The container ship CMA CGM Balboa lost control and crashed into the dock
2024-10-09
The CMA CGM Balboa, a small container ship flying the Maltese flag, collided with a terminal in the Colombian port of Barranquilla.
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Traders beware, US Customs scrutinises incoming goods with unclear descriptions
2024-10-09
The US Customs and Border Administration (CBP) will implement stricter air cargo description requirements, strengthen supervision of imported goods, reject ambiguous descriptions, and strengthen the review of cross-border e-commerce goods.
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As the situation in the Red Sea eases, the market will face potential downward pressure
2024-10-08
Thomas Lister, CEO of container Ship owner Global Ship Lease, acknowledged in a new interview that there would be potential downward pressure on the market if the situation in the Red Sea were to ease.
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Shares of shipping companies tumbled after a port strike in the eastern United States ended early
2024-10-08
After the strike ended, Maersk and Hapag-Lloyd and other shipping companies share prices fell sharply, Maersk shares fell 8.6 percent, Hapag-Lloyd shares fell 12.8 percent.
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Cma CGM Group CNC establishes new company in Philippines
2024-10-08
CMA CGM Group CNC establishes a new company in the Philippines, CMA CGM Philippines Shipping, to improve connectivity between major Philippine ports and CMA CGM's global network.
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A tentative agreement has been reached between the two sides after a strike at the US East terminal ended
2024-10-08
A three-day strike between longshoremen and port operators on the U.S. East Coast has officially ended, with the two sides reaching a preliminary agreement and extending the main contract until Jan. 15, 2025.
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The EU's proposal to impose countervailing duties on Chinese electric vehicles has been approved
2024-10-08
Eu member states have formally voted, scheduled to take effect at the end of October, and Chinese electric car manufacturers entering the European market will face ultra-high tariffs of up to 45 percent.
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Oversupply in the container shipping market has accelerated the decline in freight rates
2024-10-08
With the arrival of the off-season and a large number of new vessels coming into service, the container shipping market is facing significant oversupply pressure, and rates are expected to accelerate the decline, allowing those non-alliance vessels w
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Riots in Haiti close Port-au-Prince, Maersk halts bookings in the country
2024-09-29
The violence led to the temporary closure of all land traffic to Port-au-Prince, the capital of Haiti, and Maersk immediately stopped accepting bookings to and from Haiti due to the unstable situation.
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SCFI fell for six consecutive weeks, and freight rates on major routes fell sharply
2024-09-29
SCFI fell for six consecutive weeks, affected by the threat of strikes in the East of the United States and the off-season, the freight rate of major routes fell sharply, and the shipping company added surcharges to cope with the risk.
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