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Covid-19-fuelled peak may be bottoming out

The post-Covid-19 container demand boom appears to have peaked, based on Drewry's port throughput index, which showed a decline in April. The Shanghai lockdown took...

Eight-fold growth seen for smart containers

The global fleet of smart containers, which are fitted with devices to enable real-time tracking, is set to grow eight-fold to 8.7 million units...

Drewry expects spot rates to remain stable in the near future

Drewry’s composite World Container Index decreased by 0.9% to US$7,657.20 per 40ft container the week of 12 May 2022, compared with the previous week's...

Economic Survey 2021-22: Global container shortage to remain

India's finance minister Niramala Sitharaman has tabled the pre-budget Economic Survey for 2021-22 in the Parliament that gives an insight into the economic status...

Drewry’s World Container Index remains steady

Drewry’s composite World Container Index (WCI) remained steady at US$9,192.50 per 40ft container this week, but it is still 250% higher than a year...

Container lines set to make record profits worth US$150 billion in 2021

Drewry, an independent maritime research consultancy has recently revised its projections of profits by container lines to a massive high of US$150 billion for...

THE Alliance leads the blank sailings race

Over the next 4 weeks, The Alliance has announced 20 cancellations, followed by 2M and Ocean Alliance with 14 and 6 cancellations, respectively, according...

Drewry’s WCI gains US$50 this week

Drewry’s composite World Container index increased marginally 0.5% or US$50 to US$9,421.48 per 40ft container on 12 August, 358% higher than the same week...

Container equipment costs twice the price in the span of one year

Dry freight shipping container prices have skyrocketed in a year to reach record highs, but will decrease in the next years, according to Drewry's...

Drewry expects rates further increase at a slower rate

Drewry’s composite World Container Index (WCI) increased marginally by 0.4% or US$41 to US$9,371.30 per 40ft container, according to the latest report on 5...
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Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

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...
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