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Trans-pacific container rates are up
Trans-pacific container freight rates are rising, and some routes are facing upward pressure
2024-12-31
As 2025 approaches, shippers will continue to drive up trans-Pacific container rates, and further increases are likely in the future.
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The Suez Canal has lost 60% of its revenue this year because of the Red Sea situation
The Suez Canal has lost 60% of its revenue this year because of the Red Sea situation
2024-12-31
Regional tensions in 2024 have cut revenues from Egypt's Suez Canal by about $7 billion compared to the previous year, with the Suez Canal losing more than 60% of its revenues this year compared to last year.
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Eukor strengthens its position in automotive logistics in Asia
For $4.2 billion, Eukor strengthens its position in the automotive logistics sector in Asia
2024-12-31
South Korea's Wake Ro-ro Shipping (Eukor) has successfully renewed a "historic" major contract worth $4.2 billion with Hyundai and Kia automakers.
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Maersk closes Naya VTE port
Maersk: Naya VTE port closed and restrictions imposed
2024-12-31
Shipping giant Maersk has issued an announcement that the port of Genoa VTE is about to be closed and restrictions imposed due to civil works on the rail network.
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Mae West rose 9.12%
U.S. freight rates continued to rise, with a 9.12% increase in the U.S. West
2024-12-30
Us-east and US-West routes showed strong growth, with gains of 7.66% and 9.12%, respectively.
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Panama
Panama's president has denied Mr Trump's claims that China is interfering in the canal
2024-12-30
Panama's President Jose Raul Mulino rebuked Trump's comments at a press conference after he threatened to take back the Panama Canal and claimed China was meddling in it, saying the country's sovereignty and independence should not be violated.
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DP WORLD and NLC launch direct shipping service to Bangladesh
DP WORLD and NLC launch direct shipping service to Bangladesh
2024-12-30
DP WORLD and NLC have launched direct shipping services to Bangladesh, transporting more than 1,000 containers between Pakistan and Bangladesh since the launch of the first direct route between the two countries in October.
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The 2025 tariff Adjustment plan will be implemented on January 1
On January 1, the 2025 tariff adjustment plan will be implemented
2024-12-30
The Customs Tariff Commission of The State Council announced on January 28 that from January 1,2025, the customs tariff Commission of The State Council will adjust the import tariff rates and tax items of some commodities.
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Freight rates rose in January due to port strikes in the eastern United States
Us East port strike countdown, January freight rise!
2024-12-30
The shadow of the US East Terminal strike is hanging over the shipping industry, resulting in an increase in container rates for scheduled shipments in January 2025.
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The shipping company announced a special surcharge
Port strike risk intensifies, shipping companies announced the imposition of a variety of special surcharges!
2024-12-30
A number of shipping companies, including Hapag-Lloyd, Evergreen Shipping, Star Line and Yangming Shipping, have announced plans to add additional fees such as work interruption surcharges and port congestion surcharges.
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