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Transatlantic rates tumble even as transpacific rates rumble with WCI officially below all post-pandemic quotes

A 25% tumble in the transatlantic rates, Rotterdam to New York at US$2,003, awarded the Drewry World Container Index with its lowest ever level...

Unleashing the Digital Revolution: Navigating the Future of Maritime Trade

The maritime trade industry is on the verge of a technological revolution that is fundamentally reshaping its operations. As digitalization takes hold, a new...

CMA CGM revises port congestion surcharges in Turkish port

As operational challenges continue at the port of Mersin, CMA CGM has decided to revise port congestion surcharges (PCS) at the Turkish port. French ocean...

Collision in Ukraine between bulk carrier and general cargo ship

Bulk carrier Klc Erciyes struck portside of berthed general cargo ship Jasmin Queen while maneuvering to berth at Izmail port in Ukraine on 1...

COSCO financial figures plunge in 2023

COSCO Shipping Holdings estimates that it suffered significant decreases in profit in the first half of 2023, compared with the same period last year. According...

MPC Container Ships sells last two joint venture-owned ships

Norwegian container tonnage provider MPC Container Ships ASA (MPCC) announced the sale of two joint venture-owned vessels, Cimbria and Cardonia, for US$42.5 million. The vessels,...

HHLA TK Estonia and FERNRIDE proceed with autonomous driving project

HHLA TK Estonia and FERNRIDE have successfully completed the first phase of their joint project at the Estonian terminal. Next, the two companies will continue...

MPA Singapore and Lloyd’s Register MDH sign decarbonisation agreement

The Maritime and Port Authority of Singapore (MPA Singapore) and Lloyd’s Register Maritime Decarbonisation Hub (LR MDH) have signed a Memorandum of Understanding (MoU)...

AD Ports Logistics and Acino sign freight forwarding deal

AD Ports Logistics (ADPL), a subsidiary of AD Ports Group, and Acino, a Swiss pharmaceutical company that develops and manufactures medicines, have signed an...

Two on duty security personnel died at Chittagong port yards

Two on-duty security personnel died in Chittagong port this week, one being hit by a straddle carrier while the other died after feeling ill. Of...

SCFI rises for first time in four weeks

Shanghai Shipping Exchange (SSE) reported that the composite Shanghai Containerized Freight Index (SCFI) closed at 953.6 points in Week 26. More specifically, rising 3.2% from...

Evergreen, PIL, CULines and RCL launch revamped intra-Asia service

Pacific International Lines (PIL), Regional Container Lines (RCL), China United Lines (CUL) and Evergreen Marine Corp (EMC) launched a revamped weekly direct service connecting...

Latest Posts

ABB and Royal Caribbean Group sign 15-year fleet service agreement

ABB has signed a 15-year fleet-wide service agreement with Royal Caribbean Group, expanding a decades-long partnership and reinforcing ABB’s role in advancing maritime performance...

How to Use a Freight Shipping Calculator Effectively

Today, the process of shipping is way more complicated than moving items from one place to another. Seeking the best possible routes and transport...

Imabari Shipbuilding delivers new ship

On July 1st, Imabari Shipbuilding marked another step forward in sustainable shipping, delivering a new vessel named ANGELITE ACE. Built by Tadotsu Shipyard Co., Ltd.,...

Temporary truce in the trade war

Maritime transport accounts for over 90% of global trade. Shipping is closely tied to the global geopolitical situation, which is currently driven in large...

Deltamarin works with Maersk, class societies on ammonia-powered boxship design

Finnish ship designer Deltamarin, a subsidiary of Chinese shipbuilder AVIC Weihai, has designed a 3,500 TEU ammonia-powered ship. Deltamarin teamed with Maersk Line, Maersk Mc-Kinney Moller...
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