CMA CGM has announced increased Freight All Kinds (FAK) rates from Asia to the Mediterranean, effective from 1 to 14 May (date of loading in the origin ports) until further notice: FROM ASIA 20′ 40’/40’HC WEST MEDITERRANEAN US$3,800 US$5,200 ADRIATIC US$3,900 US$5,300 EAST MEDITERRANEAN US$3,900 US$5,300 BLACK SEA US$4,000 US$5,400 ALGERIA US$5,100 US$6,800 TUNISIA US$4,600 […]

Maersk has announced increases in its peak season surcharges from several ports in Asia to Kenya, effective from 29 April and 13 May. Below are the details of the revised tariff amounts: Charge name Origin Destination Rate basis Container Rate Peak Season Surcharge Brunei, Vietnam, Indonesia, Cambodia, Laos, Myanmar (Burma), Malaysia, Philippines, Singapore, Thailand, East […]

CMA CGM has notified its customers about the implementation of a Peak Season Surcharge (PSS02) effective from 16 April 2024 (loading date) until further notice. This surcharge applies to shipments from China to various destinations including Angola, Congo, DRC, Namibia, Gabon, Cameroon, Nigeria, Côte d’Ivoire, Benin, Ghana, Togo, and Equatorial Guinea. The surcharge rate for […]

The Port of Riga has taken the initiative as a founding member of the Association of Four Sea Ports by endorsing a collective commitment with Cartagena in Spain, Trieste and Monfalcone in Italy, and ports along the North Sea in Belgium and the Netherlands. The shared objective of this declaration is to bolster port operations […]

In the first quarter of 2024, the total revenues of Orient Overseas Container Line (OOCL) decreased by 9% year-over-year to US$2 billion. At the same time, the carrier’s total liftings increased by 3.4% to 1.8 million TEUs, with the loadable capacity also showing a growth of 2.2%. Additionally. the overall load factor experienced a 0.9% […]

Israeli ocean carrier ZIM received the 15,248 TEU container ship ZIM Mount Vinson on 3 April, the last unit in the series of 10 same-size vessels built by Samsung H.I. for Seaspan. ZIM has chartered these 10 boxships for 12 years increasing its total operated capacity to 714,800 TEUs, lifting the Haifa-based box line over […]

HMM Oslo South Korean ocean carrier HMM has signed a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) on supply cooperation of Clean Marine fuel. This agreement will focus on bunkering methanol and LNG at Shanghai Port in China, while it also covers supporting carbon reduction goals, promoting global shipping new energy cooperation, […]

Recent service networks released by the container shipping alliances reveal a noticeable trend: Major shipping companies are rapidly scaling back their presence in Hong Kong along East-West shipping routes. Gemini’s latest network overview reveals no scheduled direct deep-sea calls to Hong Kong. Likewise, the Ocean Alliance’s 2024 network update shows a significant reduction in direct […]

Wan Hai container ship Wan Hai Lines is issuing US$320 million of bonds to improve its financial structure, after the Taiwanese liner operator sank into the red. Wan Hai incurred a net loss of US$188.5 million in 2023, which deteriorated from a net profit of US$3.04 billion in 2022, ending 13 straight profitable years. The […]