#News Cargo
UK’s Port of Felixstowe Reaches Pay Deal With Dockworkers
The Port of Felixstowe, Britain’s busiest container port, said that over 90% of its workers had agreed to accept a pay deal that would lift wages 8.5% next yea...
Fitch: Container Shipping Outlook Deteriorates as Freight Rates Fall
The container Shipping industry is likely to see significantly weaker profits next year as freight rates continue to normalize, says Fitch Ratings. MO...
CMA CGM to Acquire Two Key Terminals at Port of New York and New Jersey
French Shipping group CMA CGM will acquire two key container terminals at the Port of New York and New Jersey. The terminals, GCT Bayonne in New Jersey and G...
MSC Partners with Valencia to Expand Med’s Busiest Container Port
Already the busiest container port in the Mediterranean and Spain’s leading Mediterranean port in terms of commercial traffic, Valencia is moving forward on a...
Could MSC Be Mulling a 2M Split?
Since August 2020, MSC Mediterranean Shipping Company brokers have completed the acquisition of nearly 250 second-hand containerships to usurp 2M partner Maersk...
Maersk Revamps Network for Shipping’s ‘New Reality’
Shipping Major Chinese export markets are showing signs of a recovery after the steep post-Golden Week holiday decline, led by a rebound in demand for intra-Asia...
Container Freight Downturn Seen Short-Lived
With container freight rates seen returning to pre-pandemic levels next year, the container shipping sector appears to be in for a tough year ahead. But limited grow...
MSC’s First Cargo Plane Delivered
The first aircraft in MSC’s new air cargo business has been delivered. Atlas Air, a subsidiary of Atlas Air Worldwide Holdings (NASDAQ: AAWW), announced the...
CMA CGM Containership Sets Record as Miami’s Largest to Date
PortMiami, while best known as the cruise capital of the world, is also continuing to enhance its cargo operations. Last week, on November 17, the CMA CGM Osiris (15...
Maersk 'test case' could shift balance of power in container shipping
Since the pandemic began, complaints of carrier misdeeds have circulated across the industry and around the globe. In the US, President Biden’s administrati...
Europe and US exporters cheer rate falls, but now face 'vessel pot-luck'
Backhaul container spot rates are experiencing significant drops, although North Europe and US shippers take “pot-luck” when nominating sailings due to t...
CMA CGM revises peak season surcharge from Europe to US East Coast
French ocean carrier CMA CGM has decided to revise its peak season surcharge from Europe to the United States East Coast. MORE NEWS : Container shipping...
Container shipping’s ‘big unwind’: Spot rates near pre-COVID levels
The billion-dollar question for container shipping markets at the beginning of 2022 was: “Party on or the big unwind?” It turned out to be the big unw...
CMA CGM Sees Abrupt Return to Normal for Freight Rates
French shipping giant CMA CGM has reported yet another huge quarterly profit, but uncertain economic conditions, normalizing trade flows and a sharp decline in freig...
Freight demand has not found the floor
Container imports, rail intermodal shipments and truckload demand have fallen from their lofty peaks during the pandemic era and may be a better indicator of how inf...
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