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THE Alliance cancels 12 sailings in August, double the blank sailings of 2M and Ocean Alliance

Over the next four weeks, The Alliance (Hapag-Lloyd, ONE, Yang Ming, HMM) has announced 12 cancellations, followed by 2M (Maersk, MSC) and Ocean Alliance...

Container alliances reach 5% sailings cancellation rate

Drewry has announced that out of the total of 496 scheduled sailings across the major trades in Transpacific, Transatlantic and Asia-North Europe & Mediterranean,...

Drewry’s WCI remains 368% higher than a year ago

Drewry’s composite World Container Index (WCI) has increased by 4% or US$344 to US$9,330.28 per 40ft container this week, remaining 368% higher than a...

Acceleration in port capacity investment insufficient to support cargo demand growth

Surging container shipping cargo demand in the wake of the pandemic has resulted in a significant improvement in the global terminal capacity outlook, but...

Carriers to achieve US$100 billion annual profits for the first time in history

Box shipping lines' yearly profits are expected to approach US$100 billion in 2021 for the first time in the history of container shipping, according...

Drewry, World Container Index – 12 March

The World Container Index assessed by Drewry, a composite of container freight rates on eight major routes to/from the US, Europe and Asia decreased...

SM Line cuts intra-Asia services to focus on transpacific trade

SM Line Corporation is shrinking its intra-East Asia services to focus on its transpacific routes now that it’s part of the 2M network with...

Drewry, World Container Index – 27 February

The World Container Index assessed by Drewry, a composite of container freight rates on eight major routes to and from the US, Europe and...

Drewry, World Container Index – 06 Feb

The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia increased...
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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...

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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