated capacity. This growth...

Global Ship Lease receives affirmed credit ratings and stable outlooks

Global Ship Lease announced that three major credit rating agencies have reaffirmed the company’s credit ratings and maintained stable outlooks. Moody’s Investors Service upheld its...

European carriers dominate global container shipping

In the ever-evolving landscape of global container shipping, European carriers continue to hold a commanding lead, despite fierce competition from Asia. According to the...
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