HMM has announced a new general rate increase (GRI) from India to the United States and Canada. The South Korean ocean carrier has decided to increase...

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SCFI drops again as Transpacific overcapacity overrides labour disruptions, Panama Canal limits

Container News Team - June 13, 2023 0

The Shanghai Containerised Freight Index (SCFI) slipped again on 9 June as weak utilisation on the Transpacific saw liner operators cutting rates on both...

Industry Opinions

Range-bound composite indices, US-China rates spike as transatlantic rates drop

Ioanna Kontos - June 9, 2023 0

A string of General Rate Increases (GRI) starting in March-April hasn't helped the container spot rates. The Shanghai Composite Index which had a momentary upside...

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Maersk joins India-US GRI push amid continuing demand challenges

Container News Team - June 2, 2023 0

Maersk is the latest carrier to attempt a general rate increase (GRI) on containerised trade from India to the United States. From 25 June, the...

Rates & Surcharges

Hapag-Lloyd increases box rates from Middle East and Indian Subcontinent to North America

Container News Team - June 2, 2023 0

Hapag-Lloyd has announced a new general rate increase (GRI) / general rate adjustment (GRA) from the Middle East and Indian Subcontinent to North America. The...

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Drewry’s World Container Index drops this week

Container News Team - May 26, 2023 0

Drewry’s composite World Container Index (WCI) decreased by 2% to US$1,685.32 per 40ft container this week. Source: Drewry World Container Index, Drewry Supply Chain AdvisorsThe...

Industry Opinions

Container spot rates remain high despite weaker supply/demand balance

Container News Team - May 25, 2023 0

In this week’s “Shipping Number of the Week” from BIMCO, chief shipping analyst, Niels Rasmussen, looks at the fact that despite a 70-80% fall...

Rates & Surcharges

CMA CGM revises PSS from Indian Subcontinent, Middle East, Red Sea & Egypt to USEC & US Gulf

Container News Team - May 23, 2023 0

French ocean carrier CMA CGM has announced the revision of a peak season surcharge (PSS) from the Indian Subcontinent, Middle East Gulf, Red Sea...

Rates & Surcharges

Box lines’ GRI attempt fails thrice

Container News Team - May 23, 2023 0

Hopes of a rebound in freight levels continue to wane as mainline operators fail to implement general rate increases (GRIs) for 1 June, marking...

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CN analysis: Container freight rates continue to slide on most Indian trades

Ioanna Kontos - May 23, 2023 0

There seems to be no real let-up in the rate slide seen on most of the trade routes out of India as trade volume...

Rates & Surcharges

VCFI finished 2022 down 11.3%

Ioanna Kontos - May 18, 2023 0

The Valencia Containerised Freight Index (VCFI), which measures the trend and evolution of container transport costs by sea from the Port of Valencia, ended...

Rates & Surcharges

CMA CGM to apply scanning fee in Congo

Ioanna Kontos - May 14, 2023 0

CMA CGM has announced that it will implement a scanning fee at the Pointe Noire Port in Congo and the final destinations on 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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