The HMM TACOMA was on its way from Mundra Port in India to Algeciras port in Spain on December 29, 2024, when a fire broke out in hold 7 while passing through the Mozambique Channel.

Spot freight rates for shipping containers have soared in recent weeks and shippers are now grappling with rapidly rising costs, especially on the key eastbound trans-Pacific trade route.

Evergreen Shipping has determined to issue 20 times the monthly salary of the year-end bonus, each employee dividend is known to be able to get 3.1 months, estimate the fourth quarter profit, may rush to 4 months.

Maersk strongly advises customers to pick up cargo containers and return empty containers from ports in the eastern United States and Gulf Coast by January 15, 2025.

Some shipping companies in order to grab goods, provide a discount of 400-500 US dollars, and some shipping companies inform large customers that the freight rate of each large box is directly reduced by 800 US dollars.

The Peruvian coast was hit by waves of up to 4 meters on Monday and 91 of its 121 ports have been closed until January 1.

At the Port of Oakland, full load exports increased 8.5 percent to 66,619 TEUs in November from 61,390 TEUs in November 2023.

As 2025 approaches, shippers will continue to drive up trans-Pacific container rates, and further increases are likely in the future.

Regional tensions in 2024 have cut revenues from Egypt's Suez Canal by about $7 billion compared to the previous year, with the Suez Canal losing more than 60% of its revenues this year compared to last year.

South Korea's Wake Ro-ro Shipping (Eukor) has successfully renewed a "historic" major contract worth $4.2 billion with Hyundai and Kia automakers.