Asyad Group, Oman’s end-to-end global logistics provider, has acquired Skybridge Freight Solutions (SFS), a global freight forwarding company. This move is the group’s first international acquisition in core logistics activities and marks a strategic move to significantly expand Asyad’s footprint through active operations in key trade hubs and the major economies of China, India, the […]

© HHM / Glaubitt The massive IT outage caused by the CrowdStrike update led to thousands of delayed or cancelled flights worldwide over the weekend as airport and airline systems went black. Though many – but not all – carriers were able to restore operations relatively quickly, delays are expected for impacted shipments as the backlog is […]

CMA CGM Benjamin Franklin The 18,000 TEU container vessel CMA CGM Benjamin Franklin encountered severe weather off the coast of South Africa, resulting in the loss of 44 containers and damage to 30 more boxes. This incident occurred on 9 July, while the 2015-built container ship was en route from Asia to Europe. “No injury […]

CNC has completed its maiden call at Chan May Port in Vietnam on 9 July on the Japan-South Korea-Vietnam-Thailand (JTVS) service. The container vessel CNC Jupiter arrived at the Chan May Port, which as the sole port in Thua Thien Hue province, it plays a critical role in the region’s trade. The JTVS service will […]

Ocean Network Express (ONE) has announced the launch of a new shuttle service, the Asia Latin America Express 4 (ALX4), to meet the growing demand for cargo transport from Asia to Mexico’s West Coast. The service will commence with the vessel ONE Reputation, expected to arrive in Shanghai on 16 August 2024. The port rotation […]

Port of Singapore Global container port congestion is now around 9 million TEU, close to the peak of 9.6 million TEU seen during the Covid-19 pandemic, according to a Clarksons report. The world’s largest shipbroker said in a report that the Red Sea crisis, which has seen container vessels detouring round the Cape of Good […]

Estelle Maersk / Source: www.vesselfinder.com Maersk has announced updates on its peak season surcharges (PSS), which will take effect from mid-February. The Danish ocean carrier is decreasing the PSS from China, Hong Kong and Taiwan to Kenya for all types of containers. Origin Destination Charge Basis Container CUR Levels China, Hong Kong China, Taiwan China […]

From January to May 2024, Chinese ports handled a container throughput of 132.8 million TEUs, marking an 8.8% increase year-on-year. During the same period, Shanghai Port’s container throughput reached 20.9 million TEUs, reflecting an 8.6% year-on-year rise, while Ningbo Zhoushan Port handled 15.8 million TEUs, a 6.5% year-on-year increase. Beibu Gulf experienced the highest increase […]

MSC has announced the launch of its new weekly service, Osprey, between Asia and South East India. The Osprey service will offer a direct route and improve transit times between the Asian and South East Indian markets, opening opportunities for importers and exporters in the region and providing increased connectivity between these important trade hubs. […]