#Cargo Service
Shock for carriers as spot rates fall below long-term contract prices
Spot container freight rates on the main east-west deepsea headhaul trades continued to edge downwards this week, amid a softening of demand as western consumers gra...
Shipping organisations set out to tackle rising number of containers lost overboard
Following a spike in containers lost at sea, the World Shipping Council (WSC), the global liner association, has initiated a study to see how this scourge can be pre...
Port of Long Beach Reports Second-Busiest Month Ahead of Summertime Cargo Surge
The Port of Long Beach has reported its second busiest month on record in May as it looks ahead to a summer cargo surge that could follow China’s reopenin...
Shanghai port congestion nearly back to normal levels
As Shanghai springs back to life after two months of lockdown, congestion at the port is almost back to normal, according to data from VesselsValue. At the height...
Shippers fear higher freight costs due to carbon tax
Fear prevails in the Global Shippers Forum (GSF), the global business organisation which represents cargo owners exporting and importing to international supply chai...
CMA CGM Takes Delivery of Two Boeing Cargo Planes
CMA CGM has taken delivery of two Boeing cargo planes as the shipping giant looks to expand its end-to-end services beyond ocean freight. The two Boeing 777 aircr...
Northern European container ports are on the edge of capacity
"The Russia-Ukraine situation continues to create uncertainty for the global economy as the conflict enters its fourth month. Concerns over food and energy supp...
Maersk Supply Service AHTS to Support Ocean Plastics Cleanup Effort for Another Year
Two anchor-handling tugs belonging to Maersk Supply Service will return to the Great Pacific Garbage Patch having extended their contract with The Ocean Cleanup for...
MSC and Investors Replace Chinese to Build Panama Container Terminal
Panama announced that it has entered into a new agreement with an investment group that is partnering with an affiliate of Mediterranean Shipping Company (MSC) to co...
Container orderbook breaks more records
The giant containership orderbook – equivalent to the extant fleets of Cosco, Hapag-Lloyd, Evergreen and Ocean Network Express (ONE) combined – is settin...
DP World to build new multimodal terminal in Romania
DP World has announced the launch of the construction of its new multimodal logistics terminal in Aiud, Romania. The UAE-based port and terminal operator aims to...
FMC Announces New Reporting Requirements for Ocean Carrier Alliances
The three global ocean carrier alliances and each of their member companies will now be required to provide pricing and capacity information to the Federal Maritime...
NYK Orders Six LNG Carriers for Long-Term Charter to CNOOC
Japanese shipping company NYK has announced its first long-term time charters with China’s state-owned China National Offshore Oil Corporation, or CNOOC, for s...
Maersk in talks with buyers for stake as quits Russia
Maersk (MAERSKb.CO) has found possible buyers for its stake in Global Ports Investments (GLPRq.L), which operates ports in Russia as it withdraws from...
Qatar Cargo provides future freighter insights
Qatar Airways provided customer insight that helped Boeing and Airbus to fine-tune the cargo specifications of the new B777-8 freighter and its Airbus challenger, th...
01 September 2024
Container Prices Double, Leasing Rates Triple in China
04 September 2024
Maersk sets new bar with shipping’s first climate target validation
06 September 2024
Port of Los Angeles Reports Another Busy Month for Cargo Volumes
09 Agustus 2024