News
Containers pile up at Chinese ports as lockdown blocks trucks
Containers full of frozen food and chemicals are piling up at China's biggest port in Shanghai as a Covid lockdown in the city and compulsory virus testing means...
Maersk returns to the skies with Maersk Air Cargo
A.P. Moller – Maersk has announced the launch of Maersk Air Cargo as the company's main air freight offering, while it has chosen Denmark’s second-la...
Shipping giant MOL confirms it has stopped carrying used EVs over safety concern
One of the world’s largest car-shipping companies, Mitsui OSK Lines, has confirmed it has suspended transporting used electric vehicles on its cargo ships....
Europe to NE Asia airfreight rates soar as airlines focus on the spot market
By Alex Lennane 06/04/2022 The airfreight spot market from Europe to South Korea and Japan has soared in the past week, its market share up more tha...
Backing for nuclear-powered ships grows
Support is growing for Mikal Bøe-led Core Power, a high profile developer of nuclear propulsion for merchant ships. First launched in 2018, Core Power toda...
Singapore Joins Global Initiative to Create Green Shipping Corridors
Singapore, which views itself as a global hub for shipping, is accelerating its role in the decarbonization of the global shipping industry seeking to set an ex...
Sky-High Container Freight Rates Seem Unfazed by Global Issues
By Mike Wackett (The Loadstar) – Covid lockdowns in China, war in Ukraine and the threat of hyper-inflation are a toxic mix of unpredictability fo...
Panama Canal Proposes New Toll System, Raising Transit Costs
By Michael McDonald (Bloomberg) — The Panama Canal Authority proposed a comprehensive restructuring of its toll system on Friday, which...
Evergreen declares General Average on grounded Ever Forward
Evergreen, the owner of the 11,850 TEU Ever Forward which has run aground in the Chesapeake Bay in the United States since 13 March, has declared General A...
Ocean Carriers’ Shift to Owning More Ships Depletes Containership Charter Market
The shift by some ocean carriers to owning more tonnage rather than chartering-in ships has depleted the containership charter market by 1.6 mllion teu, according to...
06 January 2025
Hurricane Beryl trims cargo volumes in Houston and New Orleans
25 January 2025
Container freight rates tumble
08 February 2025