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Lars Jensen: Container market set to be “drastically different” in 2023

The Baltic Exchange, in collaboration with Freightos, and Vespucci Maritime, have released their container shipping report for January. Their opinion is that in 2023, container...

Transpacific ocean rates return to 2019 levels

The pandemic-driven surge in demand for ocean imports catapulted global freight – and rates – to new levels of infamy in 2021 and 2022. According...

Desperate shippers swallow contract rates at double 2020 Levels

Early indications from the annual contract negotiations being closed between beneficial cargo owners and carriers point to shippers paying up to three times as...

FMC Turns Up the Heat on Container Lines for Rejecting Agro Exports

The Federal Maritime Commission (FMC) has threatened to use all of its possible powers to overturn international carriers' decision to drop agricultural exports in...

China/USEC rates break through US$4,000 barrier

The widely forecast US$4,000/FEU box between China and US east coast ports has landed as soaring demand from US consumers meets clever supply-side management...

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...

Chinese factories see September orders slow

Surveys conducted by US based freight forwarders are showing that factories in China could be experiencing a slow in orders that will hit the...

Foolhardy forecasts and trading places

Even as some 21 states postpone the roll back on plans to ease their lockdown regimes and the International Maritime Fund (IMF) has revised...

Resilient Maersk reports higher earnings in face of economic headwinds

Remarkably AP Møller - Mærsk A/S (APMM) has said that it expects to have a higher second quarter income than it achieved in the...

Spot rates push upward as cargo demand increases

Rates out of China on the two major trades to Europe and the US have seen a surge in spot rates over the last...
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India vows to emerge as shipbuilding power through external partnerships

India's shipbuilding sector is experiencing a strategic transformation, driven by a convergence of geopolitical motives, national industrial goals, and ambitious maritime visions. Under Prime Minister...

Sierra Leone’s Freetown Port prepares for digital transformation

A needs assessment mission conducted in Sierra Leone from 26 to 30 May has laid the groundwork for the introduction of a Maritime Single...

APM Terminals Lázaro Cárdenas receives six new electric cranes

APM Terminals Lázaro Cárdenas has received six cutting-edge electric automated rail-mounted gantry cranes, marking a significant step forward in modernizing Mexico’s logistics infrastructure. These cranes...

Crew evacuated after fire on Zodiac car carrier

Fire broke out on a Zodiac Maritime-managed car carrier off Alaska on 3 June. All 22 crewmen on the 2006-built, 4,902 CEU Morning Midas...
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