News
CIMC boss sees no end to container crunch in 2021
The Chief Executive Officer (CEO) of the world's largest container manufacturer, China International Marine Containers (CIMC), predicts that the well-publicised...
Container rates rocket even higher — and there’s no end in sight
Another week, another record for container shipping spot rates. And alarmingly for shippers, upward rate momentum is accelerating. Different indexes come up with dif...
Inside container shipping’s COVID-era money-printing machine
It’s a seemingly basic shipping formula: Liners operate a fleet of container vessels, whether owned or chartered, with total capacity measured in twenty-foot e...
Shipping snarls may last well into 2022
The top U.S. maritime regulator said stretched global supply chains pushing ocean-freight rates to record highs may stay strained into 2022, raising concerns about w...
Teleport converts two A320s into air freighters
KUALA LUMPUR: AirAsia Group Bhd's cargo and logistics unit Teleport has operated its maiden freighter flight with a dedicated B737-800F aircraft, reinforcing its...
Maersk's ‘technical challenges’ with booking system not a cyber-attack
Maersk Line has confirmed that a failure of its booking systems was not due to a cyber-attack, but rather the result of a technical failure. The Danish carrier&rs...
Higher Shipping Fees Hurt Smaller Firms
Vietnamese exporters are struggling to send goods abroad despite high demand because of a nearly five-fold year-on-year surge in container shipping costs. Shipping...
South Korea opens new container shipping route to Vietnam
On May 24, Incheon Seaport Corporation announced that it has begun operating a new container route from Incheon port to ports in Thailand and Vietnam. Notably, th...
Suez Canal Authority Open to Negotiation on Ever Given
CAIRO, May 25 (Reuters) – The Suez Canal Authority (SCA) said on Tuesday it was still open to negotiating with the owners of a giant container ship which block...
Japanese Shipping Companies Looking For Suez Canal Alternatives
As the legal battle regarding the Ever Given ship grounding in the Suez Canal continues, Japanese Shipping Companies are planning to reduce the use of the Suez Canal...
06 January 2025
Hurricane Beryl trims cargo volumes in Houston and New Orleans
25 January 2025
Container freight rates tumble
08 February 2025