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MABUX bunker index – 18 March

Veritas Pertoleum Services (VPS) has issued 15 bunker alerts since the sulphur cap was introduced on 1 January this year, surprisingly of those alerts...

Newbuildings take the stage

Overcapacity in the shipyards has seen the market develop in favour of the buyer with the latest deals, including OOCL’s five vessel order for...

Hapag-Lloyd announces new GRI from East Asia

Hapag-Lloyd will implement the following General Rate Increase (GRI) in the eastbound trade from East Asia to all USA and Canada destinations as of...

MABUX daily bunker index – 9 March

Crude oil prices have fallen by as much as 10% as the meeting of the Oil Producing and Exporting Countries (OPEC) failed to agree...

The daily Mabux Bunker index – 5 March

A European Commission (EC) proposal to enshrine the EU’s climate goals into law was announced on 4 March, the law will commit Europe to...

Booking platform offers Evergreen’s customers benefits

GreenX, the new booking platform developed by Taiwan’s Evergreen Line, will offer guaranteed space on board its vessels, so no roll-over cargo and a...

Daily container freight Index launched by Baltic and Freightos

Spot ocean rates will be tracked in real-time for the first time following the launch of the Freightos Baltic Index (FBX) by the Baltic...

Vietnam attracts more containers amid US-China trade war

Amid the US-China trade war, Vietnam has benefited the most. As manufacturers shift some production from China to Vietnam, intra-Asia liner operators have been...

VSFLO price decline gathers pace

The decline in the cost of VSLFO has intensified with the approach of the Lunar New Year in China and pressure on the price...

ICTSI wins top ASEAN logistics plum in a row

For the second straight year, International Container Terminal Services, Inc. (ICTSI) was recognized for its outstanding performance and promoting greater regional inclusivity in the...

China-US container traffic slumps

Containerized exports to the U.S. from 10 major countries and regions in Asia plunged 16.3% from a year earlier to a total of 1,302,275...

Maersk increases rates from India to East Africa

Maersk is announcing an increase in FAK rates (Freight All Kinds). Below are the FAK rates for a sample list of corridors, commodities and...
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High speed and compromised manoeuvring caused Milano Bridge accident

The container ship Milano Bridge had failed to slow down as it attempted to berth in Busan New Port on 6 April 2020, causing...

Yang Ming constructs new smart container vessels

Yang Ming has unveiled that its ten 2,800TEU container vessels, currently being constructed by CSBC, will receive Smart Ship notations from international classification societies. Starting...

Milano Bridge hits Port of Busan gantry crane

The 13,870TEU container ship Milano Bridge, owned by Mi Das Line SA has collided with a gantry crane at Busan Port, South Korea, which...

PIL admits to financial stress

Pacific International Lines (PIL) boss Teo Siong Seng has admitted on 23 March 2020 that the company is in talks with several creditors, including...

Profits for Wan Hai, loss for Evergreen

Taiwanese carriers Wan Hai Lines and Evergreen Marine Corporation had different results for the first quarter of 2020, which saw liner operators hit by...