According to data compiled by the Japan Maritime Center (JMC) using information from Container Trades Statistics (CTS), container exports from Asia to Europe reached...

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Red Sea crisis milder than Covid-19, challenges to be seen in 2025

Container News Team - February 26, 2024 0

The impact of the Red Sea crisis is less severe than Covid-19, although the TEU-mile boost has been significant. Clarksons’ latest Container Intelligence Monthly stated...

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CMA CGM’s financials plunge amid stable container volumes

Antonis Karamalegkos - February 26, 2024 0

French ocean carrier CMA CGM reported revenues of US$47 billion in 2023, translating to a 36.9% decline compared with 2022 figures, EBITDA of US$9...

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Two dead, three missing after container ship hits bridge in Chinese port

Container News Team - February 22, 2024 0

Two people were killed and three others missing after a boxship hit a bridge in Guangzhou in the southern Chinese province of Guangdong this...

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Hapag-Lloyd introduces new rates from Indian Sub to North Europe

Ioanna Kontos - February 21, 2024 0

Hapag-Lloyd is implementing tariff rate adjustments for shipments from the Indian Subcontinent to North Europe. These adjustments will come into effect for sailings commencing on...

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Transpacific container trade bounces back in the beginning of 2024

Container News Team - February 20, 2024 0

Transpacific eastbound box volumes have rebounded by 16.9% in January 2024 and full-year volumes are expected to record positive growth again after falling by...

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SeaLead, Blue Water Line introduce new Gulf India Express service

Antonis Karamalegkos - February 20, 2024 0

SeaLead and Blue Water Line, an Abrao Group Company, will launch a new container service, the Gulf India Express (GIX), aiming to enhance the...

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CMA CGM applies new surcharges from Europe to India, Middle East Gulf and Red Sea

Ioanna Kontos - February 20, 2024 0

French ocean carrier CMA CGM announced that it will implement the following peak season surcharges, effective from 1 March. For dry cargo from North Europe,...

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CMA CGM introduces Red Sea contingency fee

Ioanna Kontos - February 19, 2024 0

Marseille-headquartered box line CMA CGM will implement a contingency charge from 1 March due to the additional expenses caused by rerouting services via the...

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WEC Lines enhances its reefer container fleet

Container News Team - February 19, 2024 0

WEC Lines has decided to enter the refrigerated container market by adding 45ft reefer boxes to its container fleet. The company has added the first...

Industry Opinions

Red Sea Crisis: Spiralling ocean freight rates from Far East to US may have peaked

Container News Team - February 19, 2024 0

The Red Sea crisis sent ocean freight rates from the Far East to the US spiralling by more than 150%, but there appears to...

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Wan Hai and ONE launch joint service to link Asia with US West Coast

Antonis Karamalegkos - February 16, 2024 0

Taiwan's ocean carrier Wan Hai Lines has announced the revamp of its Asia-Pacific Service (AP1), to enhance its current network on the United States...

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