ICTSI’s East Java Multipurpose Terminal appoints towage and pilotage service provider
East Java Multipurpose Terminal (EJMT), operated by International Container Terminal Services, Inc. (ICTSI) in Lamongan Regency, Indonesia, has appointed Sinarmas LDA Usaha Pelabuhan (SLUP) as its preferred provider for towage and pilotage services. “We are very pleased to begin our partnership with SLUP, which shares our commitment to meeting customers’ needs by using modern and […]
Schedule Reliability Report: Maersk Leads the Pack, Wan Hai Lags Behind
In September, ocean carriers’ global schedule reliability declined by 1.2%, compared to August levels, falling to 51.4%, according to the latest Sea-Intelligence’s Global Liner Performance (GLP) report. Source: Sea-Intelligence.com, GLP Report, issue 158 “While schedule reliability in 2024 has stabilised within the 50%-55% range, it’s been on a slight downward trend since the May peak,” […]
Canadian dockers employers association rues impasse ahead of today’s strike
Canada’s Maritime Employers Association (MEA) is asking the Minister of Labour and Seniors, Steven MacKinnon, to appoint a special mediator as it has so far failed to reach a consensus with the International Longshoremen’s Association (ILA), which has called for strike action in Montreal port’s Viau and Maisonneuve terminals today (31 October). Since December 2023, […]
ONE reports nearly US$2 billion in profit for Q2 FY2024
Singapore-headquartered container carrier Ocean Network Express (ONE) released its financial results for the period July-September 2024, which is the second quarter of the company’s FY2024. ONE’s revenue for this period reached US$5.86 billion, translating to a massive increase of 65% from the same quarter of 2023. Additionally, the company’s net profit was close to US$2 […]
CN analysis: Freight rates out of India continue to slide amid persistent demand woes
Container freight rates on trades out of India have continued to drop in October amid export trade growth challenges, 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 Gateway (UK) or […]
Hapag Lloyd increases FAK rates from Far East to Europe
Hapag Lloyd announced that ocean tariff rates for Freight of All Kinds (FAK) between the Far East and Europe will increase. This rate increase will apply to cargo transported in 20’ and 40’ dry and reefer containers, including high cube equipment, for sailings from 15 November 2024. The updated rates will be as follows: From […]
MSC announces fresh rates from Asia to Med
The world’s largest ocean carrier MSC has announced the following new Freight All Kind (FAK) rates from Asia to the Mediterranean. Effective as from 15 November 2024 but not beyond 30 November 2024 from all Asian ports (including Japan, Korea & Southeast Asia) to Europe, the new rates will be as follows: Port of discharge New […]
Elevate Your Online Identity: The Magic of AI Headshot Generators
Maintaining a strong online identity is vital for both personal and professional growth. AI headshots have revolutionized our online presence, offering seamless solutions for creating flawless, high-resolution headshots. Capture your essence with Portrait Pal – where every portrait tells your unique story, beautifully and effortlessly. Albeit you’re building your brand or enhancing your business profile, […]
“Desperate” carriers face battle to raise spot rates
European importers are locked in contract negotiations with an increasingly desperate group of container lines attempting to bolster short-term rates in an effort to raise the base for longer-term contract deals. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don’t have an account? […]
Xeneta: Market maturity harnesses air cargo rates
The air cargo market has matured enough to enable airlines and forwarders to keep rates reasonable against a backdrop of strong demand exacerbated by supply disruptions. While a thriving air cargo market usually results in shippers facing rocketing spot rates during the fourth quarter peak, this year lessons have been learnt and more stable relationships […]