Ocean freight container shipping spot rates are set to increase further, but there are signs the recent dramatic growth may be slowing. The latest data from Xeneta, the ocean freight rate benchmarking and intelligence platform, indicates spot rates on major trades out of the Far East will increase again on 15 June, but to a […]

Port of Montreal Container volumes dipped from May 2023 levels at the Port of Montreal, according to the latest results of the Canadian port. Container traffic at the port totaled 132,380 TEUs in May, down 3.7% from the same month in 2023, while on a year-to-date basis, container traffic was 2.1% down. Of May’s total, […]

The World Shipping Council (WSC) has released its annual report on containers lost at sea, revealing a significant decrease to 221 boxes lost in 2023. This marks the lowest number recorded since the survey began in 2008. Despite this improvement, the WSC emphasizes the ongoing necessity for rigorous safety measures and constant vigilance. Reduction in […]

The French carrier, CMA CGM Group, has announced an updated Peak Season Surcharge effective from 20 June 2024, until further notice. The surcharge applies to shipments originating from all Asian ports and destined for the Middle East Gulf, Red Sea, and Indian Subcontinent. This PSS will apply to Dry, Reefer, OOG, and Paying Empties cargo […]

OOCL Finland was named by Ms. TANG Li, Chief Executive Officer of KEECO Asia Group at a ceremony held on 25 April 2024. Orient Overseas Container Line (OOCL) is celebrating the maiden voyage of its latest two 24,188 TEU mega vessels, “OOCL Finland” and “OOCL Sweden.” With these additions, OOCL has now received ten eco-friendly […]

The United States Federal Maritime Commission (FMC) has entered into an agreement with French ocean carrier CMA CGM, after the investigations by the Commission’s Bureau of Enforcement, Investigations, and Compliance (BEIC). CMA CGM paid US$1,975,000 to resolve allegations that it overbroadly defined and applied its definition of merchant in a bill of lading to demand payment […]

Yang Ming Marine Transport’s management has hinted that the company will enter the league of 24,000 TEU boxship owners. Speaking at a shareholders’ meeting after releasing the Taiwanese liner operator’s 1Q 2024 results, GM Patrick Tu said: “On the Asia-Europe routes, we have a competitive advantage because of 24,000 TEU ships, but these belong to […]

Evergreen Marine Corporation (EMC) is turning to its in-house container manufacturer for more containers as major container makers have their slots full. The Taiwanese mainline operator announced on 14 May that it is ordering 17,500 containers from Evergreen Heavy Industrial Corp. (Malaysia), for a total price of US$65.17 million. Linerlytica’s data shows that major container […]

Singapore-based container line Ocean Network Express (ONE) has announced the launch of a new service, China-Vietnam-Thailand (CVT). The service, which will commence on 27 May, will have the following port rotation: Busan (South Korea) – Shanghai (China) – Ningbo (China) – Cat Lai (Vietnam) – Laem Chabang (Thailand) With this new service launch, ONE aims […]

Source: International Maritime Organization (IMO) Piracy and armed robbery of ships in Asian waters fell by 22% in the January-April period of 2024 compared to the same period last year. The decrease in this type of accident has mainly been caused by increased vigilance by the law-enforcing agencies in the countries with sea borders. During […]