Hapag-Lloyd CEO sees solid shipping demand driving up freight rates
HAMBURG : Solid container shipping demand has driven up freight rates over the past two months, Hapag-Lloyd Chief Executive Mr. Rolf Habben Jansen said in a call with
Govt can decide of 5-7% stake sale in CONCOR after tepid response to strategic sale plan
NEW DELHI : The government of India is considering selling five to seven percent of the Container Corp of India (CONCOR) after plans for a strategic sale to privatise
Box shipments from Africa, Middle East, India and Pakistan to be collected via Secure Chain in Rotte
ROTTERDAM : Beginning 1 October 2024, container shipments from Africa, the Middle East, India, and Pakistan must utilize the Secure Chain system at the port of Rotterdam. Major
FMC says D&D cases trebled since pandemic, set to reach historical highs
WASHINGTON DC : Detention and demurrage (D&D) cases handled by the Federal Maritime Commission (FMC) in the United States have trebled since the pandemic and are set to
Mundra Port battles congestion amid growing box volumes
MUNDRA : Indian importers and exporters are dealing with considerable cargo delays at Mundra Port, which leads the country’s containerised trade. Local trade sources have raised serious concerns
Emirates Shipping Line debuts reefer container order
Emirates Shipping Line (ESL) has acquired 300 Carrier Transicold PrimeLINE® container refrigeration units aiming to expand its reefer capabilities. “We are excited about this in-fleeting and are confident that
Spot rate growth slows but ocean container shipping market will remain extremely challenging
OSLO : Ocean freight container shipping spot rates are set to increase further, but there are signs the recent dramatic growth may be slowing. The latest data from
Ocean freight rates in rough waters on congestion, Red Sea crisis
LONDON : Indian traders are reeling under the impact of rising ocean freight rates, triggered by the Red Sea crisis and congestion at several key ports in the
Zero Emission Port Alliance (ZEPA) onboards leading organisations in container port industry
ROTTERDAM : The Zero Emission Port Alliance (ZEPA) announces the onboarding of 11 organizations from the container port industry. Among the members are APM Terminals, CATL, DP World,
Container spot rate growth set to rise further and ocean container shipping market will remain extr
OSLO : Ocean freight container shipping spot rates are set to increase further, but growth may be slowing, according to ocean freight rate benchmarking firm Xeneta. Xeneta data