Maersk applies new PSS from West Coast North, Central and South America
Due to the increased demand, Danish box line Maersk will be implementing a Peak Season Surcharge (PSS) of US$800 per dry container. The surcharge will be effective from 27 October for all cargo transiting within the following scopes: From To West Coast South America Central America Pacific, North America and Caribbean Central America Pacific West […]
Hapag-Lloyd increases rates from Indian Subcontinent and Middle East to US
German ocean carrier Hapag-Lloyd has announced a General Rate Increase (GRI) / General Rate Adjustment (GRA) from Indian Subcontinent and Middle East to the US East Coast and Gulf Coast. The new rates will apply to cargo transported in 20’ and 40’ dry, reefer and special containers, including high cube equipment. This GRI/ GRA of […]
No resolution in sight as US east coast port strike action draws closer
Potential strike action at US East Coast and Gulf Coast container ports is drawing closer as there is no resolution in sight to the ongoing dispute between terminal operators and their employees. The current master contract agreement is due to expire on October 1 and workers say they will down tools if an agreement over […]
Ningbo-Zhoushan Port to develop new 2 million TEU terminal
Ningbo-Zhoushan Port plans to establish a new terminal with a capacity of 2 million TEUs in the Fodu zone of the Liuheng port area. According to DynaLiners, the new terminal is expected to include two berths capable of accommodating vessels of 24,000 TEUs, with the potential for future expansion to handle ships of up to […]
Container volumes increase at major Japanese ports
According to preliminary data from Japan’s transport ministry, the country’s six major ports processed 1.17 million TEUs in July, representing a 3.3% growth from the previous year. This marks four consecutive months of year-on-year increase. Total exports accounted for 571,534 TEUs, up 3.3%, while imports reached 594,158 TEUs, up 3.2%. In detail, port of Tokyo […]
Market Analysis: Container rates on trades out of India continue to soften amid weakening demand
Container freight rates on the main trades out of India have continued to cool in September as the pace of exports slowed, according to an analysis of market data 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 […]
APG Cargo appoints MacFarlane as commercial manager
GSSA APG Cargo UK has appointed Sarah MacFarlane as its new commercial director. In her new role, MacFarlane will be responsible for overseeing APG Cargo UK’s commercial operations, building and strengthening relationships with key industry partners and expanding the company’s service offerings across the UK. “With a focus on enhancing customer experience and delivering tailored […]
Hong Kong customs seize tablet PCs and mobile phones from falsely declared containers
Hong Kong Customs officers seized US$21 million of undeclared electronic goods in three containers on ships bound for Singapore and Taiwan. Through intelligence analysis and risk assessment, two Singapore-bound containers, and one Taiwan-bound container were singled out as suspicious, and customs officers inspected the ships on 9 September and 19 September. The three containers were […]
Container Shipping Stocks: Key Highlights from the Past Month
This article delves into recent stock performance trends within the container shipping industry, highlighting significant fluctuations among leading ocean carriers. In the following section, we will analyze the stock trends of some of the world’s largest shipping companies, providing a closer look at their market performance. AP Moeller-Maersk AS (AMKBY) USD The stock prices for […]
Asia-Europe container trade rising in 2024
Container exports from Asia to Europe amounted to 1.59 million TEUs in July, according to Japan Maritime Center (JMC) and Container Trades Statistics (CTS). Asia to Europe container shipments increased by 6.4% from a year earlier, which was a year-on-year improvement for 17 months in a row, due to briskness in furniture, bedding, garments and […]