The reduction of shipping lines, especially the US-West route, coupled with the threat of strikes in the East, led to the diversion of goods from the East to the West, and the freight rate was rapidly approaching. Market rate volatility is high and e

The market wind has changed! Asian to Europe and trans-Pacific container spot freight rates fell significantly in the past week, affected by slowing demand, shipping companies began to cancel trips and face price war pressure, indicating that the mar

Tianjin Port Group and DP World signed a strategic cooperation agreement in the Jebel Ali Free Zone of the United Arab Emirates. The two sides will strengthen cooperation in the areas of route business, logistics business, technology and investment,

In the first half of 2024, the new capacity of 77 ships, 2.462 million deadweight tons; No compulsory scrapping of ships; Enterprises carried out capacity adjustments, and a total of 102 ships with 2.771 million deadweight tons of capacity were withd

Wage talks between the International Longshoremen's Association and port operators have broken down, threatening a strike involving about 45,000 longshoremen at US eastern and Gulf Coast ports from October 1 that could spark disruption in the global

Medlog, a division of Mediterranean Shipping (MSC), has completed the acquisition of UK-based logistics company Maritime Group.

The Dali, the container ship that crashed the Francis Scott Key Bridge, will soon leave its repair shop in Norfolk, Virginia, for extensive repairs at a Chinese shipyard.

The main contract of the freight index (European line) fell more than 15% during the day, and the freight rate has recently experienced a significant acceleration of the reduction process, which is reflected in the sharp decline in freight rates, the

The Port of Hamburg was once again in the grip of a large-scale strike on September 4, this time by workers in the port of Hamburg to demand more favorable wage contract terms. This action is expected to have a direct impact on all terminal operation

A fully loaded Capesize bulk carrier, the INDIAN PARTNERSHIP, ran aground off the east coast of Misor Island in Indonesia's southwestern Papua province.