Container Shipping

Maersk highlighted significant challenges posed by the ongoing Red Sea situation, which has forced ships to divert around Africa, increasing costs and

SFL Corporation Ltd. (NYSE: SFL) announced today the agreement of new 5-year time charters for four 8,700 TEU container vessels, adding approximately $240

June saw further tightening of market conditions on key deep-sea container trades, with spot rates and associated surcharges increasing every week throughout

By Gavin van Marle (The Loadstar) – Since the 1 July implementation of a series of peak season surcharges (PSS) and new FAK (freight all kinds) levels,

By Charlotte Goldstone (The Loadstar) – MSC now holds a 20% share of the global container shipping market, in terms of capacity offered, a record in the

The Federal Maritime Commission (FMC), the U.S. agency responsible for ensuring a reliable and competitive international ocean transportation system, has

By Gavin van Marle (The Loadstar) – As expected after last week’s surge in spot rate levels, this week saw more modest gains thanks to a week’s

By John Kemp LONDON, June 26 (Reuters) – Global manufacturing activity and freight are showing signs of a recovery, after a downturn took hold

Port Houston reported handling 364,866 twenty-foot equivalent units (TEUs) in May, marking a significant increase of 21% compared to May of last year. The

The Port of Savannah has witnessed significant growth in container volumes due to a strengthening retail market and an influx of new customers. In May, the

Despite a slight 3% drop from last year’s figures, the Port of Los Angeles processed 752,893 Twenty-Foot Equivalent Units (TEUs) in May, maintaining an

TANGIER, June 10 (Reuters) – Morocco’s Tanger Med port expects to top its nominal processing capacity of nine million containers this year,

By Gavin van Marle (The Loadstar) – There were further double-digit increases in container spot freight rates this week, after a series of general rate

May 2024 marked another month of remarkable growth for U.S. container imports, registering a 6.2% increase from April and an 11.9% upswing year-on-year,

Container xChange, a leading player in the global container shipping market, released its June market forecaster report, showing a significant 45% surge in

By Jonathan Saul ATHENS, June 5 (Reuters) – Libra Group exited the container shipping market this week after selling close to 100

By Elke Ahlswede BERLIN, June 5 (Reuters) – Hapag-Lloyd Chief Executive Rolf Habben Jansen said on Wednesday that demand for container

By Christian Wienberg (Bloomberg) — A.P. Moller-Maersk A/S, a bellwether for global trade, said the world’s supply lines are more impacted than

A.P. Moller-Maersk A/S (APMM) sees worsening port congestion, especially in the Middle East and Asia, and further increases in container freight rates thanks

Shipping giant Maersk announced on Monday significant delays in vessel schedules due to severe terminal congestion in Mediterranean and Asian ports. The