Global demand for ocean freight container shipping hit an all-time record in May amid soaring spot rates and severe port congestion. The 15.94 million TEUs...

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Hapag-Lloyd raises full-year earnings outlook after H1 results

Antonis Karamalegkos - July 10, 2024 0

German ocean carrier Hapag-Lloyd raises its earnings outlook for the current financial year after the announcement of its half year figures. Based on preliminary and...

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Maersk ship unscathed after Houthi attack

Container News Team - July 10, 2024 0

Maersk Line has confirmed that Houthi rebels have attacked another of its US-flagged ships. The 2007-built 6,648 TEU Maersk Sentosa was hit by missiles while...

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Maersk applies India peak season surcharge

Ioanna Kontos - July 9, 2024 0

Danish ocean carrier Maersk has introduced a Peak Season Surcharge (PSS), effective from 20 July, applied to 40 high reefer containers. Origin Destination Rate basis Container Rate Commodity India , INJHT Pakistan...

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Cargo ship sinks in Malaysia after ballast tank cracks

Container News Team - July 8, 2024 0

A general cargo ship sank near Tanjong Rhu, Malaysia, this morning (8 July), after a hole was detected in its ballast tank. All 10 crew...

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Palm oil spill in Malaysia’s Port Klang

Container News Team - July 8, 2024 0

Officials in Malaysia’s Selangor state are cleaning up an oil spill in Malaysia's Port Klang on 5 July, after a hose at a factory’s...

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CMA CGM announces peak season surcharges worldwide

Ioanna Kontos - July 8, 2024 0

Marseille-based box line CMA CGM has announced a Peak Season Surcharge (PSS) for shipments from all Middle East Gulf & Pakistan ports to South...

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Container port snarls now nearing Covid highs

Container News Team - July 5, 2024 0

Global container port congestion is now around 9 million TEU, close to the peak of 9.6 million TEU seen during the Covid-19 pandemic, according...

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US East Coast strike risk could mean more spikes in freight rates

Container News Team - July 4, 2024 0

There is a real risk of labour disruptions in US East Coast ports, given the breakdown in negotiations between the union and the terminals...

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MSC’s market share now at 20% as fleet nears 6 million TEUs

Container News Team - July 3, 2024 0

MSC now has a market share of 20%, as its aggressive newbuilding drive and ship purchases placed the largest liner operator’s fleet at just...

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Houthi failures lead to VHF harassment

Container News Team - July 3, 2024 0

Houthi attacks on shipping have been widespread and deadly but not always accurate, according to security firm Dryad Global, which reports a new tactic...

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