CMA CGM is the latest carrier to apply the additional levy, announcing a $1,000 per box penalty for all types of overweight shipments moving from the subcontinent to the US east, west and Gulf coasts, and Canada. The levy applies to shipments weighing over 20 tonnes, which includes the container’s...

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Ukrainian Black Sea and Azov Sea ports shut down shortly after the invasion, and Russian naval forces blocked Ukrainian facilities, threatening to attack any merchant (and non-merchant) vessels attempting to approach the terminals. At least 16 merchant ships have been fired on since the beginning of...

Maersk Line has piloted a container-on-barge solution for Indian exports to its neighbour using the framework of a government-to-government “inland water transit and trade protocol”, designed to facilitate river transport along the Bay of Bengal. The MV Pradyun transported 50 teu from Kolka...

But K+N is targeting SMEs for its growth, as its larger customers adopt a more cautious approach to consumer demand. Outgoing CEO Dr Detlef Trefzger said that, while the larger retailers “became cautious” due to supply chain disruptions and had increased their inventory levels, small and medium-...

Yesterday, SM Line CEO Park Kee-hoon said: “We recorded an operating profit of KRW1.82trn ($1.53bn) last year and more than KRW750bn ($581.85m) in the first half of this year, which is a situation where we have a lot of cash. The board decided to invest a certain part because even if we put the ca...

And agriculture shippers hope there will be no repeat of the blockage. “The port of Oakland has resumed full operations,” announced a relieved port executive director Danny Wan yesterday, after truckers had decided not to continue their action at the port’s gates. In protest against California...

Several crew members on ONE Competence, an 8,110 teu ship operated by THE Alliance, tested positive for Covid-19 while the ship was at berth in Busan last week. ONE Competence, which plies the transpacific trades to the US west coast, had entered the HMM PSA Pusan Newport Terminal last Monday, accor...

In a letter to EC executive VP Margrethe Vestager, shippers take issue with the commission’s view that competition in the market is strong and working within the CBER guidelines. Last year, letters on 13 April and 14 September did not appear to shift the European competition regulator’s stance, ...

The analysts say they continue to expect container markets to “run out of steam” in the third quarter, with “a sharper drop-off in Q4 as the unwinding supply chain disruptions and cooling consumer demand drive the decline in freight and time charter rates”. Although it expects freight and ch...