Raising the prospect of market corrections, Mediterranean Shipping Co. (MSC) has recalled its trade advisories seeking new rate increases on India-US routes, ostensibly because of growing demand challenges. MSC had planned to apply a hefty general rate increase (GRI) of US$1,500 per container from mid-August, followed by a peak season surcharge (PSS) of US$ 1,000 per […]

OOCL Germany Orient Overseas Container Line’s (OOCL’s) net profit for the first half of 2022 doubled from the same period of 2021 to US$5.66 billion, even as the Hong Kong-based carrier moved fewer containers as the freight market corrected. During the first six months of the year, OOCL, which was acquired by COSCO in 2018, […]

Yang Ming Marine Transport will order 18,600 containers from Dong Fang International Container (Hong Kong), expecting to spend US$95 million – US$105 million on the new equipment. The Taiwanese liner operator said that it requires more containers as it continues to take delivery of newly built ships, while older boxes will have to be scrapped. […]

The Port of Oakland’s total loaded container volumes were 116,629 TEU in July, which translates to a 28% drop compared to the same month last year. Loaded imports were down by 26.7% recording 69,463 TEU last month, while loaded export containers experienced a 30.8% decline, with 47,166 TEU transiting through the port in July. “The […]

The Port of Los Angeles (POLA) processed an estimated 935,345 TEU in July, breaking the previous record set in 2019 by 2.5%. The Californian port has set monthly records in five of seven months in 2022. POLA executive director, Gene Seroka said, “we continue to move record amounts of cargo while working down the backlog […]

From left: Declan Ee, co-founder of Castlery.com and Rupesh Jain, managing director of Maersk Thailand, Malaysia and Singapore Maersk has entered into a partnership with Castlery, a Singaporean furniture retailer, for a multi-year global integrated logistics and fulfilment agreement. Through the partnership, Castlery expects to reduce wait times for orders to one to two months […]

PSA Singapore has withdrawn a ban on carrying hydrogen peroxide through the port from Bangladesh and other countries. The ban was imposed on 9 June, five days after the fatal fire and blast incident that occurred on 4 June at BM Container Depot in Chittagong which killed 49 and injured several hundred. Following the imposition of the […]

BF Tiger / Source: VesselFinder A container ship chartered by Maersk Line has resumed its voyage after colliding with a general cargo ship. In the early-morning accident on 7 August, the 2,824 TEU BF Tiger, chartered from Fooroohari Schiffahrts, was underway from Qingdao to Hong Kong when it collided with a Chinese domestic general cargo […]

Port of Felixstowe Port workers at Felixstowe are set to strike for eight days from Sunday 21 August until Monday 29 August, after rejecting the latest pay offer from port operator Hutchinson Ports. Felixstowe is one of the UK’s top container ports and a critical hub in the region’s logistics network. Any disruption will be a key […]

The US Federal Maritime Commission (FMC) is seeking public comment on whether supply chain congestion has created conditions that warrant the issuance of an emergency order requiring common carriers and marine terminal operators (MTOs) to share information with shippers, truckers and railroads. The Ocean Shipping Reform Act of 2022 (OSRA), enacted as Public Law 117-146, […]