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More pressure on box ship charter rates, but MPVs sail smoother

January 11, 2023 8932 Read More

Having lost about 80% of their daily hire rate values last year, the containership charter market has now stabilise

Shipping lines put growth ambitions on hold and look to defer newbuilds

January 10, 2023 3370 Read More

Against a backdrop of an increasingly pessimistic cargo demand outlook, ocean carriers are said to be in talks with

Bulker briefly grounds in Suez Canal, prompting Ever Given flashbacks

January 10, 2023 3672 Read More

The world held its breath briefly today as a Greek bulk carrier,Glory, grounded close to the western bank of the Suez Ca

Carrier hopes for a demand surge rest on summer peak season

January 09, 2023 5342 Read More

Container spot rates from Asia to North Europe, as recorded by Drewry’s WCI index, increased by 10% this week from thei

Airfreight rates in the doldrums as carriers look to set their BSA tariffs

January 06, 2023 5368 Read More

Asian forwarders are reporting sinking airfreight rates, just as airlines look to set out their BSA tariffs.Two standard

'Old faithful' reefer vessels will be forced out by new pollution rules

January 05, 2023 3105 Read More

Conventional reefer ships that played a critical role in shipping perishables during the pandemic could be forced into r

Maersk joins rivals in softening contract conditions for shippers

January 04, 2023 9048 Read More

Ocean carriers are tempting BCOs with a wide range of new, flexible, long-term contract options this year, after shipper

Carriers are facing the 'quiet before the storm' for contract rates

December 30, 2022 7490 Read More

A year ago, shippers were desperate to agree annual contract deals with ocean carriers to secure their supply chains, an

US east coast ports catch a chill in the downturn

December 22, 2022 7933 Read More

The coastal shift of cargo from America’s west coast to the east and Gulf Coast ports could not mitigate a 10% slump in

Maersk's extensive network can keep South China freight moving

December 21, 2022 6798 Read More

While rival carriers brace for restricted South China cargo bookings, due tofeeder/barge service stoppages in the offing

Intra-Asia offers potential as ocean carriers seek new pastures

December 20, 2022 8825 Read More

Ocean carriers are ramping up their intra-Asia connections as US and European importers look to ease their dependence on

UN believes expansion of Black Sea grain deal is unlikely

December 20, 2022 3538 Read More

The Black Sea (BSEA) grain deal brokered by the UN and Turkey that allows Russia and Ukraine to export cargo, is unlikel

Ocean carriers plan to blank half their sailings from Asia, post-CNY

December 19, 2022 7058 Read More

Against a background of extremely weak demand forecasts, ocean carriers are preparing to blank around half their adverti

Australia to investigate soaring profits of container terminal operators

December 16, 2022 9092 Read More

Container terminal companies’ profit margins have soared since the start of the Covid-19 pandemic to levels not seen fo

Costco bites the early off-hire bullet amid demand slump and tumbling rates

December 15, 2022 3925 Read More

The containership charter market correction has seen daily hire rates stabilise at levels roughly twice as high as those

Cathay Pacific November volumes dip, but better days are on the radar

December 15, 2022 5604 Read More

Cathay Pacific suffered a large decline in cargo volumes last month, but there are signs of an uptick for airfreight thi

Fleet-building HMM set to order nine methanol-powered 8,000 teu ships

December 15, 2022 5294 Read More

South Korea’s flagship line, HMM, has invited tenders from its four largest compatriot shipbuilders to build nine 8,000

FedEx LTL consolidation service will make returning retail goods easier

December 15, 2022 5005 Read More

FedEx is strengthening its grip on B2C e-commerce with a new returns service in the US.Next year it will roll out a lowe

Zim crew 'feared for their safety' on Pacific voyage on 'unseaworthy' box ship

December 14, 2022 4288 Read More

Crew onboard theZim Iberiahave written to their crewing agents asking for redeployment after they claim they “feared fo

CMA CGM restricts bookings to South China through January

December 14, 2022 8156 Read More

French liner CMA CGM has told customers it will restrict bookings for shipments due to arrive at ports in southern China

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