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
Far East to Mediterranean – Rate Announcement
To continue offering a broad portfolio of high-quality services, Maersk are announcing an increase in FAK rates (Freight All Kinds) to come into effect on 4th Nov 2024. Details as
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
Strike Disruption Starts: Surge in Air freight Demand Expected
The US dockworker union ILA may only just have confirmed the east and Gulf coast port strike, but disruption is already happening – with shippers bracing for extra airfreight cos
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
