Houthis On Track to Earn $2B Annually from Shipowners
An as-yet-unreleased UN report suggests that Yemen’s Houthi rebels have figured out a way to monetize their blockade of the Red Sea: insiders report that the group is operati
Typhoon Kong-ray creates congestion at Shanghai ports
Asian container ports Shanghai, Ningbo and Kaohisung are working through congestion after Typhoon Kong-Rey blew through last week. And Kong-rey, which made landfall in Taiwan on Th
Freight Rates to Stay High Next Year, Predicts Drewry
Some three million teu of new tonnage arriving next year will most likely be “more than offset” by further market disruption, ensuring no respite for embattled shippers, accord
Bottlenecks Emerge in Asia Ahead of Air Freight Peak Season
On the eve of the peak airfreight season, most Asian gateways are running without problems, but some bottlenecks have begun to appear, particularly out of South-east Asia and the P
Evergreen Chief Predicts Transpac Contract Rate Increases in 2025
Evergreen is to raise its transpacific contract rates for 2025, announced president Wu Kuang Hui on Friday, due to global supply chains being impacted by the impending dockers’ s
Liner Schedule Reliability Shows Some Improvement Amid Strike Disruptions
On the eve of possible widespread disruption due to industrial action across US east and Gulf coast ports, schedule reliability across the container shipping sector has been margin
Next Year’s Global Liner Reshuffle: Who Will Win and Lose?
As the dust settles on yesterday’s series of major liner announcements ahead of February’s alliance reshuffles, analysts suggest the winners from the slew of releases are the f
Insurance Claims Rise as Box Ships Face Harsh Cape Weather
There has been a prolific rise in weather-related cargo loss and insurance claims since carriers have been forced to brave the extreme conditions round the Cape of Good Hope to esc
Singapore Expands Night Container Operations to Reduce Backlog
The Maritime and Port Authority of Singapore working in conjunction with PSA, other operators, and the carriers in the port continues to take steps to increase efficiency and ensur
Severe Weather Causes Container Loss Off South Africa
A CMA CGM containership lost some 99 containers overboard in heavy weather last week off the east coast of South Africa, the South African Maritime Safety Authority (SAMSA) has rep
