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U.S. container imports have fallen back to pre-pandemic levels

The import volume of containerized goods in the United States has declined for several consecutive months, and it has fallen to the level close to the level before the epidemic in December 2022. It is expected that the shipping industry may face a further decline in container import volume in 202... Read More

$30,000/box! Shipping company: adjust Compensation for Breach of Agreement

ONE announced a few days ago that in order to provide reliable and safe transportation services, the Compensation for Breach of Agreement has been adjusted, which is applicable to all routes and will take effect on January 1, 2023. According to the announcement, for the goods that conceal, omit o... Read More

Suez Canal Blocked Again

The Suez Canal, which connects the Mediterranean Sea and the Indian Ocean, has once again stranded a freighter! The Suez Canal Authority said on Monday (9th) that a cargo ship carrying Ukrainian grain ran aground in Egypt’s Suez Canal on the 9th, temporarily disrupting traffic in the waterw... Read More

There may be no peak season in 2023, and the surge in demand may be delayed until before the 2024 Chinese New Year

According to the Drewry WCI Index, the container spot freight rate from Asia to Northern Europe rose by 10% compared with before Christmas, reaching US$1,874/TEU. However, export demand to Europe is much lower than usual ahead of the Chinese New Year on January 22, and freight rates are expected ... Read More

149 voyages suspended!

Global transportation demand continues to decline, and shipping companies continue to suspend shipping in large areas to reduce shipping capacity. It was previously reported that only one of the 11 ships in the Asia-Europe route of the 2M Alliance is currently operating, and the “ghost ship... Read More

Slumping demand, Big Shutdown!

The slump in global transport demand continues due to weak demand, forcing shipping companies including Maersk and MSC to continue cutting capacity. The spate of blanked sailings from Asia to northern Europe has led some shipping lines to operate “ghost ships” on trade routes. Alphali... Read More

The volume of cargo remains high, this port charges container detention fees

Due to the high volume of cargo, the Port of Houston (Houston) in the United States will charge overtime detention fees for containers at its container terminals from February 1, 2023. A report from the Port of Houston in the United States pointed out that container throughput increased strongly ... Read More

The world’s largest container terminal operator or change of owner?

According to Reuters, PSA International Port Group, wholly owned by Singapore’s sovereign fund Temasek, is considering selling its 20% stake in the port business of CK Hutchison Holdings Limited (“CK Hutchison”, 0001.HK). PSA has been the number one container terminal operator i... Read More

5.7 billion Euros! MSC completes acquisition of a logistics company

MSC Group has confirmed that its wholly-owned subsidiary SAS Shipping Agencies Services has completed the acquisition of Bolloré Africa Logistics. MSC said the deal has been approved by all regulators. So far, MSC, the world’s largest container liner company, has acquired the ownership of t... Read More

Rotterdam port operations disrupted, Maersk announces emergency plan

The Port of Rotterdam remains heavily impacted by disruptions in operations due to ongoing strikes at several terminals in Dutch ports due to ongoing collective labor agreement (CLA) negotiations between unions and terminals at Hutchinson Delta II and Maasvlakte II. Maersk stated in a recent cust... Read More

Three shippers complained to FMC: MSC, the world’s largest liner company, charged unreasonably

Three shippers have filed complaints with the U.S. Federal Maritime Commission (FMC) against MSC, the world’s largest liner company, citing unfair charges and insufficient container transit time, among others. MVM Logistics was the first shipper to file three complaints dating from August 2... Read More

Freight rate increase? Shipping company: Increase freight rates in Southeast Asia on December 15

A few days ago, Orient Overseas OOCL issued a notice saying that the freight rate of goods exported from mainland China to Southeast Asia (Thailand, Vietnam, Singapore, Malaysia, Indonesia) will be increased on the original basis: from December 15th to Southeast Asia, 20-foot common container $10... Read More
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