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After falling for 15 weeks, European freight rates rebounded sharply for the first time!

2024-10-28

SCFI has fallen for 15 consecutive weeks, and European freight rates have rebounded sharply for the first time, and European and Mediterranean freight rates have fallen by 54.2% and 53.0% respectively.

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Demand for container ship capacity is up 12% this year

2024-10-25

Clarkson Research pointed out in a recent report that the Red Sea crisis has brought about a 3% increase in tonny-nautical mile demand for the shipping industry as a whole, and the increase has reached about 12% in the container shipping sector.

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The Port of Los Angeles handled more than 950,000 TEU in September

2024-10-25

Throughput at the Port of Los Angeles continues to be strong, with more than 950,000 TEU handled in September, up 27% from the same month last year and a record 18% above the monthly average over the past five years.

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Freight forwarding giant DSV posted revenue of $6.383 billion in the third quarter

2024-10-25

DSV generated revenue of $17.891 billion in the third quarter, up 9.2% from the same period last year.

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China's Ministry of Commerce: "Zero tariff" for 100% tax items from these countries

2024-10-25

Starting from December 1, 2024, a preferential tariff rate of zero will be applied to 100% of tariff items from the least developed countries that have diplomatic relations with China.

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CCS launches the world's first 5-in-1 foldable shipping container at 40 feet

2024-10-25

Compact Container Systems(CCS) has introduced SeaFold HC's 40-foot container, the world's first 5-in-1 foldable shipping container.

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The shipping market is back to tight space conditions

Shipping space is tight, and freight rates on major routes continue to rise

2024-10-25

The price volatility of the main contract of the European line has increased significantly, and it has risen by as much as 1,400 points in the past month, and the shipping market has experienced a shortage of shipping space.

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Foreign media: Trump's election will put pressure on shipping rates and Asian exports

2024-10-17

If Donald Trump becomes U.S. president again next year, container rates will come under more pressure as he is expected to resume protectionist measures that will reduce imports.

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The new tax introduced by France will cost CMA CGM nearly $900 million

2024-10-17

Faced with a gaping hole in its coffers, the French government targeted cash-rich shipping companies in its latest budget plan, and CMA CGM said the new tax would cost it nearly $900 million over two years.

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Due to continued congestion in the eastern ports of the United States, MSC announced the suspension of the Pacific route

2024-10-17

MSC and Maersk announced the cancellation of four voyages from Asia to the Eastern United States and the Gulf of Mexico due to continued congestion caused by port strikes in the Eastern United States.

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