SHIPPING
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Port of LA says cargo volume up 14% in the first half
July 18, 2024 - The Port of Los Angeles (Port of LA) processed 827,757 Twenty-Foot Equivalent Units (TEUs) in June, a 10% increase over...
MSC increases own-operated service share
July 18, 2024 - With the 2M Alliance between the two largest shipping lines, MSC and Maersk, coming to an end in February 2025 and...
IMF: Global growth steady amid slowing disinflation, rising policy uncertainty
July 17, 2024 - The International Monetary Fund (IMF) said global growth projections are unchanged at 3.2% this year and slightly...
Port of Long Beach reports strongest June on record
July 17, 2024 - The Port of Long Beach achieved its busiest June on record, driven by vibrant consumer spending, potential tariff...
Freightos: Some signs that ocean rates may have peaked
July 17, 2024 - Ocean spot rates increased last week to highs for the year on the major trade lanes, according to a new analysis by...
US commission halts progress of Gemini Alliance
July 12, 2024 The US Federal Maritime Commission (FMC) has requested additional information regarding the Gemini Alliance agreement...
AAL set to take delivery of 2nd Super B-Class new building ship
July 12, 2024 Project heavy-lift carrier AAL Shipping (AAL) is set to take delivery of the second of eight vessels in its Super...
Port congestion in Singapore improves, but Red Sea-related challenges remain
July 11, 2024 PSA Singapore (PSA) said congestion issues at the port triggered by the ongoing Red Sea crisis have improved, with wait...
Shipping rates keep climbing on early month increases
July 10, 2024 Ocean rates out of Asia climbed significantly at the start of July, with the latest daily prices already at...
Sea-Intelligence notes growth in non-alliance services
July 9, 2024 The initial disruptions to global supply chains triggered by the pandemic had a profound impact on non-alliance...
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