Yang Ming CFO Declares Chaos Dominates Container Shipping Market
Yang Ming chief financial officer Peter Su said today he believes container shipping has become so chaotic that it is hard to explain port omissions and skipped sailings to shipper
Disruptions Impact Shipping Outlook
Ship backups that plagued seaports during the Covid pandemic are making a comeback, raising concerns about new delays and higher costs during this year’s peak shipping season. Fl
Hapag-Lloyd CEO Predicts Surge in Demand May Be Temporary
Hapag-Lloyd Chief Executive Rolf Habben Jansen said on Wednesday that demand for container shipments across the world’s oceans has risen significantly in recent weeks but the ups
Container xChange Predicts Container Price Bubble Will Burst in H2 2024
Container xChange, a leading player in the global container shipping market, released its June market forecaster report, showing a significant 45% surge in container prices in Chin
U.S. Container Imports Continue to Gain and Show Strong Growth
May 2024 marked another month of remarkable growth for U.S. container imports, registering a 6.2% increase from April and an 11.9% upswing year-on-year, according to data from Desc
Descartes Report Shows Robust Port and Imports Activity in May
Another month brought another strong month of United States-based imports, according to the new edition of the Global Shipping Report, which was issued this week. This is the 34th
Peak Season Surcharge: Asia, Indian Subcontinent, Middle East to Australia & New Zealand
In a continued effort to provide their customers with best reliable and efficient service and due to the imbalance between supply and demand, ANL will implement a Peak Season Surch
Maersk Resumes Deepsea Container Service to Ukraine Post-Invasion
Maersk has launched the first deepsea container service in Ukraine since Russia’s invasion led to the withdrawal of box ships by the major carriers. Part of a collaboration with
Stable Volumes, Declining Liner Schedule Reliability
The liner industry’s schedule reliability performance declined in the first quarter of this year, reserving earlier improvements as the Red Sea crisis and mounting port congestio
Box Ships Skip Singapore as Port Congestion Reaches Critical Level
Congestion in Singapore, the world’s second-busiest container port, has reached a critical level, compounding the shortage of ships and containers. Data from Linerlytica indicate
