FREIGHT NEWS
27/12
2023
After a long streak of declining trends, container freight rates on major trades out of India have begun to rise amid carrier routing disruptions through the Suez Canal, according to the latest market analysis by Container News.
22/12
2023
The Port of Oakland reported a 6.8% drop in its container volumes in November, handling 132,648 TEUs.
19/12
2023
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.
12/12
2023
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.
04/12
2023
Diversifying markets and continuously increasing average prices help Vietnam's rice export activities become extremely bustling.
24/11
2023
Container carriers serving India-US trades seem to have regained some strength to attempt higher rate increases amid promising export trade indications.
24/11
2023
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.
09/11
2023
"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.