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The closure of the Suez route has changed the fundamental outlook for container shipping in 2024, with a potential capacity crunch in Asia looming in the short term, according to the January report of
01/16
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Verifiable costs for transiting the African Cape rather than the Suez Canal are around US$1,000 per box according to Xeneta chief analyst Peter Sand, who was responding to questions on how western bom
01/15
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Ships involved in the niche Far East-Russia trade appear to be unperturbed by Houthi attacks, as the vessels have enjoyed uneventful transits through the Red Sea. In a post on X (formerly Twitter
01/12
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Hapag-Lloyd announced a General Rate Increase (GRI) / General Rate Adjustment (GRA) for cargo transported in 20' and 40' dry, reefer and special containers, including high cu
01/11
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Parsons Corporation has joined the Port of Oakland, Advent eModal, Mobile Programming and key stakeholders to announce the launch of the Freight Intelligent Transportation System (FITS) at the Califor
01/10
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On 8 January 2023, ZIM Integrated Shipping Services unveiled an enhancement to its ZMP service, a pivotal route linking Asia with East Mediterranean. The latest development includes t
01/09
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Orient Overseas Container Line (OOCL) announced the addition of a new 24,000 TEU mega vessel to its fleet. The newest member of OOCL's fleet was named OOCL Valencia at the shipyard of Nantong
01/08
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The Shanghai Containerised Freight Index surged by 40% on 29 December 2023, as liner operators hiked rates in response to the capacity crunch resulting from Red Sea diversions. That day, the SCFI
01/05