News

  • $30,000/box! Shipping company: adjust Compensation for Breach of Agreement

    $30,000/box! Shipping company: adjust Compensation for Breach of Agreement

    ONE announced a few days ago that in order to provide reliable and safe transportation services, the Compensation for Breach of Agreement has been adjusted, which is applicable to all routes and will take effect on January 1, 2023. According to the announcement, for the goods that conceal, omit o...
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  • Suez Canal Blocked Again

    The Suez Canal, which connects the Mediterranean Sea and the Indian Ocean, has once again stranded a freighter! The Suez Canal Authority said on Monday (9th) that a cargo ship carrying Ukrainian grain ran aground in Egypt’s Suez Canal on the 9th, temporarily disrupting traffic in the waterw...
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  • There may be no peak season in 2023, and the surge in demand may be delayed until before the 2024 Chinese New Year

    According to the Drewry WCI Index, the container spot freight rate from Asia to Northern Europe rose by 10% compared with before Christmas, reaching US$1,874/TEU. However, export demand to Europe is much lower than usual ahead of the Chinese New Year on January 22, and freight rates are expected ...
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  • 149 voyages suspended!

    149 voyages suspended!

    Global transportation demand continues to decline, and shipping companies continue to suspend shipping in large areas to reduce shipping capacity. It was previously reported that only one of the 11 ships in the Asia-Europe route of the 2M Alliance is currently operating, and the “ghost ship...
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  • Slumping demand, Big Shutdown!

    The slump in global transport demand continues due to weak demand, forcing shipping companies including Maersk and MSC to continue cutting capacity. The spate of blanked sailings from Asia to northern Europe has led some shipping lines to operate “ghost ships” on trade routes. Alphali...
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  • The volume of cargo remains high, this port charges container detention fees

    Due to the high volume of cargo, the Port of Houston (Houston) in the United States will charge overtime detention fees for containers at its container terminals from February 1, 2023. A report from the Port of Houston in the United States pointed out that container throughput increased strongly ...
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  • The world’s largest container terminal operator or change of owner?

    According to Reuters, PSA International Port Group, wholly owned by Singapore’s sovereign fund Temasek, is considering selling its 20% stake in the port business of CK Hutchison Holdings Limited (“CK Hutchison”, 0001.HK). PSA has been the number one container terminal operator i...
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  • 5.7 billion Euros! MSC completes acquisition of a logistics company

    MSC Group has confirmed that its wholly-owned subsidiary SAS Shipping Agencies Services has completed the acquisition of Bollor√© Africa Logistics. MSC said the deal has been approved by all regulators. So far, MSC, the world’s largest container liner company, has acquired the ownership of t...
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  • Rotterdam port operations disrupted, Maersk announces emergency plan

    Rotterdam port operations disrupted, Maersk announces emergency plan

    The Port of Rotterdam remains heavily impacted by disruptions in operations due to ongoing strikes at several terminals in Dutch ports due to ongoing collective labor agreement (CLA) negotiations between unions and terminals at Hutchinson Delta II and Maasvlakte II. Maersk stated in a recent cust...
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  • Three shippers complained to FMC: MSC, the world’s largest liner company, charged unreasonably

    Three shippers have filed complaints with the U.S. Federal Maritime Commission (FMC) against MSC, the world’s largest liner company, citing unfair charges and insufficient container transit time, among others. MVM Logistics was the first shipper to file three complaints dating from August 2...
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  • Freight rate increase? Shipping company: Increase freight rates in Southeast Asia on December 15

    Freight rate increase? Shipping company: Increase freight rates in Southeast Asia on December 15

    A few days ago, Orient Overseas OOCL issued a notice saying that the freight rate of goods exported from mainland China to Southeast Asia (Thailand, Vietnam, Singapore, Malaysia, Indonesia) will be increased on the original basis: from December 15th to Southeast Asia, 20-foot common container $10...
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  • Maersk warning: logistics is seriously interrupted! National rail workers strike, biggest strike in 30 years

    Maersk warning: logistics is seriously interrupted! National rail workers strike, biggest strike in 30 years

    Since the summer of this year, workers from all walks of life in the UK have frequently gone on strike to fight for wage increases. After entering December, there has been an unprecedented series of strikes. According to a report on the British “Times” website on the 6th, about 40,000...
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