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China lockdowns threaten to alter Indian container supply forecasts

With new Covid lockdowns in China becoming another major challenge for global supply chains already facing widespread dysfunctions, container lines operating to and from...

Evergreen profit soars nine times to US$9.5 billion in 2021

Evergreen Marine Corporation’s net profit rocketed nine-fold to US$9.5 billion in 2021 and its president Eric Hsieh said today (15 March) that the company...

Déjà vu as Shenzhen locked down for a week

Concerns of a rerun of congestion around Shenzhen, China’s third-busiest container port, have arisen after the city was locked down for a week from...

Hapag-Lloyd to charter six 14,000 TEU vessels for US$540 million

SFL Corporation Ltd. has agreed to charter out six 14,000 TEU container vessels to Hapag-Lloyd for five years, following the expiry of the ships’...

Indian port unions renew strike threat amid cargo demand growth

Indian dockworker unions at major government ports have revived their strike intentions after a series of failed negotiation sessions. A consortium of five national labour...

India, Russia in search of alternative payment system, shipping access for trade

India being a Russian large trade partner is trying to continue bilateral export-import activities through alternative ways and means amid various types of sanctions...

Sea-Intelligence predicts increase in US West Coast vessel queue

The vessel queue outside of ports of Los Angeles and Long Beach (LA/LB) has presently dropped to 66 vessels from 100-105 vessels in the...

MSC to push up European rates

Mediterranean Shipping Company (MSC) has announced the introduction of new Freight All Kinds (FAK) rate increases that will be implemented from and to European...

Schedule reliability drops to record-low in January 2022

Schedule reliability dropped again, this time by 0.9 percentage points, month-to-month to 30.9%. This is the lowest ever global schedule reliability since the Danish...

More schedule disruptions seen coming for Indian shippers

Schedule reliability is becoming a greater concern for Indian shippers as they scramble to find more vessel space necessary to hit fiscal year-end shipment...

Russia bound containers make stockpile in Chittagong depots

Boxes and cargoes have started stockpiling in Chittagong depots and factory premises in Bangladesh as major shipping lines have stopped to send them towards...

CMA CGM reports US$56 billion revenue, achieving 78% increase

CMA CGM Group has announced strong financial results in 2021, with revenue amounting to US$56 billion, which is up 78% compared to 2020. The French group's...

Latest Posts

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...

US sanctions target Iran-China oil trade, stirring waves across global shipping

As Washington ramps up its campaign to stifle Iranian oil revenues, a new chapter is unfolding in the ongoing tensions between the United States,...

AD Ports Group reports strong Q1 results

AD Ports Group delivered a solid financial performance in the first quarter of 2025, with significant year-on-year growth in revenue, earnings, and profits. Revenue for...

Clarksons: Tariffs could see negative growth for container shipping

Clarksons has warned that container shipping demand could regress if the US-China tariff war continues beyond this quarter. (adsbygoogle =...
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