The ILA US East Coast port Union continues to threaten a strike as shippers face port chaos
2024-09-10
The ILA U.S. East Coast Port Union continues to threaten a strike, and shippers have begun seeking White House action to prevent it.
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HMM's profit in the first three quarters will increase 1,250 percent from the same period last year
2024-09-10
In the third quarter, HMM's operating income is expected to reach 3.2 trillion won (about $2.38 billion), and operating profit is expected to soar to 1.0 trillion won (about $760 million), up 50% and 1,250 percent year-on-year, respectively.
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In August 2024, ocean-going international container ships in the world's major ports averaged berthing time in port
2024-09-10
In August, the operating efficiency of China's nine major ports improved, with the average stoppage and berthing time of ships in port 1.29 days and 0.91 days, respectively, down 9.8% and up 4.6% from the previous month, which was better than the ave
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China has granted zero tariff treatment to 33 African least developed countries
2024-09-10
China is willing to take the initiative to open its market further unilaterally, and has decided to grant zero tariff treatment to all the products of 100 percent of the tariff lines of the least developed countries that have established diplomatic r
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ONE, HMM and Yangming Shipping's new Alliance "Premier Alliance", MSC reached a cooperation on shipping space exchange
2024-09-10
Ocean Network Alliance Shipping (ONE), HMM and Yangming Shipping jointly announced that the three liner companies will continue to deepen their alliance cooperation and announced the name of the new alliance "Premier Alliance".
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Emirates Shipping (ESL) is enhancing its services from the Far East to East Africa with two routes
2024-09-09
Emirates Shipping (ESL) has launched FHX and FNX services, increasing capacity and service frequency between major Chinese ports and East African markets.
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ONE launches RG2 route connecting India's West coast with the Middle East and Red Sea
2024-09-09
On September 4, Ocean Network Shipping (ONE) announced the launch of the Red Sea Indian Gulf Route 2 (RG2), a weekly route connecting the west coast of India, the Middle East and the Red Sea.
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The freight rate of the eastern United States is lower than that of the western United States, and the port of the eastern United States is about to face a port strike
2024-09-09
The reduction of shipping lines, especially the US-West route, coupled with the threat of strikes in the East, led to the diversion of goods from the East to the West, and the freight rate was rapidly approaching. Market rate volatility is high and e
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Freight rates continued to fall, and shipping companies canceled some routes to ease price pressure
2024-09-09
The market wind has changed! Asian to Europe and trans-Pacific container spot freight rates fell significantly in the past week, affected by slowing demand, shipping companies began to cancel trips and face price war pressure, indicating that the mar
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Tianjin Port Group and DP World signed a strategic cooperation agreement
2024-09-09
Tianjin Port Group and DP World signed a strategic cooperation agreement in the Jebel Ali Free Zone of the United Arab Emirates. The two sides will strengthen cooperation in the areas of route business, logistics business, technology and investment,
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