Category: NEWS

  • Reputation matters: It’s time to digitalise ocean freight

    Global economics and conflict continue to push trade, cargo demand, capacity and pricing in unexpected directions, creating headaches for the ocean cargo ecosystem. Carrier teams are looking to work faster, understand change better and deliver stand-out service with competition for custom being so high. This all asks questions of ocean carriers’ ability to understand and […]
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  • Futures show more downside to freight rates in 2025

    Shanghai container futures trades suggest that Asia-Europe freight rates could fall further in 2025, after appearing to have peaked now. On 5 August, the index points of the EC2408 (August contract) closed at 5,627, while the EC2410 (October contract) closed at 3,585 points, losing 3% and 9%, respectively, from 29 July. The EC2504 (April 2025 contract) […]
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  • Maersk applies PSS from North Europe to West Coast South America, Caribbean and Central America

    Maersk is introducing the Peak Season Surcharge (PSS) for all dry containers from North European Countries to West Coast South America, Caribbean & Central America (excluding Mexico) destinations. The effective date is 12th July 24 for all destination countries except Colombia & Puerto Rico, where PSS will be effective from 27 July. Origin Destination Container […]
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  • Long Beach sees record box volumes in July

    The San Pedro Bay ports are experiencing a record-breaking period for cargo volumes, with the Port of Long Beach reporting its busiest July ever, following record results at the neighboring Port of Los Angeles. Port of Long Beach handled 882,376 TEUs in the previous month, translating to an astonishing 52.6% increase over the same month last […]
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  • Yang Ming vessel explosion reportedly linked to HMM-booked container

    The container that exploded on Yang Ming’s ship YM Mobility on 9 August was reportedly booked by the Taiwanese operator’s fellow THE Alliance member HMM. The incident, which occurred around 1.40 pm local time that day, originated from a reefer that was used to carry dry goods, according to Yang Ming. The container has been speculated […]
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  • Wan Hai eyes demand potential on its core trades and orders more ships

    Wan Hai Lines has commissioned up to 20 new containerships, as liner operators and tonnage providers see demand rising again on on Far East-Middle East/India trades. The Taiwanese carrier yesterday announced it had ordered a dozen 8,000 teu ships from compatriot ship builder CSBC Corp, with options for another four, and four 8,700 teu vessels […]
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  • China-to-N Europe spot rates start to fall as record peak demand eases

    2M Alliance members Maersk and MSC have reduced port calls in Europe on upcoming sailings to avoid congestion after ocean shipping demand from China to North Europe continued to break records in June.  The Danish shipping giant advised customers yesterday: “In light of the current supply chain bottlenecks faced across the network, we are implementing […]
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  • Port strikes would expose airfreight’s vulnerability to a ‘capacity crisis’

    Concern is mounting over the impact of looming US east and Gulf coast port strikes on the nation’s airfreight, with e-commerce already hoovering-up capacity as peak season nears. As reported in The Loadstar last week, the International Longshoremen’s Association (ILA) will finalise contract demands and prep US east and Gulf coast port members for a 1 October […]
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