Shanghai box volume crosses 50m teu mark
Shanghai, the world’s busiest container port, has marked a historic milestone, exceeding 50m teu throughput for the first time. Shanghai has been the world’s top container port for the last 14 years, beating Singapore into second place. The port started container operations four decades ago, in 1978, recording a throughput of 7,951 teu. The port’s […]
Mediterranean Container Market Analysis: Unifeeder sees largest capacity growth
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FedEx Freight to be split from FedEx and Q2 Express revenue flat
The board of FedEx has agreed to separate FedEx and FedEx Freight with the reasoning that “separation unlocks significant value”. FedEx Corporation confirmed the decision in its fiscal second quarter 2025 results documents, released on December 19. The aim is to grow FedEx Freight’s position in the Less than truckload (LTL) market. The company said: […]
Frontloading continues to put pressure on Transpacific rates
Transpacific ocean rates increased slightly last week and are about 15% higher than at the start of December on successful mid-month General Rate Increases (GRIs). Rate increases and reports of full vessels this far ahead of the Lunar New Year probably reflect shippers continuing to pull forward volumes ahead of President-elect Trump’s promises of tariff […]
CMA CGM updates reefer PSS from Chile and Peru
CMA CGM has announced an update to its Peak Season Surcharge (PSS) from Chile and Peru, which will be effective on 10 January 2025. The updated surcharge will be implemented for cargo originating from all the ports of Chile and Peru and destined for North Europe, Mediterranean, North Africa, Middle East Gulf, and Indian Subcontinent. […]
TIACA signs up to Aviation 4 All declaration
TIACA has signed a joint declaration supporting the launch of the Aviation 4 All industry declaration developed by the International Aviation Forum (IAF). The declaration was developed by the IAF to set out clear goals to achieve sustainable growth and prosperity within the industry. So far over more than 40 organisations have signed up. The […]
Trump’s Panama Canal threat a shot across Beijing’s bow
President-elect Donald Trump’s latest social media broadside is aimed at China’s growing economic influence and is likely a sign of the expected deteriorating trade relations between the two countries. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don’t have an account? Register If you […]
Yang Ming enhances its fleet with new vessel order
Taiwan’s major ocean carrier Yang Ming has ordered 13 new container vessels, each with a capacity of 8,000-15,000 TEUs. The board of the company approved the newbuilding order on 20 December aiming to optimize its service network and enhance fleet competitiveness. The new boxships will replace 20-years-and-older ships of 5,500 TEU to 6,500 TEU capacity […]
UK exporters warned to prepare now in case of new US tariffs
Logistics firm Aramex has warned UK exporters that they could face extra supply chain costs and shipment delays if the US opts to add tariffs on products being sold from the country. The logistics firm pointed out that in the run-up to the US election, president-elect Donald Trump suggested he could impose tariffs on goods […]
COSCO Shipping launches new Indonesia route
On 23 December, New Golden Sea, a subsidiary of COSCO SHIPPING Holdings, inaugurated the maiden voyage of its new Indonesia route, YIX, departing from Yangpu, Hainan. This marks the launch of another shipping route linking China with ASEAN countries. The route will deploy three 1,700 TEU vessels with consistent carrying capacity to serve ports in […]