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Trade lane competition set to feature in 2021

Shippers should prepare themselves for greater competition between trade lanes in 2021, as global carriers capitalise on having the upper hand in upcoming contract...

KOBC ups box leasing to HMM as shortages drag into 2021

State-backed ship financing institution Korea Ocean Business Corporation (KOBC) has agreed to a third round of container leases with the country’s flagship liner operator,...

Rail comes into sharp focus with the rise in the cost of seafreight

The reallocation of freight flows between modes of transport in the first three quarters of 2020 led to an increase in the importance of...

Pandemic shrinks Latin American economies to 30-year low

Latin America’s economy has been set back almost 30 years as a consequence of the rapid contraction of economic activity resulting from the Covid-19...

Covid-19 and China demand sends ripples across global reefer trades

Demand for reefer equipment has been caused by a substantial demand increase in China where production for certain foods has crashed, causing a 40%...

US buying frenzy a contrast to European market serenity

In a typically English and understated way, one analyst thinks the US import market behaviour is “odd”, while another observer said, “we’re in unprecedented...

Covid-19 hits COSCO Ship Holdings & CIMC earnings

Domestic volumes were hit the hardest and weak demand was also a factor as COSCO Ship Holdings and China International Marine Containers both posted...

Savvy lines act to protect cash flow

Shipping lines have learned the lessons of the substantial fall in demand experienced during the financial crisis in 2008/9 and have managed capacity in...
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Port of Trelleborg proceeds with expansion project

Nearly 50,000 m² have now been paved by Skanska in the new eastern section of the Port of Trelleborg. This asphalting project is part...

Shifts in Container Rankings: ZIM surpasses Yang Ming, CMA CGM set to overtake Maersk

MSC and ZIM Line are the fastest-growing mainline operators, according to the latest Alphaliner’s report. MSC’s fleet has now crossed the 6 million TEU mark,...

Container ship fleet sees fastest growth in 15 years

Since the beginning of the year, the capacity of the container ship fleet has increased by 1.6 million TEUs. "Compared to one year ago, the...

CMA CGM applies peak season surcharge in Gabon

CMA CGM has announced the implementation of a Peak Season Surcharge (PSS) from the port of Libreville in Gabon. Effective from 15 August 2024 (loading...