MSC UNITED VIII / Source: Vessel Finder MSC confirmed that on 26 December the 8,200 TEU container ship MSC UNITED VIII was attacked while transiting the Red Sea. “The vessel informed a nearby coalition task force warship of the attack and as instructed engaged in evasive maneuvers,” reported the Swiss/Italian ocean carrier. According to the […]

Red Sea and Bab el-Mandeb / Source: US Energy Information Administration Vessel tracking shows over 80 container ships still transiting the Red Sea and Suez Canal even after the raised threat from the Houthi Movement, which has warned it will target vessels connected to Israel. Houthi leaders have reportedly said that they would target shipping […]

Panama Canal French container shipping company CMA CGM has announced new Panama Canal surcharges for several routes worldwide. In particular, CMA CGM will implement a surcharge of US$150 per TEU for all types of cargo from the US West Coast ports of Los Angeles, Long Beach and Oakland to North Europe, Scandinavia, Poland and Baltic, […]

The world’s largest food and beverage company Nestlé is currently transporting 100% of its CMA CGM volumes to BIOFUEL+, a biofuel derived from organic waste, resulting in an impressive 84% reduction in carbon emissions. This collaboration empowers Nestlé to avoid 70,000 tons of CO2 annually, significantly cutting down its greenhouse gas shipping emissions. “Reaching net […]

Major ocean carriers have decided that their ships will not transit the Suez Canal due to recent attacks in the region. The largest container line in the world MSC has announced its vessels will not transit the Suez Canal eastbound and westbound “until the Red Sea passage is safe”. The Swiss/Italian shipping giant mentioned that on 15 […]

MSC has announced updated Freight All Kind (FAK) rates from Asia to several destinations around the world. Commencing on 1 January until further notice, a rate adjustment of US$300 per TEU will be applied to all cargo departing from Asian ports, encompassing China, Hong Kong, Taiwan, Korea, and Southeast Asia, destined for Australia and New […]

Gains in Asia-Europe freight rates are likely to be sustained throughout December as shippers rush out goods before Christmas, according to Linerlytica’s latest report, released today (12 December). On 8 December, the Shanghai Containerised Freight Index showed that Asia-North Europe rates gained 9% to US$925/TEU, while Asia-Mediterranean rates went up by 10% to US$1,387/TEU, marking a second straight week […]

The Maritime and Port Authority of Singapore (MPA) and China’s Tianjin Municipal Transportation Commission signed an agreement to establish the Singapore – Tianjin Green and Digital Shipping Corridor. Chief Executive of MPA Teo Eng Dih and Director General of Tianjin Municipal Transportation Commission Wang Zhinan signed a Memorandum of Understanding on 6 December. This agreement […]

Israeli container ships are avoiding the Red Sea region as the conflict in Gaza and the heightened regional tension have increased the risks for all ships transiting the Suez Canal. Even so, the consultancy Linerlytica said several US East Coast services are now trading via Suez to avoid the logjam at the world’s other busy […]

Orient Overseas Container Line (OOCL) aims to strengthen its China, Indonesia and Philippines network coverage by introducing two new services. In particular, the CIP1 and CIP2 services are expected to launch on 29 December, establishing direct connections among major ports in China, Indonesia, the Philippines and Singapore. The port rotation of the CIP1 service will be […]