CN analysis: Container freight rates out of India begin to trend down after strong gains in July
Container freight rates on trades out of India have generally moderated in August with the exception of bookings to Europe, according to an analysis of market data for by Container News. On the westbound India-Europe trade, average spot rates for loads from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gateway […]
ESL expands Far East-Middle East network with enhanced services
ESL has announced the revamp of the existing Galaxy (GLX) and Cosmos (CMX) services, along with the introduction of the new Sirius (SMX) service. Collectively, these services enhance overall connectivity between the Far East and the Middle East, providing the most extensive and in-depth coverage in the market. According to a statement, the Sirius service, […]
MSC buys all four of Safetrans’ ships
Safetrans Line, the China-based Russia-focused liner operator, has cashed out on all four container ships. The Panamax vessels, SFT Egypt, SFT China, SFT Saudi and SFT Turkey, have all been sold to the Mediterranean Shipping Company (MSC), which continues to build its lead over its peers. The sales price of the ships was not disclosed, […]
SeaLead relaunches Far East India Express 2 service
SeaLead, a rapidly expanding global shipping line, is relaunching its Far East India Express 2 (FIX 2) service to boost connectivity between Central China and West India. The inaugural voyage is set for 12 September 2024. The FIX 2 service will provide a direct weekly route from Shanghai, with stops at Ningbo, Shekou, Nhava Sheva, […]
TT Club urges unified action to combat rising container ship fires
Following a recent series of fires aboard container ships, TT Club, an international freight and logistics insurance provider, has emphasized the urgent need for all participants in the global supply chain to ensure accurate and effective communication when transporting dangerous goods. The past four months have seen four major incidents involving container ships—two in port […]
Proposed ban on 777s at Brussels is withdrawn
The proposed ban on the operation of Boeing 777 aircraft at Brussels Airport at night has been withdrawn by Belgium’s transport minister. The ban would have had a major impact on DHL Express’ operations at the airport as it operates the widebody freighter to the Belgian hub. In June, outgoing transport minister Georges Gilkinet of […]
Transatlantic capacity withdrawal set to drive up rates
The transatlantic airfreight lane will have much less capacity from September due to the winter season and shifting of capacity to the Asia-Europe trade lane. Demand is expected to remain the same on Europe-US and US-Europe routes because there aren’t any major drivers for change in the US and Europe and the economic conditions are […]
EVA Air to use AeroSHARK technology on 777Fs
Taipei-based EVA Air will become the first Asian airline to modify its fleet of nine Boeing 777 freighters with environmentally friendly drag-reducing AeroSHARK surface technology. Lufthansa Technik’s and BASF’s jointly developed AeroSHARK surface riblet film will cover the aircraft’s fuselage and engine nacelles to reduce drag, save fuel and reduce emissions. The first EVA Air […]
After leaving Vietnam, Equinor nixes Spain and Portugal offshore wind plans
Norwegian energy giant Equinor has opted to cancel all its offshore wind projects in Spain and Portugal only days after the company closed its Hanoi office and departed from Vietnam. The decision comes as Equinor decided to reign in its spending and to prioritise capital. Another reason is the ever-rising costs tied to the offshore […]
Sea-Intelligence exposes ocean carriers’ carbon calculators inconsistencies
For the past 13 years, Sea-Intelligence has diligently analyzed the online carbon emissions calculators offered by ocean carriers, and over time, the firm has consistently uncovered significant discrepancies in the results these tools provide. “We did this exercise once again, focusing on Ocean Alliance, as all member carriers have publicly available carbon calculators. We specifically […]