#Air Cargo

Shipping Giant Maersk Warns Red Sea Disruptions Could Continue Into 2025

Amid a lack of signs of easing the tensions in the Red Sea and the Suez Canal, disruptions to global shipping in the area could last into next year, the chief execut...

Uncertainty Looms Over Long-Term Container Freight Rates

Ocean carriers are walking a tightrope between risk and reward in new long-term contract negotiations, as uncertainty in the Red Sea continues to cast a shadow over...

Hapag-Lloyd introduces first dry container tracking tool

German ocean carrier Hapag-Lloyd has announced the launch of “Live Position”, its first dry container tracking product. The Hamburg-based company said...

MSC begins new shuttle service between Asia and Mexico

MSC announced the launch of a new loop shuttle service, linking Asia and the West Coast of Mexico. This new service is expected to enhance MSC’s network by...

ZIM overtakes Yang Ming in global liner rankings

Israeli ocean carrier ZIM received the 15,248 TEU container ship ZIM Mount Vinson on 3 April, the last unit in the series of 10 same-size vessels built by Samsung H....

Red Sea crisis forces operators to use more container ships, adding to emission concerns

The shipping industry's pledge to limit its carbon footprint may suffer a setback as the current Red Sea crisis prompts it to use more vessels and take longer ro...

Intermodal container

Intermodal container An intermodal container, often called a shipping container, or cargo container, (or simply “container”) is a large metal crate de...

Port of Los Angeles Reports Another Busy Month for Cargo Volumes

The Port of Los Angeles reported its ninth consecutive month of year-on-year growth, handling 770,337 container units in April 2024. This marks a 12% increase from t...

Maersk sets new bar with shipping’s first climate target validation

AP Moller-Maersk has achieved another industry first, having validated its decarbonisation targets to be in line with the Paris Agreement’s goal to hold the gl...

Container Prices Double, Leasing Rates Triple in China

The average container prices in China have reached their highest in two years, at US$3,600 this week for 40 ft high cube cargo-worthy containers in China. These p...

CMA CGM faces Polynesian hurdle in its pursuit of Bolloré Logistics

French liner CMA CGM has fallen foul of competition authorities in Polynesia in its bid to take over Bolloré Logistics. The Polynesian Competition Authorit...

Maersk Shares Hammered as Red Sea Boost Masks Overcapacity

A.P. Moller-Maersk A/S shares plunged after the shipping company said it expects renewed gloom in the industry later this year when the current boost to freight rate...

Suez Canal Diversions Pile Pressure on Egypt’s Economy

A sharp downturn in revenue after sea attacks by Yemen’s Houthis diverted away shipping away from the Suez Canal has struck a painful new blow to Egypt’s...

Number of ships waiting for Panama transit slashed in half

The queue of ships waiting at both ends of the Panama Canal stands at just half the historical average since the waterway expanded back in 2016, highlighting the dra...

CMA CGM hit by scheduling chaos as attacks disrupt Red Sea shipping

CMA CGM, the world’s third-biggest container shipping group, said some of its vessels were continuing to go through the Suez Canal but warned of scheduling c...