CMA CGM increases freight rates from Asia

French ocean carrier CMA CGM has announced new Freight All Kinds (FAK) rates from Asia to North Europe, the Mediterranean and North Africa. The following increased rates will be effective from 15 December until further notice and will be applied to dry, out of gauge (OOG), paying empties and reefer cargo. 20’GP 40’GP/40’HC/40’REEFER Asia to […]

Dramatic rescue in Taiwan after container truck nearly goes off highway

A container truck departing Kaohsiung port was left half hanging in mid-air after the driver lost control and hit the guardrail of a highway in the city. Taiwanese police said that the accident, which happened around 9.20 am (local time) on 16 November, is believed to have been caused by speeding along National Highway 1, […]

Port of Long Beach and Long An International Port sign collaboration agreement

Mr. Vo Quoc Huy, Chairman of Long An Port JSC, and Mr. Mario Cordero, Chief Executive Officer of Port of Long Beach, signing the Letter of Intentat 5:00 p.m., November 15, 2023 in San Francisco, California, USA Vietnam’s Long An International Port and California’s Port of Long Beach signed a letter of intent on 15 […]

Hapag-Lloyd announces Asia-West Africa service update

Hamburg-based container line Hapag-Lloyd has decided to upgrade its Asia-West Africa (AWA) service, effective from 5 December. The German ocean carrier said it will establish “an extended port coverage from Asia to South West African ports”. The new rotation will include direct port calls in Kribi, Cameroon and Walvis Bay, Namibia. The updated port rotation […]

ZIM reports over US$2.2 billion loss in third quarter

ZIM Sammy Ofer in Panama Canal Israeli container line ZIM has announced a net loss of US$2.27 billion in the third quarter of the year, while the company achieved a US$1.66 billion net income in the same period last year. Similarly, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of the company sank by […]

Maersk opens seven new facilities in Australia

Danish shipping company Maersk has decided to strengthen its omnichannel-fulfillment capabilities in Australia, opening seven new facilities across the country. The expansion plans coincide with Maersk’s 30th anniversary in Australia. The new facilities are part of the company’s global integrator strategy. Four sites have already opened earlier this year, while the remaining three will be […]