NEWS

Panama Canal drought could boost New Year rates
Panama Canal drought could boost New Year rates

Drought in Panama and war around the Red Sea and Suez is a slow-burning but developing crisis for the container shipping industry as both canals become choke points that could see freight rates double.

NEW YEAR 2024 CLOSING ANNOUNCEMENT
NEW YEAR 2024 CLOSING ANNOUNCEMENT

New Year is coming, T&T GLOBAL AGENCY would like to inform you about the schedule of New Year Holiday 2024 as following:

📆 𝐇𝐨𝐥𝐢𝐝𝐚𝐲 𝐭𝐢𝐦𝐞: 𝐒𝐚𝐭𝐮𝐫𝐝𝐚𝐲, 𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟑𝟎 𝟐𝟎𝟐𝟑 - 𝐌𝐨𝐧𝐝𝐚𝐲, 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟎𝟏 𝟐𝟎𝟐𝟒

📆 𝐁𝐚𝐜𝐤 𝐭𝐨 𝐰𝐨𝐫𝐤: 𝐓𝐮𝐞𝐬𝐝𝐚𝐲, 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟎𝟐 𝟐𝟎𝟐𝟒

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.


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