SHIPPING: China cargo bookings expected to plunge as US trade war intensifies
HONG KONG : Container throughput from China’s main ports fell by 6.1% over the past week and cargo bookings over the next three weeks are projected to be
US could charge Chinese-owned ships up to $1.5 million per port call
LONDON : The office of the US Trade Representative (USTR) is accepting public comment on proposed actions against Chinese-owned ships after a Section 301 investigation determined China’s acts,
Shipment delays double as ships clog up Singapore’s ports
SINGAPORE : The world’s second busiest container port at Singapore has seen a major spike in congestion, forcing carriers to stretch charter agreements and to build container fleets
Box lines launch Red Sea services despite Houthi risks
SINGAPORE : Mainline operators which are still offering Red Sea services are configuring their routes to transit the troubled region. Hapag-Lloyd has launched an ad hoc Jeddah Express
Container rate surge slows as Chinese New Year approaches
SINGAPORE : Container rate levels are seeing the expected levelling out prior to Chinese New Year as the initial shock of the Red Sea crisis wanes and new
Hapag-Lloyd enters Gemini in unfavourable position : Linerlytica
HONG KONG : Hapag-Lloyd is disadvantaged in Gemini Cooperation, the upcoming collaboration between the German operator and its Danish peer Maersk Line, according to Linerlytica, which opined, “Hapag-Lloyd
Red Sea crisis pushes container shipping spot rates to highest level in over a year
LONDON : Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes by Iran-backed
More container ships could be held up if Red Sea tensions escalate
HONG KONG : Any intensification of ship attacks in the Red Sea could tie up 30% of the boxship fleet as more vessels will need to be rerouted,
Analyst says Maersk rate cutting behind Q3 losses
HONG KONG : Analysis by Hong Kong-based Linerlytica suggests that the sudden and deep decline in container freight rates in the third quarter was initiated by Maersk Lines’
MSC tops in ship recycling and purchases
GENEVA : Mediterranean Shipping Company (MSC) is leading the way both in ship demolitions and ship purchases. Cash buyers said that MSC has scrapped 15 vessels so far