SHIPPING
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PSA notes unclear outlook for global economic recovery in 2024
January 15, 2024 - PSA International Pte Ltd (PSA) saw a "record-breaking year" in 2023 as it handled container...
Red Sea disruption could keep rates elevated for much of 2024
January 12, 2024 - As disruptions in the Red Sea continue, freight rates have doubled, according to a new report from HSBC Global...
Ocean rate increases spreading to non-Red Sea lanes as capacity tightens
January 11, 2024 - Ocean rate increases are spreading to non-Red Sea lanes as shipping capacity tightens, according to a new Freightos...
ZIM to roll out container tracking systems
January 11, 2024 - Liner shipping company ZIM has partnered with Hoopo Systems to deploy tracking devices across its container fleet. ZIM...
Maersk announces use of "land bridge" amid ongoing water situation in the Panama Canal
January 11, 2024 - Maersk said vessels that utilised the Panama Canal before will now omit passing the trade route amid the ongoing water...
Singapore selects vessel charging concepts for electric harbour craft trial
January 10, 2024 The Maritime and Port Authority of Singapore (MPA) announced that it had selected the Pyxis Energy Pte Ltd, Pyxis...
China's cargo, container throughput at ports up in first 11 months of 2023
January 9, 2024 China's cargo and container throughput at its ports grew in the first 11 months of the year. State media repo...
TAC Index: Red Sea disruption no dramatic effect yet on air cargo rates
January 9, 2024 The disruption to ocean traffic in the Red Sea has yet to have any dramatic effect on air cargo rates, according to the...
FIATA cautions shipping lines imposing surcharge on unaffected destinations
January 9, 2024 The FIATA International Federation of Freight Forwarders Associations (FIATA) has warned shipping lines against...
Unstable situation in the Red Sea could result in congestion at ports
January 8, 2024 The continuing escalation of attacks on vessels at the Red Sea could trigger port congestion in many regions, and the...
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