ONE announced the upgrade of WA1 and SW2 routes from Asia to West Africa, and the upgraded WA1 route will add Cotonou port, which will no longer cover Qingdao Port, and the service attached to Qingdao Port will be provided by SW2 route.

Soren Toft, CEO of MSC, believes that as the global supply chain changes, cargo owners will be more inclined to choose a wider range of port calls in the future, rather than just looking for speed.

Southeast Asia saw a significant increase of 6.8%, while demand growth in the Middle East slowed to just 2.5%.

Although the strike on the East Coast of the United States was short, lasting only three days, the underlying deep-seated conflict related to port automation was not fundamentally resolved, but was postponed until January 15, 2025.

In the third quarter of 2024, the China shipping climate index was 112.23 points, down 9.81 points from the second quarter, and the China shipping confidence index was 113.17 points, down 28.72 points from the second quarter.

In the first three quarters, COSCO Offshore achieved EBIT of about 54.414 billion yuan, an increase of about 63.72%, and net profit of about 43.340 billion yuan, an increase of about 66.67%.

The CMA CGM Balboa, a small container ship flying the Maltese flag, collided with a terminal in the Colombian port of Barranquilla.

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.

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.

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.