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Tuesday, June 25, 2024
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GRIs fuel container spot prices, reverse the “post-Chinese New Year rate correction”

The Drewry World Container Index (WCI) reported a 16% increase touching US$3,159 stemming an 11-week phase of decline and stability, led primarily by the...

China backhaul costs mirror headhaul rate shifts

Rates on the Europe to Asia trades have mirrored headhaul trades with China’s import cargo paying more for carriage since the Red Sea crisis...

Weak demand puts paid to talk of empty box crisis

Fears that there is a looming empty repositioning crisis in Asia have subsided as weak demand and the continued growth in capacity have combined...

Stymied lines face several years of pain, says Drewry

“Snookered” shipping lines face up to four years of losses as weak demand, ordering and a lack of demolitions have led to overcapacity, low...

Back haul rates to China hit negative territory

Carriers are paying their customers to move freight from North and South Europe, the Middle East and other backhaul trades, according to Arcon Containers. Arcon...

Drewry’s WCI continues downward trend

Drewry’s composite World Container Index (WCI) decreased by 3.4% to US$1,680.73 per 40ft container this week, 84% below the peak of US$10,377 reached in...

Transpacific splashes green as world container index registers highest weekly gain since December 2020

The World Container Index by Drewry put up its best-ever show since December 2020 to end at US$1,761, registering an 11.7% gain, as head-haul...

Transpacific drive latches on to US$100 recovery in composite rates

A string of General Rate Increases (GRIs) for Freight All Kinds (FAK) rates, the added effect of the Canadian port strikes and the cutting...

Drewry’s GTO report: PSA remains at top, Chinese operators on the rise

Merge & Acquisition (M&A)-led growth strategies will propel leading regional terminal operators and container shipping lines into the global terminal operator rankings next year,...

Lowest ever tick on Transatlantic in 12 years, China-US trade rates ride strong to pull WCI above US$1,500

The Drewry World Container Index (WCI) pulled itself above US$1,500, once again owing to a good showing by the transpacific China-US head haul trade,...
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Box volumes on upward trend in Melbourne

Port of Melbourne handled 281,000 TEUs in May, representing a 10% increase compared to the same month in 2023. The Australian port reported that full...

Driving Digital Transformation in Insurance with eSignature API Integration

The insurance sector is witnessing a significant transformation, driven by escalating consumer demands for digital convenience and the necessity for efficient, secure operations. The...

How Truck Driver Fatigue Contributes to Highway Accidents: Solutions and Strategies

The National Library of Medicine reports that at least 13% of serious truck accidents in the US are associated with truck driver fatigue. Serious...

Container fire breaks out at Port of Antwerp-Bruges

Port of Antwerp-Bruges reported a container fire incident at MSC PSA European Terminal (MPET), quay 1742. On 24 June at 05:30 (local time), the Belgian port...