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CMA CGM revises surcharge from North Europe to Med, Adriatic, Black Sea and North Africa

French ocean carrier CMA CGM has announced a revision of the Peak Season Surcharge (PSS) from North Europe to the Mediterranean, Adriatic, Black Sea and North Africa. Effective from 15...

Lack of newbuildings costs OCEAN Alliance’s Asia-Europe frequency

Since the members of OCEAN Alliance (CMA CGM, COSCO Shipping Lines and Evergreen Marine Corporation) did not have many newbuildings join their fleets, nor reassign vessels from other loops, they struggled...

Two dead, three missing after container ship hits bridge in Chinese port

Two people were killed and three others missing after a boxship hit a bridge in Guangzhou in the southern Chinese province of Guangdong this morning (22 February). Around 5.30 am,...

Expanding supply to put brakes on rates

A rise in container capacity will halt the increase in freight on the major east-west trades according to Drewry’s latest tool, the Container Capacity Insight (CCI), launched on 20  February....

Transpacific container trade bounces back in the beginning of 2024

Transpacific eastbound box volumes have rebounded by 16.9% in January 2024 and full-year volumes are expected to record positive growth again after falling by 15.1% last year, according to the...

WEC Lines enhances its reefer container fleet

WEC Lines has decided to enter the refrigerated container market by adding 45ft reefer boxes to its container fleet. The company has added the first batch of 50 brand new 45ft...

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