The Drewry’s World Container Index (WCI) dipped to US$1,791 on 16 March 2023, recording its 50th week of dips over the last year. The rates have fallen on all routes further this week, with the transatlantic
GENEVA : The world’s largest container line Mediterranean Shipping Company (MSC) has inked a five-year partnership deal with the Global Centre for Maritime Decarbonisation (GCMD) MSC becomes the fifth impact partner of Singapore-based GCMD
SINGAPORE : THE Alliance has stopped rerouting ships around the Cape of Good Hope on the Asia-Europe route. The rerouting was a temporary measure as sailings were blanked in response to falling volumes. In November
HAMBURG : German ocean carrier Hapag-Lloyd announced the addition of a new service in Asia that will have flexible port coverage. This new service, Vietnam Indonesia Straits (VIS), will be effective in April and
TOKYO : Mitsui O.S.K. Lines, Ltd. announced that renovation work on the 9th and 10th floors of its Head Office building in Tokyo, which began last August, was completed on Monday, March 13. This
RIYADH : The Saudi Ports Authority (Mawani) has announced the addition of King Abdulaziz Port to the IMX service run by a maritime consortium that includes Qatar-based shipping and logistics conglomerate Milaha, vessel operator
SINGAPORE : Ocean Network Express Pte. Ltd (ONE) announces that it has ordered 10 large new container vessels with a carrying capacity of over 13,700 TEU to be delivered in 2025 and 2026. This
GENEVA : MSC is pleased to announce the enhancement of the KIWI Service to directly connect Australia, New Zealand and Thailand on a weekly basis, providing new business opportunities for its customers. On top
HAMBURG : Hapag-Lloyd reached the milestone of equipping 100,000 of its reefers with a monitoring device, a target that was set with the start of the rollout in 2020. With this, Hapag-Lloyd has made
HONG KONG : Container freight rates are still falling, while charter rates are holding up, suggesting that liner operators are chasing market share, even if it means a price war. Linerlytica‘s latest report, issued