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Container spot indices stem weekly falls momentarility-but too early to say the bottom is found

The Shanghai Containerized Freight Index (SCFI) put a strong weekly reversal to end at 979 points, an appreciation of 5.1% on a weekly basis....

Smart container fleet to expand six-fold over the next five years

The global telematics enabled container equipment fleet is forecast to grow six-fold over the next five years and account for 30% of global box...

Worst June in years for spot rates as WCI breaches US$1,500

In what was the worst ever month of June since 2015, the latest quotes also saw the level of US$1,500 breached for the first...

Drewry’s WCI plunges as spot rates see another strong weekly dip

The Drewry World Container Index (WCI) has lost about 600 points since the New Year 2023, despite a neutral outlook on rates at the...

Biggest weekly dive for Drewry’s WCI in six months even as US West Coast congestion looms

The Drewry World Container Index took its largest ever weekly dive of 5.3% to end at US$1,592, its lowest in 36 months, as transpacific...

Seafarer labour market tightest on record

The 2023 officer availability gap has widened to a deficit equating to about 9% of the global pool, which represents a marked rise from...

Drewry’s World Container Index drops this week

Drewry’s composite World Container Index (WCI) decreased by 2% to US$1,685.32 per 40ft container this week. Source: Drewry World Container Index, Drewry Supply Chain AdvisorsThe...

Stable outlook on Drewry’s WCI as spot rates stuck in a range

It seems that the spot rates would be range-bound for a while! The Drewry’s World Container Index took just a 1% hit for the...

Drewry’s World Container Index snaps losing streak as Transpacific spot prices shoot up

The Drewry's World Container Index (WCI) snapped its losing streak, registering a 3.8% weekly uptick for the index on the back of strong price...

Subdued but strong March for Drewry’s container index as forecasts boom despite specific looms

The Drewry's World Container Index (WCI) ended just about 0.5% lower for the week at US$1,710, still looming below the Christmas-2019 mark, though not...
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Global IT outage disrupts operations at European box terminals

A global IT outage, caused by a software update from American cybersecurity technology company CrowdStrike, has prompted disruptions in several European container terminals, including...

Houthis fire projectiles at CMA CGM-operated ship

The Houthis have attacked a container vessel operated by French shipping company CMA CGM. The Maritime and Port Authority of Singapore (MPA) said that it...

Construction works commence at Long Beach Pier B On-Dock Rail Support Facility

U.S. Secretary of Transportation Pete Buttigieg and officials from across the United States attended a groundbreaking ceremony for “America’s Green Gateway,” the Pier B...

CMA CGM announces new Africa peak season surcharges

French ocean carrier CMA CGM has announced new peak season surcharges to Africa, effective from 1 August. The Marseille-based box line will apply a new...