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02/202024
Escalation! Houthi two i...
Yemen on the morning of the 19th local time, Yemen Houthi armed spokesman Yahya Sarrea issued a statement saying that the Houthi armed forces attacked the British "Ruby" cargo ship (Rubymar) through a missile, and said that the ship was seriously damaged and faced the risk of sinking in the Gulf of Aden. In addition, the Houthis also shot down a US MQ-9 Reaper drone by missile in Hodeidah province, which they control.
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02/192024
As contract season appro...
Trans-pacific shipping lines are capitalizing on the gains from the Red Sea crisis by actively negotiating contracts with Bcos, shippers and freight forwarders. The latest edition of the Delury Freight Index WCI shows that spot container prices on the Asian-West Coast of the United States have remained stable, with an average price of $4,754 per 40 feet, up about 140 percent from early December. This growth was mainly supported by strong consumer demand in the United States, with January imports
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02/072024
Sudden! Two more US and ...
On February 6, local time, Yahya Saraya, spokesman for the Houthi armed forces in Yemen, issued a statement stating that the Houthi armed forces carried out two military operations in the Red Sea, targeting a US ship "Star Nasiya" ( Star Nasia) and a British ship, the Morning Tide. The statement said that both attacks involved missile strikes, which accurately hit the target and caused damage to the ship.
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02/062024
confirm! Suspend Red Sea...
French shipping giant CMA CGM has confirmed that it will no longer sail through the Red Sea.
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02/052024
The freight index rises ...
Freight rates from Asia to North America continued to rise, with freight rates per 40-foot container from Shanghai to the West and East America increasing by 13.44% and 3.73% respectively. The freight rate per 20-foot container from Shanghai to Europe and the Mediterranean continued to fall by 4.82% and 3.84%. Recently, the latest Shanghai Containerized Export Freight Index (SCFI) rose again, increasing by 38.64 points to 2217.73 points, with a weekly increase of 1.8%.
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02/022024
Sudden! A container oper...
On the 31st, the Houthi armed forces in Yemen issued a statement stating that they launched missile attacks on another "American merchant ship" and the destroyer "Gravely". While the United States claimed to have successfully intercepted two missiles, the Houthis maintained that the attack directly hit the two ships. The statement came after U.S. Central Command reported an attack on a Houthi anti-ship missile in the Red Sea.
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02/012024
Loss of US$248 million! ...
Recently, Japan's Ocean Network Shipping (ONE) released a report stating that due to falling freight rates and a surge in new ship deliveries, operating losses in the last three months of 2023 reached US$248 million. However, the company expects to turn around earnings in the first quarter of this year. This forecast is based on previous sharp increases in freight rates affected by the Red Sea crisis.
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01/312024
Maersk’s new shipping al...
Danish logistics company Scan Global Logistics said it had received many questions about the new alliance between Maersk and Hapag-Lloyd. The high-profile new alliance will have important implications for businesses that use the two shipping lines’ customers to ship goods. Although the alliance won't officially launch until next year, many customers are hoping to get more basic information about the alliance as soon as possible. Scan Global Logistics hopes to receive more information from Maersk
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01/302024
The impact of the Red S...
Recently, at the Marine Money conference in London, Ivar Myklebust, chairman of the board of directors of Gram Car Carriers ASA (GCC), an independent Norwegian car ship owner, pointed out that the Houthi armed forces’ attacks on commercial ships resulted in the Red Sea/Suez Canal area being without car carriers for the first time in 30 years. (PCTC) passed. The incident highlights the far-reaching impact the Red Sea crisis has had on the car shipping market, far beyond what people imagined.
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01/292024
Attention! Halt! After ...
After the Lunar New Year, shipping will usher in the traditional off-season, and it is normal for freight rates to fall. However, due to the shortage of ships due to the crisis in the Red Sea, freight rates fell less than in previous years.
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