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Global shipping costs surge with key ports showing signs of adaptability

In the first half of 2024, global shipping costs experienced a significant surge, influenced by a mix of operational and geopolitical challenges. These included disruptions...

CMA CGM applies congestion surcharge in Nicaragua and El Salvador

French ocean carrier CMA CGM informed its customers about the implementation of a Port Congestion Surcharge (PCS) in response to the current conditions in...

Victoria’s box terminals to standardize landside pricing tariffs

Following discussions led by the Victorian Department of Transport and Planning (DTP), all three container terminals based in Victoria—DP World Australia, Patrick Terminals, and...

Hapag-Lloyd applies reefer PSS from Ecuador and Peru to US

Hamburg-based container line Hapag-Lloyd has announced a peak season surcharge (PSS), effective from 7 December, for shipments from Peru and Ecuador to the United...

US tariffs to give market short-term boost

Shippers and carriers will have awoken to a new reality today as the result of the US election became apparent it was clear that...

Evergreen executive expects higher contract rates in 2025

General Manager of Evergreen Marine Corporation, Wu Kuang Hui expected contract rates for Transpacific and Asia-Europe container shipments to be hiked in the next...

Maersk revises peak season surcharge in Gambia

Danish container carrier Maersk is revising its Peak seasonal surcharge (PSS) for the scope CAM & CAR, Europe and Americas to Gambia. The updated surcharge...

CMA CGM applies low water surcharge in Montreal

French box carrier CMA CGM has announced the implementation of a Montreal low water surcharge, effective from 10 November for all shipments and 1...

CMA CGM announces fresh America rates

French box line CMA CGM has notified its customers that, effective 1 December, a Rate Restoration Initiative (RRI) will be implemented as follows: The RRI...

CMA CGM increases FAK rates from Asia to Med & North Africa

Marseille-based container line will update Freight All Kinds (FAK) rates from 15 November 2024 (based on the loading date at origin ports) until further...

Maersk revises PSS from Far East to Oceania

Danish box line Maersk will revise the Peak Season Surcharge (PSS) for shipments originating from China, Hong Kong, Japan, South Korea, Mongolia, Brunei, Indonesia,...

“Desperate” carriers face battle to raise spot rates

European importers are locked in contract negotiations with an increasingly desperate group of container lines attempting to bolster short-term rates in an effort to...

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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