In response to the escalating Red Sea crisis, Container xChange, an online container logistics platform, has released a comprehensive report detailing the far-reaching effects...

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Spot rates bottoming out, but contract rates to rise in tandem with costs

Container News Team - February 6, 2024 0

While spot container freight rates appear to have peaked, contract rates are expected to go up to reflect the increased costs of sailing round...

Industry Opinions

Suez Canal toll earnings set to continue falling, as vessels re-route around the Cape of Good Hope

Container News Team - February 6, 2024 0

As we enter into the third month of escalating conflict in Yemen that has prompted significant rerouting of vessels with far-reaching consequences for global...

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ONE introduces world’s first dual-temperature refrigerated container

Ioanna Kontos - February 6, 2024 0

Ocean Network Express (ONE) announced the introduction of the world's first trial for a dual-temperature refrigerated container featuring Controlled Atmosphere (CA) capabilities, developed in...

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Maersk commences new service between Middle East and Europe

Antonis Karamalegkos - February 6, 2024 0

Maersk will launch a new weekly service connecting the Middle East with Europe in mid-February. The new service, called ME8, will sail via the...

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CMA CGM halts Red Sea transits

Antonis Karamalegkos - February 6, 2024 0

French container shipping company CMA CGM informed its customers that as from 1 February 2024 and until further notice, all services initially routed via...

Industry Opinions

Red Sea Greens to Chinese New Year Blues: Where are container spot prices headed?

Container News Team - February 5, 2024 0

As the Chinese New Year Blues unfold, with the “Year of the Dragon” being celebrated from the 10th to the 15th of February, 2024,...

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Hapag-Lloyd announces new GRI from Asia to American destinations

Ioanna Kontos - February 5, 2024 0

Hapag-Lloyd has announced a new General Rate Increase (GRI) that is set to take effect for cargo shipments from Asia (excluding Japan) to Latin...

Industry Opinions

Red Sea crisis impact on box rates more rapid than Covid-19: Xeneta analysis

Ioanna Kontos - February 1, 2024 0

The Red Sea crisis has seen ocean freight rates increase faster than in the early months of the Covid-19 pandemic as swathes of shippers...

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CMA CGM applies new peak season surcharges worldwide

Ioanna Kontos - February 1, 2024 0

Marseille-headquartered container line CMA CGM has announced a new peak season surcharge (PSS) from North Europe, the Baltic, Scandinavia and Poland to Asia (including...

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Delay in negotiations cast doubt on HMM sale

Container News Team - January 31, 2024 0

Aspersions have been cast on the sale of HMM to the Harim Group-JKL Partners consortium after negotiations with the South Korean flagship carrier’s state-controlled...

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Box lines launch Red Sea services despite Houthi risks

Container News Team - January 30, 2024 0

Mainline operators which are still offering Red Sea services are configuring their routes to transit the troubled region. Hapag-Lloyd has launched an ad hoc Jeddah...

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