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Shipping Jan, 12, 2023 0

Container spot rates end 43-week falling streak

The Drewry’s World Container Index finally shot green in its first-ever quote for 2023, ending at US$2,135, recording an appreciation of 0.7%, after having trodden the red territory since February…
container vessel
Shipping Jan, 11, 2023 0

Boxship sales halved in 2022 as freight levels fell

Boxship sales and purchases halved to 950,300 TEUs in 2022 as freight levels began normalising, according to Alphaliner’s latest report released today (11 January). The scale of ship sales in…
Shipping Jan, 11, 2023 0

Hapag-Lloyd: New hub in the eastern Mediterranean

A state-of-the-art transshipment terminal with an annual handling capacity of 3.3 million TEU is being built in Damietta, Egypt. From the second half of 2024, the terminal will give Hapag-Lloyd…
Maersk container
Shipping Jan, 11, 2023 0

A.P. Moller – Maersk announces new executive leadership team

A.P. Moller – Maersk (Maersk) has announced a new organisational structure and a new executive leadership team. The changes are effective 1 February, 2023 and follow the appointment of Vincent…
Other Logistics Jan, 10, 2023 0

Argentina waterway toll irks Uruguay and Paraguay

Asunción and Montevideo are opposing cargo toll charged by Buenos Aires for use of a 1,180km stretch of the Paraná-Paraguay waterway. On January 1, Argentina’s port agency AGP started charging…
China exports
Shipping Jan, 09, 2023 0

China’s reopening seen as a positive for shipping

China’s reopening to the world over the weekend is seeing considerably more jet fuel about to be consumed in the world’s most populous nation, while for crew managers there’s relief…
Shipping Jan, 06, 2023 0

Plenty of work in the pipeline for breakbulk carriers, but rates uncertain

Despite recession fears and geopolitical uncertainty — and in some ways because of that uncertainty — project and breakbulk carriers and logistics service providers have a healthy pipeline of cargo…
Shipping Jan, 06, 2023 0

CMA CGM completes Russia exit with terminal stakes sale

French-based shipping group CMA CGM has completed its withdrawal from the Russian market by divesting stakes in terminals through an asset swap, the company said. “With this finalized transaction and…
Shipping Jan, 05, 2023 0

Slowing US growth expected to increase trans-Atlantic blanks

The trans-Atlantic headhaul trade from Europe to North America lived up to its “stable” moniker last year, with demand and rate levels continuing to grow and ongoing congestion keeping rates…
Maersk container
Shipping Jan, 05, 2023 0

Maersk to build first green and smart flagship logistics centre in Shanghai

Maersk signed the Land Grant Contract with the administrative committee of Lin-gang new area of the Shanghai Free Trade Zone in late December 2022. This marks the official landing of…