#Bali
Drewry’s World Container Index Drops This Week
Drewry’s composite World Container Index (WCI) decreased by 2% to US$1,685.32 per 40ft container this week. Source: Drewry World Container Index, Drewry...
Container Spot Rates Remain High Despite Weaker Supply/Demand Balance
In this week’s “Shipping Number of the Week” from BIMCO, chief shipping analyst, Niels Rasmussen, looks at the fact that despite a 70-80% fall in f...
Container Shipping Industry Faces Unprecedented Slump in Long-Term Rates
The container shipping industry experienced a significant downturn in global long-term freight rates during the month of May, as the contracted cost of shipping cont...
CMA CGM Air Cargo discontinues US service
CMA CGM Air Cargo, the fledgling freighter venture of the French shipping line by the same name, has pulled out of the U.S. market again and redeployed aircraft to A...
Yang Ming orders five 15,500 TEU LNG dual-fuel vessels
Yang Ming and Hyundai Heavy Industries (HHI) have reached a shipbuilding deal for five 15,500 TEU LNG dual-fuel container ships. These new vessels will be deliver...
Shipping line Zim gets hammered by high spot-rate exposure
Zim, the world’s 10th-largest container line operator, has sunk into the red as its boom-era contract coverage has crumbled under the weight of falling spot ra...
Ocean freight rates plummet from peaks across European export trades, but main plot fails to reveal full story
The cost of shipping containers out of Europe has plummeted from the peak prices of 2021 and 2022, with spot rates on the main corridors down by close to 70%. Howeve...
Container rate war ‘plain as daylight’
Container carriers are embarking on a rates war, according to one leading analyst, while other experts contacted by Splash remain circumspect to label today’s...
CMA CGM, Bolloré Logistics close to US$5.5 takeover deal
French shipping group CMA CGM has agreed to acquire 100% of Bolloré Logistics for €5 billion (around US$5.5 billion), after exclusive negotiations betwee...
Shipping stock sell-off: Shares down double digits since March
Look at virtually any stock chart in any ocean shipping sector and you’ll see a similar pattern. Sometime around late February or early March, shares hit a hig...
Global Freight Monitor: Container freight rates hit a speed bump
The Shanghai Containerised Freight Index (SCFI) turned negative following four weeks of stable or rising rates: SCFI dropped 3.6% week over week after four weeks of...
The World’s Largest Container Ship Is Bigger Than the Empire State Building
Here at Jalopnik, we love a big ship. Whether it’s a new record-breaking vessel launch or an older ship that’s jammed itself in an essential shipping rou...
Port of LA's Container Volume Drops as Labor Troubles Loom
The Port of Los Angeles is a bellwether for American trade with Asia's manufacturing hubs, and its volumes have risen and fallen dramatically since the start of...
Mighty fall: Container line profits plummet from historic peak
China’s Cosco Group — the world’s fourth-largest container line operator with an 11% market share — finally closed its books on 2022 just as...
Fourth 24,000 TEU behemoth joins MSC’s fleet
The vessel is the fourth 24K TEU ship to be delivered to the company since the beginning of this year. It follows MSC Tessa, MSC Irina, and most recently MSC Celesti...
06 Januari 2025
Hurricane Beryl trims cargo volumes in Houston and New Orleans
25 Januari 2025
Container freight rates tumble
08 Februari 2025