The European shipping companies Hapag Lloyd and CMA CGM have announced new charges from several Asia regions to various destinations worldwide, which will take effect from late July and August. Firstly, Hapag-Lloyd will implement a General Rate Increase (GRI) of US$300 per standard TEU and US$600 per standard and high cube FEU, from Bahrain to […]

COSCO Ship Holdings (CSH) has ordered ten ships, comprising six 14,092TEU vessels and four 16,180TEU ships from affiliate COSCO Shipping Heavy Industry (Yangzhou). The 14,092TEU ships cost US$146 million and are scheduled for delivery from December 2023 to September 2024. The 16,180TEU vessels are priced at US$155 million and are expected to be delivered within […]

The Port of Los Angeles (POLA) had the busiest June in its history, handling 876,430TEU, which represents an increase of 27% compared to the same month of last year, and a growth of 15% compared to the previous June record in 2019. Specifically, the imports conducted during June were 467,763TEU, noting a rise of 27%, […]

Evergreen Marine Corporation is reported to have ordered 6,000 new reefer containers from the Chinese manufacturers, Guangdong Fuwa Equipment Manufacturing (Fuwa), according to the Taiwan Stock Exchange Inc. & Taipei Exchange. The cost of the supposed acquisition will be US$39.975 million. Fuwa which is said to be the builder of the new reefer units is […]

The Bangladesh government has made mandatory use of a global positioning system (GPS) tracker in covered vans aiming to prevent theft of cargos on roads. The decision was taken on 12 July after the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) alleged that export goods are theft from covered vans while they are on the […]

Port Houston saw a significant uptrend for total container volumes in June, with its loaded imports breaking all-time record, reaching 139,488TEU. The total box volume for June was 292,627TEU, which shows an increase of 39% in comparison to the previous year, marking the highest June on record for containers at the port. Meanwhile, more than […]

The 20,388TEU Ever Given blocked the Suez Canal for almost a week in late March, causing a global supply chain chaos, but did not stop the record revenue pace of the canal authority. The major canal in Egypt has seen its revenues reach a record US$5.84 billion in its financial year (FY) which started on […]

The UAE-based global port operator, DP World has made an offer to the African-focused logistics solutions provider, Imperial Logistics, to acquire all outstanding shares of the company for US$4.6 per share, which translates to a total of US$890 million. The potential acquisition will enhance DP World’s capabilities, particularly in Africa, building on its infrastructure of […]

Maersk has announced it will continue not to accept any Iranian-owned containers on its vessels, applying potential fines and penalties in such cases, in a decision which is effective from 2020. “Potential fines and penalties apply to all parties, including you, who facilitate the transit of Iranian-owned containers,” highlighted the Danish carrier, which noted that Iranian […]

The Port of Long Beach (POLB) has seen a growth of 20.3% in total container volumes of June, compared to the same month last year, handling 724,297TEU. In particular, imports increased by 18.8% to 357,101TEU, while exports saw a slight decrease of 0.5% to 116,947TEU. At the same time, empty containers totalled 250,249TEU, presenting a […]