Shippers should prepare themselves for greater competition between trade lanes in 2021, as global carriers capitalise on having the upper hand in upcoming contract...
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,...
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...
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...
Domestic volumes were hit the hardest and weak demand was also a factor as COSCO Ship Holdings and China International Marine Containers both posted...
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...
Ocean rates from Asia to Europe and the Mediterranean increased last week, with prices of US$5,300/FEU to Europe approaching levels in the lead-up to...
German ocean carrier Hapag-Lloyd has announced that a General Rate Increase (GRI)/General Rate Adjustment (GRA) will be introduced for shipments from the Indian Subcontinent...
South Korea's government will invest 14 trillion won (around US$10 billion) in Busan Port upgrades through 2045, aiming to achieve the world's largest container...