The Shanghai Composite export container Freight Index (SCFI) has fallen for 10 consecutive weeks after hitting a year high of 3,733.8 points.

Spot freight rates on major container lines have continued to fall over the past week as demand has remained flat, while the short-term rally that might have occurred before the golden Week has yet to materialise.

A Saint Kitts and Nevis-flagged bulk carrier was hit by a missile after leaving the Ukrainian port of Chernomorsk, the first confirmed attack on a Black Sea merchant ship in months this year.

On September 5, the Ministry of Transport released an analysis report on the capacity of domestic coastal inter-provincial freight vessels in the first half of 2024, which respectively pointed out the capacity of dry bulk carriers, container ships an

At a conference in London yesterday, the dry bulk industry said it would be closely watching the US presidential debate as its impact on the bulk carrier market was uncertain.

Danish freight forwarder DSV has successfully acquired DB Schenker, the logistics subsidiary of German state-owned rail operator DB Group, for $15.86 billion, and plans to invest about $1.11 billion in Germany over the next 3-5 years.

The newly established Premier Alliance, its alliance members Ocean Network Link Shipping (ONE), HMM, Yang Ming Shipping recently announced the Asia-Northern Europe, Asia-Mediterranean, Asia-United States East Coast around the Cape of Good Hope relate

HMM announced the 2025 east-West service network, including trans-Pacific, Asia-Europe and Middle East routes, with a total investment of $17.6 billion planned by 2030.

The strike at the Port of Rotterdam, which began on September 10, was called by port workers belonging to the Confederation of Dutch Port Trade Unions to demand the implementation of an early retirement plan.

As global trade continues to fluctuate and grow, major container ports in the United States are gearing up for another historically busy period, with September 2024 expected to be another busy peak month for U.S. ports.