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Freight rates fell for the fifth straight week

Freight rates fell for the fifth consecutive week, and the four major routes in Europe and the United States fell continuously

2024-08-13

This period, China's export container transportation market continued to adjust the market, the lack of further growth of transportation demand momentum, most routes lower freight rates, dragging down the composite index. European routes, transport d

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An MSC CAPETOWN III container ship caught fire in Colombo port

2024-08-13

In the early morning of August 11, local time, the container ship MSC CAPETOWN III was docked at the JCT terminal of Colombo Port when an explosion occurred below the deck of the cargo ship, followed by a fire.

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Ningbo Beilun Phase 3 Wharf announced the resumption of lifting operations

"Moving bright" wheel explosion recent progress! Ningbo Beilun III Wharf announced the resumption of lifting operations

2024-08-12

The ship company involved, Yangming Shipping, revealed in a "Description of the fire accident on the YM Mobility Ship" that the preliminary investigation revealed that a dangerous goods container on board the ship exploded, and according to the owner

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ATSG announced a drop in profit and revenue for the second quarter

2024-08-12

Freighter lessor and operator ATSG had a disappointing second quarter, with revenue down 7.7% (to $488.4 million) for the three-month period, causing net profit to plunge 80.5% to $7.4 million.

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2M Alliance: By adjusting the port of call, to ensure the transport time of the Asia-Europe route

2024-08-12

2M alliance members Maersk and Mediterranean Shipping jointly announced that by adjusting the port of call, the continuous congestion of European ports will be alleviated and the transport time of Asia-Europe routes will be guaranteed.

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Maersk's miscalculation of congestion at Tanjong Parapas port in July has been refuted

2024-08-12

Maersk informed customers that two trips on its Southern Star route would be skipped to Singapore and Sydney due to congestion at Tanjong Parapas and Singapore ports. But the port of Tanjong Palapas countered that there was no congestion in July, whe

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Guangzhou Port in July sea and rail combined transport volume exceeded 53,000 TEU

2024-08-12

In July, the combined transport volume of Guangzhou Port and railway exceeded 53,000 TEU in a single month, setting a new monthly record high. According to statistics, from January to July this year, the cumulative completed volume of Guangzhou Port

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A container ship and two US destroyers were attacked by the Houthis

2024-08-09

Yemeni Houthi armed spokesman Yahya Sarea said in a statement that in the Gulf of Aden, the Houthis used multiple ballistic missiles and drones to attack the container ship "Contship Ono" and two U.S. destroyers "Colon" and "Laboon" in the Red Sea.

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MSC resumes Asian-US East Coast free route service USEC Liberty

2024-08-09

MSC today announced the relaunch of its Asia-US East Coast Free route service as rates on the route continue to remain stable during the market correction.

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Freight rates from Asia to Northern Europe fell

Asia to Northern Europe freight rate decline, 2M will reduce the number of stops on the route

2024-08-09

As sea freight demand from China to Northern Europe continued to set records in June, 2M alliance members Maersk and Mediterranean Shipping have reduced the number of stops in Europe on future flights to avoid congestion.

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