SHIPPING
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Sea-Intel: Schedule reliability drops again in April after March recovery
June 1, 2022 - The improvement reversed in container line schedule reliability in March was reversed in April, according to a new...
Hapag-Lloyd acquires container liner business of Africa's Deutsche Afrika-Linien
June 1, 2022 - Hapag-Lloyd announced that it closed the acquisition of the container liner business of German carrier Deutsche...
Canadian Pacific announces multi-year agreement with CMA CGM
May 31, 2022 - Canadian Pacific (CP) has announced a new, "multi-year" agreement with CMA CGM Group, which will mak...
Xeneta: Shipping costs soar as long-term rates race 150% up year-on-year
May 31, 2022 - May saw the highest ever monthly increase in long-term contracted ocean freight rates, as the cost of locking in...
Port of LA, Long Beach put “Container Dwell Fee” on hold until June 3
May 27, 2022 - The San Pedro Bay ports of Long Beach and Los Angeles once again announced a delay in the consideration of the...
Flexport: Shipping demand picking up, congestion impacting Asia-Europe capacity
May 26, 2022 Demand is picking up between the Asia-Europe shipping route, according to a recent report by Flexport, but congestion...
King Abdullah Port reports record 15M TEU throughput
May 26, 2022 King Abdullah Port, the first privately owned, developed, and operated port in the Middle East, has reached 15 million...
Yang Ming joins The Silk Alliance paving the pathway to maritime decarbonisation
May 26, 2022 To navigate the challenge of net-zero carbon emissions, Yang Ming Marine Transport Corp. (Yang Ming) announced that it...
Suez Canal anticipates a 27% increase in annual revenues for 2022
May 25, 2022 The Suez Canal is expected to make US$1.5 billion more revenues for the fiscal year 2021-2022 which ends on June 30....
Xeneta: Container shipping fuel surcharges have risen 50% since start of year
May 25, 2022 The rise in crude oil prices that followed the Russian invasion of Ukraine is clearly seen in bunker fuel surcharges...
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