ZIM starts new Asia – South America service

The Israeli shipping line ZIM has launched a new service called Ase, connecting Asia with South America. The new monthly service provides a direct connection between South China and South America with the fo...

Hapag-Lloyd confirms rates increase cessation

Hapag-Lloyd is the second container carrier that announces the suspension in rate increases, following CMA CGM's decision to halt all spot rate increases until 1 February. "We believe that spot rates have pe...

MSC pushes up rates from South Africa to Europe

The Swiss shipping company MSC will apply new freight rate increases for shipments travelling from South Africa to Europe, which will be effective from 11 October. In particular, the Geneva-based liner opera...

Difference between telex release and express release

Telex Release and Express Release These are terms that still confuses many people in the industry.. The confusion occurs when these terms are loosely used instead of using it in the strict sense.. The defin...

Long Beach reports busiest August of all time

The Port of Long Beach (POLB) marked its strongest August on record and broke monthly cargo records after 13 months, driven by the peak shipping season. Particularly, the second busiest port of the United St...

Chittagong port’s box handling shot up

Container handling by the Chittagong port increased significantly in August compared to July as global trade rebounded. In August the port handled a total of 251,888TEU, while 228,188TEU were moved through t...

Port Houston confirms deal to upgrade ship channel

The Port of Houston has announced a widening and deepening program for the Houston Ship Channel, recognised with a formal presentation of the Project Partnership Agreement (PPA) between the US Army Corps of Eng...

Valenciaport’s July box volumes exceed 450,000TEU

The Port Authority of Valencia (PAV) has published its operational results for July, recording a slight increase in container volumes during the previous month, but a significant year-to-date growth. In part...