Where container shipping is flourishing?
By Mr. Gautham Krishnan Liner shipping connectivity is key to the handling of container volumes and maintains a major chunk of the pie in global trade. The liner
Freight rates on Indian trades continue to cool amid falling export volumes
MUMBAI : Container freight rates on trades out of India have continued to cool, albeit at a slower pace on shipments to Europe, according to the latest market
Ocean shipping rates are collapsing
Prices in the most volatile segment of ocean shipping are collapsing, but top retailers like Walmart and Home Depot should not expect relief until the spring contract renegotiation
Supply-Chain snarls leave Southern California swamped in Empty Shipping Containers
CALIFORNIA : The biggest export out of Southern California these days is air. And it is suffocating the supply chain. Hundreds of thousands of empty containers are filling
CIMC profit rockets 1,161% as container sales quadruple
SHANGHAI : Net profit of China International Marine Containers (CIMC) for the first nine months of the year swelled 1,161% year-on-year to US$1.36 billion, as the world’s largest
Insurers eye containership claims with dismay
The frequency and size of claims are both climbing, with more than 30 incidents requiring payouts from the 13-member International Group of P&I Clubs’ (IG) pooling arrangements since
Container shipping rates entering extended period of volatility: Lars Jensen
The global container shipping industry is entering a period of volatility that will extend long after the current peak shipping season, with a return to pre-pandemic market conditions
Amazon and others commit to using zero-carbon shipping fuels by 2040
LONDON : Amazon.com Inc and IKEA are among commercial users of container shipping that will opt for zero-carbon marine fuels by 2040 in a new initiative aimed at speeding
Hanjin Heavy wins order for boxship quartet
Hanjin Heavy Industries & Construction Co., a mid-sized shipbuilder in South Korea, has secured a KRW 310.5 billion (about $261.8 million) order for the construction of four containerships.
China’s power crisis throws another curveball at container shipping
The Chinese government has reduced electricity supply to factories in at least 10 provinces, causing them to reduce production or shut until at least upto 30th September, as