Carriers are planning to quadruple the charges. MSC has pumped up its PSS for shipments from India to the US and San Juan (Puerto Rico), after already hitting this tradelane with a $1,500 per box GRI on 4 July and raised a $500 per container PSS, also scheduled for 4 July, to $1,000 from 15 July. An...

SM Line is now HMM’s third-largest shareholder, after state-backed financial institutions Korea Development Bank and Korea Ocean Business Corp, which held 20.69% and 19.96%, respectively, as of 31 March. Yesterday, SM Line, also known as SM Merchant Marine, said it and affiliates had purchased the...

Transport and logistics consultancy Informall BG said Varna’s port and terminals, some 150km south of Constanta, were not currently congested and  it had been told by some transport stakeholders Varna was a more reasonable option for Ukrainian exporters shipping cargo in ocean containers. Dan...

The independent service is further evidence of MSC’s growth aspirations across global trades, particularly where it sees a gap opening in the market. According to maritime and supply chain intelligence company eeSea, MSC has added three independent services on the transatlantic tradelane in the pa...

While Shanghai emerged from a two-month Covid-19 lockdown early this month, parts of the port city have had movement restrictions re-imposed after new outbreaks. Nippon Express has developed barge routes covering the Greater Bay Area by detouring by land to the east (Huizhou Port) and west (Zhuhai P...

The aim is to undercut the big carriers and offer some relief to “squeezed-out” perishables shippers. The company has ordered four 1,800teu containerships from the Huanghai Shipyard in China, due for delivery from October 2023. The vessels, Seatrade said, willeach  have around 1,300 reefer ...

This is more than the world’s fifth GHG-emitting country; however, given the cross-border nature of the maritime sector, it is not addressed in the national determined contributions (NDCs). The International Maritime Organization (IMO) has challenged the shipping industry to cut annual GHG em...

Crane Worldwide Logistics said Shanghai was operating as usual after yet another round of mass testing, noting only shippers with facilities in quarantined areas would be impacted. The forwarder added: “The majority of cities outside of Shanghai are now accepting trucks and drivers, so long as a d...

Starting Q220, the breakbulk, MPP and heavylift sectors were rescued from the pre-pandemic doldrums by spillover capacity from the container segment. Many were hired in private charters to carry boxes on deck and the MPP time charter index has doubled since this began. But the latest evidence sugges...

The White House announced that Mr Biden’s signature meant the Federal Maritime Commission (FMC) could issue new rules “related to certain fee assessments, prohibited practices”. In addition, OSRA will establish a shipping registry while also authorising the FMC, in certain circumstances, to is...