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Maersk increases rates from Far East to North Europe

Maersk has announced it will increase Freight All Kind (FAK) rates from the Far East to North Europe, starting on 31 July 2023. The updated...

CMA CGM implements new surcharge due to Cape Town port congestion

Considering the current congestion in Cape Town, the capital city of South Africa, CMA CGM has decided to apply a new port congestion surcharge...

Hapag Lloyd increases rates from Middle East / Indian Subcontinent to US East Coast

Hapag Lloyd will apply a new General Rate Increase (GRI) / General Rate Adjustment (GRA) from the Middle East / Indian Subcontinent to the...

CMA CGM revises peak season surcharge from Indian Subcontinent to US East Coast

French ocean carrier CMA CGM decided to revise the Peak Season Surcharge (PSS) from the Indian Subcontinent to the US East Coast in July. The...

Worst June in years for spot rates as WCI breaches US$1,500

In what was the worst ever month of June since 2015, the latest quotes also saw the level of US$1,500 breached for the first...

CN analysis: Carriers see steady rate levels on most Indian trades, but slide continues for US cargo

With the exception of trades to the United States, container carriers operating out of India have mostly seen steady freight rate trends this month,...

CMA CGM announces new congestion surcharges in Algeria and Turkiye

CMA CGM has announced new port congestion surcharges (PCS) in Turkiye and Algeria due to continuing delays in between congestion/waiting time plus berth time...

FBX sinks to pre-pandemic levels, SCFI roughens up

The Freightos Baltic Index (FBX) sunk to US$1,297 breaching the psychological mark of US$1,300 on the downside as per the latest quote on 23...

Drewry’s WCI plunges as spot rates see another strong weekly dip

The Drewry World Container Index (WCI) has lost about 600 points since the New Year 2023, despite a neutral outlook on rates at the...

US West Coast port deal eases strike tensions as SCFI and FBX indices follow WCI

The closure of the past week saw two strings of activities on either side of the globe. The US West Coast Port union strike...

Biggest weekly dive for Drewry’s WCI in six months even as US West Coast congestion looms

The Drewry World Container Index took its largest ever weekly dive of 5.3% to end at US$1,592, its lowest in 36 months, as transpacific...

CMA CGM applies overweight fee from India to Europe

CMA CGM has decided to implement a new overweight surcharge (OWS) from the North West Coast of India to Scandinavia, Poland & Baltic, North...

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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