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The influx of small container ships on long-haul routes has reduced intra-Asian trade capacity

2024-07-18

South Korean shipping operators say an influx of smaller container ships on more lucrative long-haul routes has led to a shortage of vessels for intra-Asian trade, with rates quadrupling from last year.

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MSC's independently operated Asia-Nordic services account for 9% of the market

2024-07-18

MSC’s standalone Asia-North Europe shipping services have already captured up to a 9% market share of the trade, according to new data from Sea-Intelligence Consulting.

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Ship prices are up 60% in six months and MSC is still buying second-hand vessels

2024-07-18

In the first half of 2024, the global container ship trading volume surged, and MSC in particular performed actively in the ship trading market and continued to expand its fleet.

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India's national shipping company SCI and oil company IOCL will collaborate to build the VLCC

2024-07-18

The Ministry of Shipping of India has proposed a plan for the VLCC to be built by the National Shipping Corporation of India (SCI) in collaboration with the Indian Oil Corporation (IOCL).

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Yangpu Port ranks among the top 20 major ports in the country

China's Yangpu port container throughput exceeded one million TEU

2024-07-18

In the first half of the year, the container throughput of Yangpu Port reached 10.15 million TEU, an increase of 11.26%. This is the first time that the container throughput of Yangpu Port in half a year has exceeded 1 million TEUs, ranking among the

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Kuehne+Nagel warned of significant delays in rail container traffic between the area around Parma and nearby ports

2024-07-18

Kuehne + Nagel expects significant delays and restrictions in rail container traffic between the area around Parma and nearby ports until July 21. Rail traffic in the region is expected to be disrupted until September 9.

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The total cargo sent by China-Europe freight trains increased by 11 percent year-on-year

A total of 10,000 China-Europe freight trains will be launched in 2024

2024-07-17

Since 2024, the total number of China-Europe freight trains has reached 10,000, 19 days earlier than last year, and the total number of cargo shipped has reached 1.083 million TEU, an increase of 11% year-on-year, showing a good trend of rising quant

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High freight rates are gradually falling, and some people are starting to worry

2024-07-17

Average spot freight rates from the Far East to the East Coast of the United States increased 3.7% to $10,045 per foot, while spot freight rates to the West Coast of the United States increased 2% to $8,045 per foot.

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Maersk: The booking window period for Asia routes will be adjusted from July 15

2024-07-17

Maersk (Maersk) announced that from July 15, 2024 to adjust the booking window for Asian routes, the booking window is adjusted to 28 days.

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Growth in US container imports remains strong

2024-07-17

Despite early signs of weakness in container spot market prices, container imports at U.S. ports remain strong.

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