• Author Archive

Author: PamCargo

  • PIL extends Heliconia talks and offloads more ships

    Pacific International Lines (PIL) has informed the Singapore Exchange that it is again delaying filing its annual return, with the names of the latest shareholders and paid-up capital figures, which was to be submitted by 29 September 2020. The Singapore company is still in bailout discussions with Heliconia Capital, a unit of the Singapore government’s investment company […]
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  • CMA CGM raises Asia to Europe rates

    CMA CGM has announced its intention to raise rates on the Asia to Europe trades from the 1 October. Freight of all kinds (FAK) will be reviewed on or before the 14 October, said the line. The new rates are as follows: Origin Range: From all Asian ports, including Japan, Southeast Asia and Bangladesh. Destination […]
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  • New container port planned around Ho Chi Minh City

    Due to growing container traffic, the Vietnamese government is planning to build another container port on the outskirts of Ho Chi Minh City, with a number of sites under consideration. Container volumes between East Asia and Southeast Asia, especially Vietnam, have increased due to trade tensions between the US and China, with manufacturers to shifting production […]
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  • Maersk and Hapag push up Asia rates

    Maersk Line and Hapag-Lloyd have announced rate increases out of Asia to a number of destinations in North America and Africa. In the first instance, the carrier will apply higher rates from Pakistan, United Arab Emirates (UAE) and the Indian Subcontinent to North America, effective from 1 November. Origins Destinations Cargo Type 20DC / 40DC […]
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  • Australian shippers angered by congestion surcharges amid delays, diversions

    (This story has been updated to reflect surcharges and service adjustments announced by Hapag-Lloyd on Tuesday). Australian shippers are outraged after Hapag-Lloyd, CMA CGM, ANL, and Mediterranean Shipping Co. announced plans to introduce an emergency port congestion surcharge on all containers to and from Sydney. That comes amid an escalating congestion crisis that has already […]
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  • Hapag-Lloyd implements new Australia charges

    Hapag-Lloyd has announced price increases in its Australia trades, which will take effect from October and November. First of all, the German carrier will apply a general rate increase (GRI) from North East Asia, South East Asia, Middle East and Indian Subcontinent to Australia as of 1 November for all dry, reefer, non-operating reefer, tank, […]
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  • Australian port congestion ongoing

    In spite of the relief brought through the cancellation of imminent industrial action at DP World Australia’s (DPWA) terminal in Sydney congestion at a number of terminals remains. As a result of ongoing industrial action organized by the Maritime Union of Australia (MUA) congestion at Port Botany, in south Sydney has carriers such as Maersk […]
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  • Rising demand tightens China air freight space

      Air cargo volume out of China through August — deep in the industry’s traditional slack season —  has continued to improve, driven by a rise in demand for e-commerce products from consumers. While the volume of air cargo exports from China was 17 percent down on the same month last year, that was a major improvement on […]
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  • Air cargo capacity concerns fade, but rates still rising

    Fears that the reopening of major economies will place further pressure on limited air cargo capacity are fading as airlines deploy growing numbers of passenger aircraft in all-cargo roles to supply countries battling the coronavirus disease 2019 (COVID-19). Even so, there has been no easing of sky-high freight rates. The price per kilogram from Shanghai […]
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