The Export-Import Bank of Korea's (KEXIM) Economic Research Institute has published a report stating that while container freight rates have come down from the...

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Market Analysis: Big Four near 60% of global container capacity

Antonis Karamalegkos - October 2, 2024 0

The four largest container shipping companies collectively control 57.5% of global container capacity, with over 17.5 million TEUs. In fact, their dominance is so...

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Red Sea crisis could lead to overcapacity in Egyptian ports

Container News Team - October 2, 2024 0

With many container terminals opening in Egypt in recent years, there could be overcapacity if the Red Sea crisis continues and mainline operators shy...

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Container ship fleet now at 30 million TEUs

Container News Team - October 1, 2024 0

Fuelled by the newbuilding boom during the Covid-19-induced peak, the world container ship fleet reached 30 million TEUs in September, according to a report...

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Gemini partners top schedule reliability rankings

Ioanna Kontos - September 30, 2024 0

Danish maritime data analysis company Sea-Intelligence has examined schedule reliability data up to August 2024. In August 2024, global schedule reliability improved slightly by 0.7%...

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Condition of Ukrainian Ports 30 Months After the Russian Invasion

Alexandros Itimoudis - September 30, 2024 0

Ukraine’s maritime trade has been profoundly affected by the Russian invasion, transitioning from a competitive regional player to one facing near-total disruption of its...

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Port Houston on track for container record year

Container News Team - September 30, 2024 0

Port Houston handled 367,653 TEUs in August, representing a 20% year-on-year growth. Over the first eight months of the year, the US port has...

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Market Analysis: Container rates on trades out of India continue to soften amid weakening demand

Container News Team - September 27, 2024 0

Container freight rates on the main trades out of India have continued to cool in September as the pace of exports slowed, according to...

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USEC strike to paralyze global shipping industry: One-day strike would take five days to clear

Antonis Karamalegkos - September 26, 2024 0

The potential strike on all United States East Coast and Gulf ports is expected to cause severe disruptions in the global supply chain, creating...

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Hapag-Lloyd announces rotation update on South America East Coast Service

Antonis Karamalegkos - September 26, 2024 0

German ocean carrier Hapag-Lloyd has announced changes to its South America East Coast (SEC) Service. Starting on 27 September, Hapag-Lloyd's SEC service port rotation will...

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Container shipping braces for rate collapse

Container News Team - September 26, 2024 0

Colossal levels of newbuilding, waning demand and a discontented and resentful customer base is a recipe for a run on rates that had been...

Industry Opinions

Ports preparing for USEC strike, carriers introducing surcharges

Container News Team - September 26, 2024 0

Less than five days remain before the ILA’s current contract expires and, most likely, a large-scale strike begins. The ILA and USMX have not met...

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Capacity overload expected to send spot rates crashing

Maersk updates AE5 service route amid European Congestion

Heidmar enters container shipping

Sea-Intelligence reports increase in global schedule reliability

Hai An launches new service to Lianyungang Port

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