Protests in Bangladesh leading to Nationwide Curfew and Communication Disruption

The government-imposed curfew in response to the protests, along with the ongoing internet outage, remains in effect, causing operations to continue being at a standstill. This situation is challenging, having […]

Maersk announces updated surcharges worldwide

Danish ocean carrier Maersk will implement a Peak Season Surcharge (PSS) for shipments from India, Bangladesh and Sri Lanka to Bahrain for all dry containers starting 28 July 2024. Origin […]

Port of Rotterdam nears 7 million TEUs in first half

In the first half of the year, Port of Rotterdam’s container throughput increased by 4.2% in tonnes to 67.1 million tonnes and by 2.2% in TEUs to 6.8 million TEUs. […]

US containerized import volumes show strength

Despite geopolitical and macroeconomic uncertainties, US containerized import volumes appear to be holding up very well, as evidenced by year-over-year volume gains. “We’re experiencing the strongest surge in volume we’ve […]

Rates keep climbing on early month increases

Ocean rates out of Asia climbed significantly last week, with the latest daily prices already at US$8,200/FEU to North America West Coast, US$9,300/FEU to the East Coast, US$8,600/FEU to North […]

Port of New York and New Jersey sees container surge in May

In May, the port also climbed to the top spot in the United States for both total TEUs and total loaded TEUs. May’s total volume reached 790,758 TEUs, marking a […]

Chinese ports handle 133 million TEUs in 2024 so far

From January to May 2024, Chinese ports handled a container throughput of 132.8 million TEUs, marking an 8.8% increase year-on-year. During the same period, Shanghai Port’s container throughput reached 20.9 […]

Panama Canal announces further increases in draft and daily transits

The Panama Canal marked the eighth anniversary of its expansion by announcing an increase in both its draft and daily transits. These updates come as the Canal continues to address […]

US FMC designates HMM as state-controlled carrier

The United States Federal Maritime Commission (FMC) designated HMM as a controlled carrier of the Government of the Republic of Korea and added it to the agency’s Controlled Carrier List. […]

Hapag-Lloyd updates California Central Express service

Hapag-Lloyd announced that the California Central America Express (CCE) service, which connects the West Coast of the United States and Mexico with the West Coast of Central America, will have […]

Container freight rates out of India on major trades see gains as capacity tightens

Container freight rates on trades out of India have begun to rebound after recent downward corrections from the Red Sea crisis-linked highs, according to an analysis of market data for […]

Panama Canal increases draft and daily transits

The Panama Canal has announced that it will increase the number of daily transits from 32 to 33, starting 11 July. This number will further rise to 34 as of […]

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