It has been a norm for the Global Container Spot Rate Indices to have weekly falls in rates, one after the other, ever since February 2022. Indices have lost as much as 70% or more, over a year and staved off over 80% of the pandemic gains, thanks to easing supply chain congestions and lesser […]

The Brazilian Association of Port Terminals (ABTP) has filled a legal request at the Administrative Economic Defense Council (CADE) of Brazil to investigate the impact of the two largest container lines in the world, MSC and Maersk, on the country’s port market. ABTP accuses the two container shipping giants of abusing their domination in the […]

A.P. Moller – Maersk announced the inaugural flight of Maersk Air Cargo´s new air freight service with scheduled flights between Greenville-Spartanburg, South Carolina (GSP) and Incheon, Korea (ICN). The scheduled transpacific operation will commence on 31 October with two weekly flights introducing the first of three newly built Boeing 767-300 freighters that have recently been […]

APM Terminals Mobile handled 56,545 TEUs the last month, making September the largest throughput month since the Maersk-owned port operating company began operations in Alabama, US in 2008. With 421,232 TEUs, moved year-to-date, 2022 volumes are now 14% higher than 2021 volumes in APM Terminals Mobile. In addition to record-breaking container numbers, intermodal rail moves […]

South Korea’s leading electronics maker Samsung Electronics has joined the list of shippers who have complained about mainline operators’ conduct to the US Federal Maritime Commission (FMC). On 26 October, Samsung Electronics’ New Jersey subsidiary accused ZIM Integrated Shipping Services of imposing thousands of detention and demurrage (D&D) charges, when the Israeli carrier did not […]

In September 2022, the total container throughput increased by 8.2%, compared to the same month last year, at the Port of Melbourne, which handled a total of 287,350 TEUs. Additionally, the Australian port’s container volume from January to September 2022 has increased by 7.3%, according to the port’s data. Last month’s full overseas imports are […]

Following a period of historically high freight rates, the container sector is now experiencing a correction. The container freight market is said to have peaked, as demand concerns linked to the health of the global economy have dulled sentiment somewhat. This has led to reduced demand across the container sector, easing port congestion across Chinese […]

Port of Kaohsiung in Taiwan Taiwan’s Ministry of Economic Affairs (MOEA) has assured that there is a low risk of mainland Chinese influence in the country’s ports after opposition lawmaker Hwang Kuo-chang brought the ministry to the attention of an article in French publication Le Point. The article alleged that the Chinese government, through the […]

In the first months of 2022, the container sector decreased by 8.6% in total weight and by 4.4% in TEU volumes at the port of Rotterdam, the busiest box port in Europe, which handled 5,752,000 TEUs from January to September 2022. According to the port, due to the war in Ukraine, container traffic between Russia and […]

After MSC’s decision to revise overweight surcharges for Indian export containers, CMA CGM has also announced a new surcharge of the same kind. Effective today (21 October), the French ocean carrier will apply an overweight surcharge of US$500 per TEU with a container gross weight equal to or over 20 tons from the Indian Subcontinent, Middle East […]