In the face of a prolonged crisis in sending export cargoes, Bangladeshi shippers have decided to persuade larger vessel owners to operate direct service from Chittagong port to the ports in US and Europe to face the challenges. The crisis is created due to the capacity crunch of feeder vessels, and congestion at regional transhipment […]

Hapag-Lloyd has announced increased rates from the East Coast of South America to the United States, Canada, Mexico, Central America and the Caribbean. The rate increase, which will take effect on 1 August, is US$1,000 per container and will apply to all container types (standard, reefer, tanks, flat rack, and open top) and all container […]

The Chinese shipping line, China United Lines (CULines) has increased the supply of shipping space on several services in July to face the increased global container demand. CULines will upgrade its Asia Europes Express (AEX) service in July, which, according to the company, has been widely praised by the market after it was recently upgraded […]

CMA CGM Group has announced the acquisition of Continental Rail, a private rail operator in Spain, for €25 million (US$29.5 million). The share purchase agreement was signed on 30 June and the transaction is expected to be closed early in the third quarter of the year. Continental Rail was established in May 2000 in Madrid […]

Hapag-Lloyd will apply a General Rate Increase (GRI) of US$1,000/container from the United States (US) and Canada West Coast to Arabian Gulf, Red Sea, and Indian Subcontinent, effective from 1 August. In particular, the GRI will apply for all container types for all dry, reefer, non-operating reefer tank, flat rack and open-top containers from the […]

Wan Hai Lines has confirmed an order of twelve 3,055TEU container vessels with Nihon Shipyard, which is a joint venture between Imabari and Japan Marine United. The contract was signed on 28 June 2021 and the new vessels will start taking delivery at the end of July of 2023. The Taiwanese container line, which currently […]

FIATA International Federation of Freight Forwarders Associations and the International Cargo Handling Coordination Association (ICHCA) have renewed their Memorandum of Understanding (MoU). The agreement facilitates close coordination between the two organisations to help them pursue their respective organizational goals and further mutual understanding, according to a statement. Additionally, the MoU is expected to create the […]

Mediterranean Shipping Company (MSC), the owner of MSC Messina, has denied the reports that mention the crew members of the 4,743TEU vessel suffer from a lack of food and water after the fire incident on 25 June. “The vessel has an adequate, proper supply of food and water onboard and is being towed to Singapore […]

CMA CGM has announced its EUROSAL service will suspend the call at the Port of Le Havre for a period of three months starting from 6 July. The French shipping carrier said it made this decision due to heavy congestion and lack of productivity in the latest months in North Europe, which have affected the […]