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 […]

Ocean Network Express (ONE) has unveiled its latest service – the Japan Taiwan Cat Lai (JTC) service. JTC is designed to offer customers enhanced connectivity through new direct services, ensuring swift transit times, notably just four days from Tokyo to Taipei/Taichung. The boxship Interasia Pursuit is scheduled to dock in Tokyo on 22 January 2024, […]

Shippers and forwarders are becoming increasingly concerned about carrier price gouging on the Asia to Europe services citing massive increases in charges that are being merged into a single charge from January. According to one forwarder, who wanted to remain anonymous, carriers are citing increases for a peak season surcharge, increased fuel charges and security […]

CMA CGM is about to surpass Mediterranean Shipping Company as the largest intra-Mediterranean operator, according to Alphaliner. The French carrier has increased the number of ships and currently deploys much larger vessels in the Mediterranean compared to a year ago. Currently, CMA CGM operates 60 ships of over 96,000 TEUs in the intra-Mediterranean market, after […]