The United Nations Conference on Trade and Development (UNCTAD) has expressed serious concerns regarding the increasing disruptions to global trade. UNCTAD has stated that a complex crisis affecting vital trade routes has arisen due to...Read more
ShippingThe owner of the container ship Ever Given, which blocked the Suez Canal for some time in March, has made a new offer of compensation to canal authority SCA. As a result, the parties have...Read more
ShippingMSC has shipped 11 ballast wagons from Antwerp to Montevideo in a single shipment. To accommodate the wagons, a bed of 24 fourty-foot flat racks was created, generating a surface area of nearly 675 square...Read more
Hapag-Lloyd has acquired NileDutch to strengthen the company’s position in the African market. “Our combined customer base will benefit from a denser network from and to Africa as well as from a much higher frequency...Read more
Almost exactly one year after the Covid-19 pandemic hit Europe, the charter rates for multipurpose and heavy-lift vessels are back at their pre-pandemic level and even passed it. The average day rate for a geared...Read more
The incredible shortage of empty containers will at least last into January, analyst firm SeaIntelligence Consulting states. And to end the situation by then, the carriers will need to both procure new containers and reposition...Read more
ShippingCMA CGM has informed its customers that it will not accept bookings for the transport of containers from Asia to Northern Europe (Asia-Europe trade lane) for the time being. It is the latest development in...Read more
DSV has chartered three multipurpose vessels and a small pool of containers to provide its customers with a direct service from China in Denmark in December. It is the latest sign of the extreme spot...Read more
ShippingThe recovery of the charter rates is gaining momentum. The average charter rate for a 12,500 dwt multipurpose vessel in December increased by 202 dollars compared to last month. That is a significantly bigger increase...Read more
ShippingMaersk is laying off 2,000 employees as a result of the large-scale reorganisation that started at the beginning of September. The end of Damco had been in sight for some time, but the Danish shipping...Read more
The number of shipping disasters involving the complete loss of a ship fell to its lowest level ever last year. On the other hand, the growing number of serious fires on container ships is giving...Read more
Container shippingMaersk is introducing a new penalty fee for the misdeclaration of out-of-gauge cargoes. The container carrier says it is experiencing too many incidents with shipments causing issues due to wrongly declared dimensions. The surcharge is...Read more
