NEWS

Hapag-Lloyd increases rates from Asia to Latin America
Hapag-Lloyd increases rates from Asia to Latin America

Hamburg-headquartered container line Hapag-Lloyd has announced a General Rate Increase (GRI) from Asia to the West Coast of Latin America, Mexico, Caribbean, Central America and Latin America East Coast.
Bustling rice export
Bustling rice export

Diversifying markets and continuously increasing average prices help Vietnam's rice export activities become extremely bustling.
Carriers on India-US trade attempt higher rate hikes for December
Carriers on India-US trade attempt higher rate hikes for December

Container carriers serving India-US trades seem to have regained some strength to attempt higher rate increases amid promising export trade indications.
Container shipping to bear brunt of EU Emissions Trading System
Container shipping to bear brunt of EU Emissions Trading System

Container shipping will be the hardest hit shipping sector in January when the European Union Emissions Trading System (EU ETS) goes live with the carriers liable for around €1.82 billion in carbon charges at today’s prices, by 2026.
Greeks and Chinese dominate global fleet market
Greeks and Chinese dominate global fleet market

"The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships owned by Greek and Chinese shipping companies contribute 34% of the total fleet’s deadweight tonne capacity," says Niels Rasmussen, chief shipping analyst at BIMCO.
ICTSI increases revenues and profits in 2023 9M
ICTSI increases revenues and profits in 2023 9M

International Container Terminal Services, Inc. (ICTSI) reported unaudited consolidated financial results for the nine months of 2023 posting revenue from port operations of US$1.76 billion, an increase of 7% compared with the same period in 2022.
Typical Q4 spike in box volumes yet to be seen in Oakland
Typical Q4 spike in box volumes yet to be seen in Oakland

The port of Oakland's September container volume remained relatively steady compared with August box throughput reaching 134,186 TEUs, marking a slight 1.2% increase over the same month in 2022.
Port of Oakland receives US$1.2 billion funding for hydrogen projects
Port of Oakland receives US$1.2 billion funding for hydrogen projects

Federal and state funding is on the way for hydrogen projects at the Port of Oakland. This is because the Biden administration announced on 13 October that California will receive up to US$1.2 billion as a designated hydrogen centre.

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