Suez Canal Sea-Intelligence reports that the Red Sea crisis has been going on for a month now, and the current service networks are clearly in flux, with a lot of uncertainty, especially on the services going from Asia to Europe. Danish analysts noted, “Using our Trade Capacity Outlook report, we can compare the present changes […]

Port of Long Beach in California, US The conclusion of 2023 saw the Port of Long Beach (POLB) handle 8,018,668 TEUs, marking a 12.2% decrease from the previous year, but surpassing pre-pandemic levels reported in 2019. Import volumes at the Californian port declined by 12.7% to 3,804,356 TEUs, while exports experienced a 9.4% drop to […]

In an unfortunate incident on 17 January, ZIM’s office in Piraeus, Greece, fell victim to a bomb planted by pro-Palestinian activists. The explosive event occurred during the early hours of 17 January, resulting in minor structural damage to the office building of the shipping company. Fortunately, no injuries were reported as a result of the […]

Suez Canal Container Terminal (SCCT) Photo: APM Terminals Verifiable costs for transiting the African Cape rather than the Suez Canal are around US$1,000 per box according to Xeneta chief analyst Peter Sand, who was responding to questions on how western bombing had changed the maritime supply chain seascape. Speaking after coalition forces bombed targets in […]

Maersk reefers at APM Terminals Aarhus / Source: APM Terminals Maersk has unveiled new peak season surcharges worldwide, which are going to take effect in January and February. The Danish ocean carrier is introducing a Peak Season Surcharge (PSS) as per the below table with the effective date of 8 January, excluding Vietnam and Taiwan. The […]

Source: LSS-SAPU The MV Lila Norfolk, a Liberian-flagged cargo ship, was hijacked in the Arabian Sea, off the Somalia coast, on 4 January. Reports said the bulk carrier had about 15 Indian crew members on board. Indian Navy immediately despatched a frigate and an aircraft in response to a distress call from the ship. “Responding […]

Source: International Maritime Organisation (IMO) The number of incidents of piracy and armed robbery in ships in Asian waters reached 100 this year (until 27 December), up from 84 in the entire last year and a total of 82 in 2021, according to data available with the ReCAAP information sharing centre (ISC), a regional inter-governmental […]

The French carrier, CMA CGM implemented new Freight All Kinds (FAK) rates as follows from 15 January 2024 (date of loading in the origin ports) until further notice: 20′ 40’/40’HC/40’RF WEST MEDITERRANEAN  US$3,500 US$6,000 EAST MEDITERRANEAN  US$3,600 US$6,200 ADRIATIC  US$3,550 US$6,100 BLACK SEA  US$3,650 US$6,300 SYRIA  US$3,932 US$6,773   These new FAK rates will be implemented in […]

Orient Overseas Container Line (OOCL) announced the addition of a new 24,000 TEU mega vessel to its fleet. The newest member of OOCL’s fleet was named OOCL Valencia at the shipyard of Nantong COSCO KHI Ship Engineering (NACKS). This box ship is the seventh environmentally friendly 24,188 TEU vessel in a series of twelve ordered by OOCL, as […]