COSCO increases Far East prices

COSCO Shipping Lines is planning an implementation of a new General Rate Restoration for all shipments from Far East to Latin America & Africa ports with the new charges taking effect in June, according to ...

Largest vessel on USEC docks at Savannah’s berth

The Port of Savannah has announced it served the largest vessel to ever call the US East Coast on 26 May. The 16,000TEU container ship CMA CGM Marco Polo docked at the Port of Savannah's Berth 9, which is the l...

Free for all sees rates blow indexes out of the water

Freight indexes have become divorced from the reality of the market according to consultant Jon Monroe, who says that no index accurately represents the rate a shipper needs to pay to ship a container to the US...

Hapag-Lloyd to deploy extra loaders to US East Coast

Hapag-Lloyd has announced it will offer extra loaders connecting India, Bangladesh and Sri Lanka to the US North East ports due to significantly increased demand in the US. The German carrier has publish...

COSCO launches green finance framework

COSCO Shipping Ports has announced the launch of its green finance framework, which has successfully passed the verification by Hong Kong Quality Assurance Agency (HKQAA). The Hing Kong-listed operator h...

French carrier orders 22 container ships

CMA CGM has ordered 12 LNG powered vessels and a further 10 conventionally powered ships from China’s state-run China State Shipbuilding Corporation (CSSC). The carrier announced today that it has ordere...