“Average spot rates are down this week across all main fronthaul trades out of the Far East. From Far East to US West Coast and US East Coast, it is a textbook market development with falling spot rates coinciding with a slight uptick in offered capacity,” said Peter Sand, Xeneta Chief Analyst.“It is a different story from Far East to North Europe where offered capacity has decreased week-on-week but spot rates continue to fall…
Samskip has announced an agreement with short sea shipping and multimodal operator CLdN to sell its UK and Ireland (UKI-trade) door-to-door and quay-to-quay cargo business.The transaction will enable Samskip to focus even more on the company’s…
CMA CGM is preparing to launch an electric inland barge on France’s Fos-Lyon corridor, with an annual potential of nearly 12,000 TEUs.The initiative aims to promote a regular, reliable, competitive and decarbonized logistics solution between the Port of Marseille-Fos…
International Container Terminal Services Inc. (ICTSI)’s wholly owned subsidiary Victoria International Container Terminal Ltd. (VICT) has signed a 26-year extension of its contract to operate and manage the Webb Dock East terminal at the Port of Melbourne…
A.P. Møller - Mærsk has released its 2025 annual report with CEO Vincent Clerc, stating: “We delivered a strong performance and high value for our customers in a year where supply chains and global trade continued to be reshaped by evolving geopolitics…
Ocean Network Express (ONE) reported a net loss of $88 million for the third quarter of FY2025, as persistent fleet growth and slower cargo movement weighed on short-term freight rates, particularly in the Asia–North America tradeThe result…
Last week, Governor Gavin Newsom announced that California had disrupted several major wildlife trafficking operations, including seizing hundreds of illegal products made from ivory, rhino horn, walrus tusks, suspected bear gall bladders, saiga antelope…
French shipping group CMA CGM and U.S. investment firm Stonepeak have agreed to create a joint venture valued at nearly $10 billion to operate and invest in port terminals, including in the United States, the companies said on Wednesday.CMA CGM…
The Digital Container Shipping Association (DCSA) announced that Contship has joined DCSA+, becoming the program’s first terminal operator partner.Contship is an integrator of containerized logistics, combining intermodal transport and port terminal operations to connect global supply chains…
A record crowd of more than 900 industry and community representatives gathered for the 11th annual State of the Port, where Port of Los Angeles Executive Director Gene Seroka outlined his vision for the future, highlighting “Build Bigger and Build Smarter” investment priorities…
Major shipping companies are devising strategies for a return to the Suez Canal after more than two years of disruptions due to security risks in the Red Sea.They have been rerouting vessels via longer, costlier routes around Africa since November 2023…
CMA CGM has announced its FAL1, FAL3 and MEX services connecting Asia and Europe, which recently began transiting Suez Canal again on backhaul voyages, will return to sailing around the Cape of Good Hope.CMA CGM cited the 'the complex and uncertain…
Guillaume Sauzedde has assumed the role as Maersk’s Regional Managing Director for the Europe region.The French national with over 25 years’ experience in the logistics industry is no stranger to the employees and customers in Maersk’s largest region…
Evergreen Marine, a leading container shipping company, has become the first Taiwanese operator to upgrade its fleet to NexusWave bonded connectivity solution from Inmarsat Maritime, a Viasat company. Following successful trials, Evergreen is transitioning to NexusWave to enhance crew welfare…
A.P. Moller - Maersk has appointed Ditlev Blicher as the new Regional President for North America, effective January 1, 2026.Blicher assumes the role after most recently serving as the company’s Regional President for Asia Pacific since 2023…
