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Freight rates on European routes plummeted

Freight rates on European routes have plummeted, and shipping companies want to raise rates on American lines

2024-09-02

The Shanghai Export container Freight Index (SCFI) showed that the index has slipped to 2,963.38 points, down 134.25 points, or 4.33%, from the previous period, falling below the 3,000 point mark, and freight prices fell back to the level at the end

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Maersk Shekou has been involved in a collision in Fremantle

2024-09-02

The Maersk Shekou, a container ship owned by Maersk, has been involved in a serious collision in the Australian port of Fremantle, injuring two crew members, and the cause of the accident is under investigation.

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Container shipments from Asia to Europe rose 8% in June

1.59 million TEUs, June Asian exports of containers to Europe increased by 8%

2024-08-30

Container exports from Asia to Europe reached 1.59 million TEUs in June, up 8% from a year earlier, with export growth, mainly driven by China's export growth, rising for 16 consecutive months.

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The Houthis temporarily agreed to a truce, allowing the tanker Sounion to be towed

2024-08-30

Houthi rebels in Yemen have agreed to a "temporary truce" to allow the parties involved to tow the "Sunion" oil tanker that was attacked earlier to avoid environmental disaster.

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Container rates have dropped significantly

Container rates could fall by as much as 70% in the next 10 months

2024-08-30

Shipping consulting authority Linerlytica has issued a forecast that container freight rates will drop significantly in the next 10 months, down by up to 70%. This forecast is based on the continued downward trend of the Shanghai Container Freight In

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Xiamen Port releases 2024 semi-annual report

With an increase of 3.75%, Xiamen Port released its semi-annual report for 2024

2024-08-30

Xiamen Port released its semi-annual report for 2024. During the reporting period, Xiamen Port achieved an operating income of 12.362 billion yuan, up 3.75% year-on-year, and a total profit of 246 million yuan, up 2.26% year-on-year.

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Guangzhou Port posted revenue of 6.762 billion yuan in the first half of the year

An increase of 5.10%, Guangzhou Port achieved revenue of 6.762 billion yuan in the first half of the year

2024-08-30

Guangzhou Port released its financial report for the first half of 2024, with an operating income of 6.762 billion yuan, an increase of 328 million yuan, or 5.10%; Net profit attributable to shareholders of listed companies was 605 million yuan, down

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Cosco's net profit in the first half of 2024 was 16.87 billion yuan

2024-08-30

In the first half of 2024, COSCO Offshore Control achieved operating income of 101.201 billion yuan, an increase of 10.19%. The total profit was 23.06 billion yuan, and the net profit was 19.255 billion yuan, of which the net profit attributable to t

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Indian port workers have agreed to call off a strike after an 8.5% pay rise

Indian port workers have agreed to call off a strike for an 8.5% pay rise

2024-08-29

Nearly 20,000 workers at India's major ports had threatened to go on indefinite strike from August 28, with the workers' union agreeing to an 8.5 per cent pay rise over five years, having initially demanded a rise of around 10.6 per cent. But the str

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Azerbaijan-operated oil tanker PRISMA has made its maiden voyage on the Northern Sea Route

2024-08-29

The oil tanker PRISMA, managed by an Azerbaijani company, is sailing on the Northern Sea Route, becoming one of the first tankers to sail along the route dominated by Russian shipping giant Sovcomflot.

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