Shipping companies cancelled a large number of Asia-Europe and Asia-America export voyages ahead of the National Day holiday due to fears of plunging freight rates. "More" outages are expected this year during the critical weeks of weak demand during

Danish shipping giant AP Moller-Maersk is moving quickly to sign new shipbuilding orders for up to 32 LNG dual-fuel container ships at three shipyards, worth a total of more than $6.6 billion.

Ningbo Port released its performance report for the first half of 2024, with an operating income of 14.442 billion yuan, up 16.32% year on year.

The Biden administration again delayed the announcement of steep tariffs on Chinese-made electric vehicles, batteries, semiconductors and solar cells, saying it would announce a final decision in the coming days.

The Shanghai Export container Freight Index (SCFI) showed that the index has slipped to 2,963.38 points, down 134.25 points, or 4.33%, from the previous period, falling below the 3,000 point mark, and freight prices fell back to the level at the end

The Maersk Shekou, a container ship owned by Maersk, has been involved in a serious collision in the Australian port of Fremantle, injuring two crew members, and the cause of the accident is under investigation.

Container exports from Asia to Europe reached 1.59 million TEUs in June, up 8% from a year earlier, with export growth, mainly driven by China's export growth, rising for 16 consecutive months.

Houthi rebels in Yemen have agreed to a "temporary truce" to allow the parties involved to tow the "Sunion" oil tanker that was attacked earlier to avoid environmental disaster.

Shipping consulting authority Linerlytica has issued a forecast that container freight rates will drop significantly in the next 10 months, down by up to 70%. This forecast is based on the continued downward trend of the Shanghai Container Freight In

Xiamen Port released its semi-annual report for 2024. During the reporting period, Xiamen Port achieved an operating income of 12.362 billion yuan, up 3.75% year-on-year, and a total profit of 246 million yuan, up 2.26% year-on-year.