CMA CGM sets new FAK rates from Mediterranean to Jeddah and Khalifa
CMA CGM has announced updated Freight All Kinds (FAK) rates, which will be effective from 1 July 2025 until further notice. The new tariffs apply to sailings from the main Mediterranean load regions, West Mediterranean, Black Sea, East Mediterranean and Adriatic to all base ports in the Middle East. For cargo bound for the port […]
Fire on Morning Midas extinguished, specialist tugs take over towing
Visual scans now show there are no more flames on car carrier Morning Midas, which suffered a fire while sailing from China to Mexico. Ship owner Zodiac Maritime Agencies said on 16 June the scans were taken by salvage and firefighting specialists from salvor Resolve Marine and show the ship remains watertight. This content is locked Select a […]
Beacon Report: Container backlogs persist in May 2025
The latest Beacon Port Performance Report highlights a growing concern over rising container dwell times across several global ports, particularly in North America, South America, and Europe, despite a reduction in the total number of ships handled compared to April. Key findings: Kingston (Jamaica) recorded the worst performance, with containers remaining in port for over […]
Prince Rupert port appoints new vice president of business development
The Prince Rupert Port Authority has announced the appointment of Katherine Bamford as its new Vice President of Business Development. With more than 25 years of experience in business development, stakeholder engagement, and strategic innovation, Katherine Bamford is recognized for her expertise in strategic communications, integrated marketing, government relations, and brand management. During her 13-year […]
Warnings as MSC’s Hutch deal threatens competition
Regulatory scrutiny of the MSC’s acquisition of CK Hutchison’s non-Chinese terminals must be thorough in each jurisdiction, with industry experts accepting that the carrier will need to offload some terminals in some parts of the world to meet anti-trust rules. The Switzerland-headquartered carrier has launched a $22.8 billion joint bid, with investment company Blackrock, for […]
Performance Shipping charters out LR1 newbuild to Mercuria
Nasdaq-listed Greek tanker owner and operator Performance Shipping has entered into a long-term time charter contract with Mercuria Energy Trading for a newbuilding LR1 tanker. Mercuria chartered the tanker for a firm period of four years, through early 2031, at a daily gross charter rate of $23,750. The vessel is the fourth tanker newbuild to […]
PSA Singapore and Hainan Harbor & Shipping partner to boost port connectivity
PSA Singapore and Hainan Harbor & Shipping International Port, operator of Yangpu International Container Terminal, have signed a Memorandum of Understanding (MoU) to strengthen port-to-port connectivity and develop advanced logistics solutions. The partnership focuses on improving connectivity between Singapore, the world’s largest transshipment hub operated by PSA, and Yangpu Port, the largest container terminal in […]
Global port investments surge in 2025 amid shifting geopolitical tides
In 2025, the global maritime industry witnessed a wave of transformative investments in port terminals and infrastructure, reshaping trade networks and reflecting broader geopolitical realignments. From Syria’s war-torn coast to India’s ambitious trade corridors, port investments totaling billions of dollars are not just about logistics they signal strategic power plays, economic recovery efforts, and a […]
COSCO SHIPPING Ports maintains strong throughput growth in May
COSCO SHIPPING Ports (CSP) recorded a throughput growth in May, rising by 3.6% year-over-year (YoY). The Chinese port and terminal operator handled 9.8 million TEUs during this month. The company’s overseas terminals continued to show solid performance, posting a 10% year-on-year increase in throughput. Among them, CSP Zeebrugge stood out with a remarkable 138.9% YoY […]
China’s next logistics play: locking down Guinea’s ore-to-ocean corridor
Early June saw the discreet launch of Shunyu Shipping, a joint venture between state-owned trading powerhouse Xiamen Xiangyu and privately held Shunda Mining. 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 liked this post, please consider […]