Exacerbating that lingering trade concern, Hapag-Lloyd has announced a stream of intermittent void calls on its Indian Ocean Service (IOS) between West India and North Europe from August through November. ONE is also a consortium partner for the IOS, contributing one vessel out of a total eight ship...

Oakland International Container Terminal and the Stevedoring Services of America (SSA), which operates Matson’s Oakland facility, have been closed to traffic, with ships anchoring outside waiting to berth. Also slowing the working of vessels has been the reluctance of dockers from the Internationa...

Having announced plans for a €500 rebate at the end of last month, the French shipping giant said today it had decided to increase the freight rate reduction to €750 per 40ft container for all imports into the mainland and French overseas territories from Asia. “Initially intended for 14 major...

Freight rates from China fell this week on 19 of the 21 routes covered by the Ningbo Containerized Freight Index (NCFI), with its China-Europe and China-US components in particular dragged down by “insufficient volume”. The NCFI commentary said “most carriers” had been obliged to discount as...

Chief executive of Port of Dover Doug Bannister said today such was the extent of the chaos that he was declaring it a “critical incident” and, while much of the focus has been on holidaymakers, the impact on cargo throughput was “massive”. Brokerage manager at Metro Shipping Andy Fitchett t...

They are reducing some of the complications of importing non-military supplies into the country, which has been at war with Russia since 24 February. Freight costs to and from Ukraine have increased as a result of the war, mainly because shipping lines that can no longer insure cargo or equipment mo...

According to Xeneta, while in recent months the average rate for new long term contracts has stabilised, they are replacing older ones which were at much lower levels. The company explained: “For example, on by far the biggest trade into Australia and New Zealand, the average long-term rate from t...

The carrier has not said how many of the lost or damaged boxes were carrying dangerous cargo, or indeed what any of the lost and damaged units contained. The company said: “APL Vanda has stopped at Djibouti to clear the damaged containers on deck before safely continuing her voyage. “Operations ...

The Danish carrier took charge of the ship this week from London-headquartered shipowner Zodiac Maritime, and is expected to take delivery of “at least” five more sister vessels under construction at the South Korean yard of DSME, according to Alphaliner. The daily hire rate and duration of the ...

Issues that could impact rates in a number of key regions include Ukraine, potential labour unrest in the US and Europe and ongoing bottlenecks slowing supply chains, according to COO Steen Christensen, who joined the firm in June. “Rates won’t go back to the $20,000 levels we have seen, but wil...