Containershipping News

 

BIMCO: Global Container Volumes Projected to be Down 1.5% for 2020

Jan 07, 2021

Despite the alarming headlines in the spring of last year, container shipping proved remarkably resilient in 2020 in terms of  volumes as well as freight rates. After a 5.0 million TEU (7.3%) drop in volumes in the first five months of the year…

BIMCO Number of the Week: Europe-bound Container spot rates Exceed $6,000

Dec 16, 2020

As spot container freight rates entered December, they also entered record-braking territory, climbing from $3,076 per FEU on the last day of November to $4,858 per FEU on first day of December. This was a milestone in its own way.Since then…

VIDEO: Port of Gdynia Construction Project Moving Forward

Dec 14, 2020

Treasury bonds are issued for the Port of Gdynia Authority S.A. (PGA) to secure funds for the Outer Port Gdynia construction project, funding to be invested in building the access infrastructure in the form of breakwaters.The Port of Gdynia Authority S…

Toft Takes the Helm at MSC

Dec 02, 2020

Soren Toft started his new role as CEO at MSC Mediterranean Shipping Company on December 2, 2020, reporting to Diego Aponte, MSC Group President, and Gianluigi Aponte, Founder and MSC Group Chairman.Toft will oversees MSC’s global cargo businesses including ocean liner and logistics…

Containershipping: Transshipment Ports see an Increase in October Cargo Rollovers

Nov 25, 2020

Strong demand for container shipping space on major trade lanes from Asia to Europe and North America saw cargo rollovers increase month-on-month in October as carriers struggled to keep ocean supply chains operating smoothly.Overall container…

FMC Raises the Monitoring Report Requirements for Global Carrier Alliances

Nov 25, 2020

Pursuant to direction from FMC Chairman Michael Khouri, the Federal Maritime Commission has issued letters to the three global carrier alliances (2M, THE, and OCEAN) requiring that certain carrier-specific trade data currently filed with the Commission quarterly…

Swire Shipping Deploys MV Lae Chief on (NAX) Service

Nov 12, 2020

Swire Shipping deployed its first 2,750TEU newbuild, MV Lae Chief, on its upgraded North Asia Express (NAX) service. Launching the new fixed-day fortnightly service with her maiden voyage, the vessel made her first port call in Shanghai on November 5…

FMC: Ocean Shipping Challenges Abound

Oct 12, 2020

Since early Spring 2020, American consumers have received a practical education in supply chain operations. One lesson is that it takes more than simply going online and clicking a “Buy Now” button for goods to show-up on our front porches.…

Container Shipping Rates Continue to Deliver 'Positive Surprises', BIMCO says

Sep 17, 2020

Trans-Pacific short vs long contract freight rate gap hits record $2,400 per FEUAs the year 2020 continues to deliver positive surprises for the container shipping sector, the gap between short and long term contract freight rates on the Trans-Pacific trade lane has never been wider…

Logistics News

Israel Aims to Boost Red Sea Oil Deliveries Despite Environmental Risks

Israel Aims to Boost Red Sea Oil Deliveries Despite Environmental Risks

Compromise Agreements Yield over $2.3 Million in Penalties

Compromise Agreements Yield over $2.3 Million in Penalties

Antwerp Euroterminal Readies Shore Power Facility

Antwerp Euroterminal Readies Shore Power Facility

US Regulator Seeks New Emissions Data from Venture Global LNG

US Regulator Seeks New Emissions Data from Venture Global LNG

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