Danish ocean carrier Maersk has announced the revision of its Peak Season Surcharge (PSS) for shipments from North Europe and South Europe to Canada. The...

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Carriers roll back emergency surcharges as US port strike ends

Container News Team - October 7, 2024 0

In a big respite for Indian shippers, container lines have begun to cancel emergency surcharges they had announced to cover disruption consequences from the...

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USEC port strike ends, but supply chains will take weeks to recover

Container News Team - October 4, 2024 0

Strike action at ports on the US East and Gulf Coast ended, after a new wage agreement was reached – but a backlog of...

Rates & Surcharges

Hapag-Lloyd introduces low water surcharge from North Europe & Med to Canada

Ioanna Kontos - October 4, 2024 0

Hapag-Lloyd will implement a low water surcharge from North Europe and Mediterranean to Canada, effective from 14 October. "The water levels in the St. Lawrence...

Rates & Surcharges

Hapag-Lloyd increases rates from Asia to Latin America

Ioanna Kontos - October 3, 2024 0

German box line Hapag-Lloyd has announced that on 1 November a General Rate Increase (GRI) is set to take effect on cargo shipments from...

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Red Sea crisis to prevent freight rates from dropping to 2023 levels, with uncertainty expected post-2025

Container News Team - October 3, 2024 0

The Export-Import Bank of Korea's (KEXIM) Economic Research Institute has published a report stating that while container freight rates have come down from the...

Rates & Surcharges

CMA CGM applies fresh rates for Canada-Asia shipments

Ioanna Kontos - October 3, 2024 0

French ocean carrier CMA CGM has announced a new Rate Restoration Initiative (RRI) that will take effect on 1 November 2024. This adjustment will impact...

Rates & Surcharges

CMA CGM applies overweight surcharge from India, Sri Lanka, Middle East Gulf and Djibouti to Europe

Ioanna Kontos - October 2, 2024 0

French ocean carrier CMA CGM has notified its customers of an an Overweight Surcharge (OWS), effective from 1 October 2024 (based on the gate-in...

Industry Opinions

Container spot rates experience steepest decline in non-Covid year

Ioanna Kontos - October 2, 2024 0

"The Shanghai Containerized Freight Index (SCFI) fell another 10% in week 39. In total, the SCFI has dropped 43% during the third quarter, the...

Rates & Surcharges

Hapag-Lloyd updates Emergency Space Contigency Surcharge from North Europe to West Africa

Container News Team - October 2, 2024 0

German ocean carrier Hapag-Lloyd has announced an update on the Emergency Space Contingency Surcharge (ESC) for all container types implemented from 1 August. Effective from...

Rates & Surcharges

Divergence in reefer markets in wake of Gaza War

Container News Team - September 30, 2024 0

Reefer cargo to Middle Eastern destinations has seen a “negative spiral”, as a direct result of the Cape of Good Hope diversions with carriers...

Rates & Surcharges

Hapag-Lloyd increases rates from Indian Subcontinent and Middle East to US

Container News Team - September 27, 2024 0

German ocean carrier Hapag-Lloyd has announced a General Rate Increase (GRI) / General Rate Adjustment (GRA) from Indian Subcontinent and Middle East to the...

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Rates & Surcharges

Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd announces surcharge from Asia and Oceania to African ports

Hapag-Lloyd increases rates from Asia to Americas

Africa: The Bright Spot in Deepsea Container Routes

Maersk introduces new PSS from China and Hong Kong to African destinations

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