News Center-Sungreen Logistics

Maersk's miscalculation of congestion at Tanjong Parapas port in July has been refuted

2024-08-12

Maersk informed customers that two trips on its Southern Star route would be skipped to Singapore and Sydney due to congestion at Tanjong Parapas and Singapore ports. But the port of Tanjong Palapas countered that there was no congestion in July, whe

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Guangzhou Port in July sea and rail combined transport volume exceeded 53,000 TEU

2024-08-12

In July, the combined transport volume of Guangzhou Port and railway exceeded 53,000 TEU in a single month, setting a new monthly record high. According to statistics, from January to July this year, the cumulative completed volume of Guangzhou Port

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A container ship and two US destroyers were attacked by the Houthis

2024-08-09

Yemeni Houthi armed spokesman Yahya Sarea said in a statement that in the Gulf of Aden, the Houthis used multiple ballistic missiles and drones to attack the container ship "Contship Ono" and two U.S. destroyers "Colon" and "Laboon" in the Red Sea.

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MSC resumes Asian-US East Coast free route service USEC Liberty

2024-08-09

MSC today announced the relaunch of its Asia-US East Coast Free route service as rates on the route continue to remain stable during the market correction.

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Freight rates from Asia to Northern Europe fell

Asia to Northern Europe freight rate decline, 2M will reduce the number of stops on the route

2024-08-09

As sea freight demand from China to Northern Europe continued to set records in June, 2M alliance members Maersk and Mediterranean Shipping have reduced the number of stops in Europe on future flights to avoid congestion.

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High growth trend, Maersk announced the second quarter results

2024-08-09

Maersk continued to grow in the second quarter of 2024, thanks to improved profitability in the Marine business, solid growth in logistics and services and excellent performance in the terminals business.

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Maersk announced the latest fleet renewal plan, will add 60 new capacity

2024-08-09

Maersk announced the latest fleet renewal plan on its website, including the ongoing signing of dual-fuel new building orders and charter contracts, in order to renew capacity of approximately 160,000 TEU per year as planned.

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Shipping companies constantly adjust their rates

The container index has fallen by more than 40%, and shipping companies are constantly adjusting freight rates

2024-08-09

In the first half of the year, the container freight rate, which has repeatedly reached a record high, has been significantly loosened. On the one hand, a number of shipping giants began to reduce the quotation, the Asia-Europe route 40-foot containe

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Supply chain chaos continues in Bangladesh

More than 40,000 containers were stranded in port and ships were forced to wait for more than a week in the Bay of Bengal

2024-08-08

Bangladesh's civil unrest has caused serious disruptions in the supply chain, shutting down factories, halting exports, disrupting seaports, airports and customs processes, and forcing many ships to wait more than a week in the Bay of Bengal.

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Could freight rates fall further in 2025?

2024-08-08

Container futures trading in Shanghai suggests that freight rates between Asia and Europe could fall further in 2025 after appearing to have peaked for now. Although rates have held up much better than Asia-US West Coast and Asia-Mediterranean rates,

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