FREIGHT NEWS

CN freight rate analysis for Indian trades reflects easing trends
CN freight rate analysis for Indian trades reflects easing trends

With the exception of intra-Asia trades, average container freight rates for all key trades out of India have either softened or seen no changes this month, from the levels maintained by major carriers in June, according to new industry data collected by Container News. 

Traffic restrictions cause congestion concerns for carriers at Nhava Sheva
Traffic restrictions cause congestion concerns for carriers at Nhava Sheva

Maersk Line has reported a slowdown in truck flows in/out of India’s Nhava Sheva Port/JNPT as a result of new traffic restrictions imposed by local authorities.

CMA CGM to levy surcharges for overweight India-US shipments
CMA CGM to levy surcharges for overweight India-US shipments

French container line CMA CGM has implemented a hefty surcharge on overweight containerised shipments moving from India to the US and Canada.

Long-term freight rates for Australia and New Zealand imports hit record levels
Long-term freight rates for Australia and New Zealand imports hit record levels

The average of all long-term freight rates in Australia and New Zealand imports reached new highs in July, according to this week's update of the container rate platform, Xeneta.

Global trade records US$7.7 trillion in 2022 first quarter
Global trade records US$7.7 trillion in 2022 first quarter

The value of global trade increased by approximately US$1 trillion in the first quarter of the year, reaching US$7.7 trillion compared to the same period last year, according to United Nations Conference on Trade and Development (UNCTAD).

Tuna export to Canada soars
Tuna export to Canada soars

Vietnam’s tuna industry has bounced back strongly post-pandemic as export soared 72 percent year-on-year to 259 million USD in the first quarter of 2022, the highest in five years, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

PIL enhances intra-Asia network
PIL enhances intra-Asia network

Pacific International Lines (PIL) has introduced a new weekly direct service connecting ports in China, South Korea, Thailand, and Vietnam.

US president Biden signs the Ocean Shipping Reform Act into law
US president Biden signs the Ocean Shipping Reform Act into law

US president Joe Biden signed into law the Ocean Shipping Reform Act (OSRA) on 16 June, which authorizes appropriations for the Federal Maritime Commission (FMC) for fiscal years 2022 through 2025.


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