The French shipping line CMA CGM has published a series of freight rate increases for shipments in Europe, the Mediterranean and Africa, which will be applicable from September and October. Firstly, the major liner operator has set the following Freight All Kinds (FAK) increase from the Indian Subcontinent, India, Pakistan and Africa to the port […]

A ray of hope for Indian exporters is expected in the current week as the Commerce Ministry in India has assured that they will announce short-term measures to ease the situation of acute container shortage and skyrocketing box prices caused by the Covid-19 pandemic. India’s Commerce Secretary BVR Subrahmanyam stated to the media that the […]

A new terminal at the Port of Haifa, which will be operated by the Chinese Shanghai International Port Group (SIPG), has officially been opened. The new US$1.7 billion Bay Port at Haifa will be capable to handle container ships with a carrying capacity of 18,000TEU or more, allowing larger classes of cargo ships to dock in […]

The Port of Valencia leads the container traffic in Spain both in imports and exports by exceeding 1.4 million TEU of the total 3,587,921 containers transported in the country between January and July. The number of import/export containers passing through Valenciaport between January and July has increased by 19% compared to the previous year and […]

APM Terminals has announced that a series of investments initiated in 2020 aimed at equipment and capacity upgrades at the Suez Canal Container Terminal (SCCT), together with a strong partnership with the Government of Egypt, Suez Canal Economic Zone (SC Zone), sets the foundation for further future growth. The US$60 million investment consists of projects […]

The two largest container lines in the world, Maersk and MSC, have announced new rates to Australia and New Zealand destinations, which are expected to take effect in the next months. Firstly the Danish carrier will apply a rate increase of US$200 / 20′ ft equipment and US$400 / 40′ ft equipment from the United […]

Hapag-Lloyd has confirmed a new order of 75,000TEU dry boxes, which will be manufactured in China and delivered to the German carrier within the fourth quarter of 2021. This announcement comes almost three months after the company’s latest container order of 60,000TEU in May. Adding up all investments into containers since the beginning of 2020, […]

The global major port operator Cosco Shipping Ports Limited (CSP) has published its interim financial and operational results for the first half of the year, recording increases in all sectors. In particular, CSP’s gross profit had a robust rise of 49.6% over H1 of 2020, exceeding US$148 million, while gross profit margin increased by 4.4 […]

Cảng Container Quốc tế Đảo Meishan (MSICT) của Cảng Ninh Ba đã gần như trở lại hoạt động bình thường, sau khi nhiễm trùng Covid-19 đã tạm dừng hoạt động ở đó vào ngày 11 tháng 8. Nhà điều hành hãng tàu Pháp CMA CGM cho biết trong một cuộc tư vấn khách hàng vào […]

Ningbo Port’s Meishan Island International Container Terminal (MSICT) has nearly returned to normal operations, after a Covid-19 infection halted operations there on 11 August. French liner operator CMA CGM said in a customer advisory on 24 August that MSICT has been resuming partial operations since 18 August. “We expect a gradual return to full operations […]