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11/232023
The United States has im...
The move comes after the United States last month imposed sanctions for the firs
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11/222023
It's congested! 96 ships...
Severe congestion in South Africa's ports has forced shipping companies to abandon services to the country.
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11/212023
The West Coast is overso...
The West Coast is oversold! Cma CGM calls on shipping companies not to grab goods in the off-season and engage in freight wars. The freight war started, dragging the Shanghai export container freight index SCFI below 1000 points again. The latest quote on the 17th continued to fall 2.94% to 999.92 points. The freight rates of major routes in Europe and the United States all fell, of which the US-West route fell 7.98% per 40 feet container, the Mediterranean route fell 3.13% per 20 feet container
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11/202023
Twenty-eight billion dol...
Thailand is launching a multi-billion dollar project that would dramatically cut shipping times between the Indian and Pacific Oceans by bypassing the Strait of Malacca, one of the world's busiest shipping lanes, Bloomberg reported.
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11/162023
Over $2.2 billion in los...
The Israeli container liner announced its consolidated results for the third quarter and nine months ended September 30, 2023. Net loss reached $2.27 billion in the third quarter of this year, compared with a net profit of $1.166 billion in the third quarter of 2022. The loss for the quarter was primarily driven by a non-cash impairment loss of $2.063 billion.
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11/152023
The longest queue time i...
The impacts of the Panama Canal and global trade are also escalating due to global warming and ongoing climate drought. Data from the Panama Canal Authority shows that as of the 13th local time, there were approximately 126 cargo ships waiting to pass near the entrance to the Panama Canal, and the queue may last as long as 12 days. The latest auction for ship passage, known as the "queue-jumping fee," hit a record of nearly $4 million, significantly raising the cost of transporting goods across
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11/142023
Ranking fifth: Net profi...
Recently, Hapag-Lloyd has just released unaudited financial results for the first three quarters of 2023.
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11/132023
What accounts for Maersk...
Hong Kong Linerlytica analysis said that the sudden sharp drop in container rates in the third quarter was the result of Maersk Line's attempt to regain market share. Container rates have fallen sharply so far this year due to a double shock to market fundamentals: falling demand and soaring capacity, with record order levels translating into deliveries.
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11/102023
Hong Kong Customs has cr...
Hong Kong Customs has cracked one of the biggest suspected cases of solid crystal meth in recent years.
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11/092023
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