News
Containership Charter Market Coming Back to Earth
There’s been a lot of speculation about when and how fast the container shipping market would return to pre-pandemic norms. Today there is more hard data indic...
Global Cargo Market Softening Points to Gloomy Christmas
Global trade bellwethers like FedEx and Cathay Pacific Airways. have cast a pall over the year-end holiday shopping season – the business slowdown they’r...
Shipping rates plunge as experts say 'unprecedented' boom has peaked
Ocean shipping rates on major trade routes have fallen by more than half since the beginning of this year, a potential sign of easing inflation pressures and allevia...
Empty Containers Will Overwhelm Ports in 2023 Warns Sea-Intelligence
Ports around the world have been complaining for nearly a year about the build-up of empty containers blaming the containers piling up in their yards as contributing...
Key spot container freight index rate falls 10% in a week
The bell weather SCFI as of 9 September stands at 2,562.12 points down 285.5 points on the level published on 2 September, a drop of 10%. The 10% fall in the contain...
Boxship charter market cools
With global liner CEOs increasingly saying the market is cooling, there’s also been a noticeable pullback in the containership charter market. Sentiment is...
CMA CGM Expects Shipping Slowdown After Another Strong Quarter
Weakening consumer spending is curbing shipping demand and freight rates, transport giant CMA CGM said on Friday as it reported another jump in quarterly profit...
CMA CGM Expects Shipping Slowdown After Another Strong Quarter
Weakening consumer spending is curbing shipping demand and freight rates, transport giant CMA CGM said on Friday as it reported another jump in quarterly profit...
Container shipping profits will drop by 80% in 2023/24: HSBC report
After two years of unprecedented rises container freight rates were seen as having peaked with a downcycle in 2023 - 2024 driven by overcapacity. How...
US shipper complaint filed with FMC against Yang Ming settled out of court
A complaint filed in March 2022 with the US Federal Maritime Commission (FMC) by Achim Importing Company, a home furnishings company based in New Jersey, against Yan...
06 January 2025
Hurricane Beryl trims cargo volumes in Houston and New Orleans
25 January 2025
Container freight rates tumble
08 February 2025