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Xeneta analyst Emily Stausøll sees this as proof that the peak in spot prices is having an impact. Despite the sharp increase in short-term market rates in May and June, long-term sea container rates remained subdued, but this is starting to change.

Samudera, an Indonesian container and bulk shipping company, said in its latest market report that although container freight rates have risen, the company has not been able to reverse the sharp decline in profits.

Dubai-based CStar Line, which focuses on routes to Russia, is cutting most of its Far East-Russia feeder services and switching to more lucrative routes to the Red Sea.

Yemen's Houthi forces claimed responsibility for the attack on the MV Groton cargo ship in the Gulf of Aden and confirmed that they successfully shot down a US MQ-9 drone over Yemen's northern Saada province.

In order to adapt to the Red Sea crisis, the liner industry prefers to use flexible small boats directly to the gateway ports, while reducing the number of port calls to provide more direct and efficient services, which absorbs a lot of capacity and

In the second quarter of 2024, Matson achieved consolidated revenue of approximately $847 million, an increase of 9.6% over the same period last year.

Freight rates continue to decline throughout the route, the United States fell sharply in the west, the United States East, the European route decline expanded, the ship still raised the annual performance expectations, some industry insiders said th

A container ship named "Sky Challenge" crashed at the port of Busan, South Korea, involving a number of coaming ship companies, including CMA CGM's CNC,KMTC,Namsung,CK Line.

Sri Lanka's Port of Colombo saw the highest growth in container throughput among major global hubs in the first half of this year, with Colombo's throughput growing by 23.6 percent year-on-year in the first half of 2024, outpacing the Port of Long Be

After a severe drought last year, abundant rains in recent months have brought the Panama Canal back to operating near full capacity, with water levels expected to rise to 86.1 feet by October.