Port of New York & New Jersey has announced an updated version of its port supply chain dashboard, a tool that aims to increase efficiency and transparency at the US port. The Port Authority of New York and New Jersey added data about Daily Average Turn Times and Weekly Import Container Dwell Time to the […]

While container freight rates across trades out of India have cooled over the past few months, new data obtained by Container News from local forwarder sources now point to a more precipitous slide in intra-Asia connections. Rate levels from India to Central/North China, Singapore and Hong Kong have slid between 30% and 50% this month from the […]

Singapore is now facing the possibility of being overtaken by China’s Ningbo-Zhoushan port as the world’s second-busiest container port, 12 years after losing its crown as the world’s busiest box port to Shanghai. Alphaliner’s latest report on 21 September noted that Ningbo-Zhoushan handled 17.54 million TEU in the first half of 2022, just 1.08 million […]

Yang Ming Marine Transport chairman Cheng Cheng-mount has asserted that the ongoing correction in container freight rates is just a blip and the market should not be worried that the segment could return to its pre-pandemic struggles. At an investment seminar organised by Taiwan Stock Exchange on 12 September, Cheng said that China’s Covid-19-related lockdowns […]

MSC Amelia MSC is facing a default judgement from the US Federal Maritime Commission (FMC) in the complaint brought by US furniture maker MCS Industries, after the Swiss-Italian liner giant failed to submit documents that the FMC had ordered to be turned over as part of the proceedings. In July 2021, US furniture maker MCS […]

Hapag-Lloyd and Bolloré Logistics have recently signed an agreement to promote the use of marine biofuel and contribute to the reduction of their maritime greenhouse gas (GHG) emissions. This commitment, starting on 1 September, for a weekly allocation of 100 TEUs transported with biofuel, will allow a reduction of around 1,500 tons of CO2 emissions […]

Maersk Kanoo UAE signed an agreement with Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, for its new warehousing and distribution (W&D) facility in Dubai. With its second warehousing & distribution (W&D) facility spread over 15,000m² at Dubai South, the Danish company strengthens its network in the United Arab […]

Sea-Intelligence revisited its analysis of the eventual normalisation of supply chains and the potential impact on empty container flows. The underlying data for this model comes from the Flexport Ocean Timeliness Indicator (OTI) data, which measures the time it takes from when the cargo is ready at the exporter to the importer’s delivery. “Pre-pandemic, the […]

Yang Ming Marine Transport has issued a statement to refute media speculation that the departure of two independent directors on 2 September was due to slow and inefficient decision-making that caused the Taiwanese liner operator to miss out on opportunities to expand its fleet when freight rates were at all-time highs in the past year. […]

APM Terminals Mumbai in India The government of India has announced a liberalised public land leasing policy for investors seeking to bid on rail-linked freight terminal projects. The policy update is part of New Delhi’s flagship “Gati Shakti” scheme, designed to provide multimodal connectivity infrastructure support to various economic zones. Under this programme, launched in […]