Evergreen’s new terminal in Kaohsiung to boost container volumes
KAOHSIUNG : Taiwan International Ports Corporation (TIPC) Chairman Lee Hsien-yi stated on 5 May that the newly built No. 7 terminal in Taiwan’s Kaohisung port is the country’s
Container shipping under pressure globally due to high interest rates : S&P Global Commodity In
SINGAPORE : Container shipping, globally, will be “under pressure” because of high interest rates and inflationary pressures across developed economies; which in turn brings in “recessionary traits”, says
Container freight rate slide on larger Indian trades slows amid contract negotiations
MUMBAI : The slide in container freight rates on some of the trades routes out of India seems to have slowed, according to the latest market analysis. On
The economy is in a ‘freight recession,’ with China trade decline continuing
NEW JERSEY : As the big East and West coast ports jockey for supremacy in total trade volume coming into the country, the pie is getting smaller as the economy
MSC’s secondhand boxship buying spree passes 300 mark
GENEVA : Mediterranean Shipping Co’s (MSC) secondhand buying spree has hit the 300-vessel threshold according to analyst Alphaliner. In its weekly newsletter Alphaliner said that MSC was reported to
China-Russia vs US-EU: How global shipping is slowly splitting in two
NEW YORK : Another meeting between a House speaker and Taiwan’s president, another spike in tensions in the Taiwan Strait. Last summer’s meeting between Taiwan President Tsai Ing-wen
Container lines post strong earnings in 2022 : Sea-Intelligence
COPENHAGEN : Shipping lines reported very strong financial results for 2022, according to the latest report by the Danish maritime data analysis company Sea-Intelligence. At the time of
Wärtsilä launches radical two-stroke derating solution
HELSINKI : Wärtsilä has launched a new solution to allow two-stroke engines to meet tightening emissions regulations into the future. The radical derating solution dubbed Wärtsilä Fit4Power will
Shipping, allied industries battle choppy waters as margins sink
MUMBAI : Shipping and allied industries are bracing for a rough patch with depleting margins as freight rates are falling to pre-Covid levels or even lower in certain
Freight rates for Indian exports continue to cool ahead of carriers’ GRI attempts for US services
MUMBAI : Container carriers serving Indian trades are seeing no letup in the erosion of export freight rates amid a slowdown in cargo volumes, according to the latest