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Global spot rates soar on Major Asia-Europe and Asia-US trades

A combination of factors have combined to send global spot rates reaching for the skies on the major trades out of Asia to Europe and...

Red Sea bounce gives carriers bottom line boost

Container shipping, it appears, loves a crisis. With the pandemic supercharging carrier incomes, the latest dip has been abruptly halted by the Red Sea...

Stolt-Nielsen to pay MSC US$290 million to settle MSC Flaminia claim

Norwegian chemical shipping group Stolt-Nielsen will pay US$290 million to MSC to settle claims resulting from the fatal explosion that claimed the lives of...

Box lines’ first-quarter margins the best since 2010, bar Covid-boom

Liner operators' operating margins for 1Q 2024 have reached the highest since 2010, excluding the period during the Covid-induced boom, according to Alphaliner’s report. Average...

MSC revises rotation of Asia – North Europe service

MSC has decided to revise the rotation of its Swan service, connecting Asia with North Europe and Scan Baltic regions. The rotation will now include...