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World Shipping Council Reports Lower Container Loss at Sea

The World Shipping Council (WSC) announced a significant decrease in containers lost at sea in 2023, marking the lowest number since record-keeping began in 2008. Only 221 containers were lost out of a staggering 250 million transported, surpassing the previous low of 661 containers in 2022. Recovery and Continued Vigilance: While approximately 33% of lost …

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Posidonia 2024: Tackle Shipping Industry Challenges

The Tradewinds Shipowners Forum at Posidonia 2024 featured a dynamic opening session with key industry leaders discussing pressing challenges and opportunities in the maritime sector. Here’s a breakdown of the key topics: Shadow Fleets: A Threat to Safety and Environment Harry Conway (IMO) highlighted concerns about shadow fleets, vessels operating outside regulations, posing risks to …

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New CMA CGM Peak Season Surcharge for Asia-La Reunion Routes

CMA CGM is implementing a Peak Season Surcharge (PSS) for shipments traveling from Asia to La Reunion. This applies to cargo originating in China, Taiwan, Hong Kong & Macau SAR, Southeast Asia, South Korea, and Japan. Key Points: Affected Routes: Asia (China, Taiwan, Hong Kong & Macau SAR, Southeast Asia, South Korea, Japan) to La …

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Liner Operators See Highest Margins Since 2010 (Ex-COVID)

Strong Demand and Capacity Shortages Drive Rates Up Liner operators are reporting their strongest operating margins since 2010, excluding the COVID-19 boom, according to a recent report by Alphaliner. This surge is attributed to a combination of high demand and capacity limitations caused by Red Sea diversions. Average Margins Bounce Back The average operating margin …

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Vietnam’s Exports Reach $14.64 Billion in First Half of May

Strong Export Growth Continues Vietnam’s exports maintained their impressive growth trajectory in the first half of May 2024, reaching US$14.64 billion. This marks a 16% increase compared to the same period in 2023. Key Export Sectors Four product groups accounted for over US$1 billion in exports during this period: Computers, electronic products, and components Telephones …

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Maersk Air Cargo’s Expansion Plans Despite Industry Downturn

Maersk Air Cargo, the airfreight arm of Danish shipping giant A.P. Moller-Maersk, is bucking the industry trend by aggressively expanding its operations in 2024. While many competitors are pulling back due to a recent downturn, Maersk is forging ahead with new facilities, routes, and most notably, the upcoming arrival of its first two Boeing 777 …

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Container Shipping Rates Surge After Dropping Early 2024

Container shipping rates have seen a dramatic increase since May 2nd, 2024, following a period of decline. This surge is attributed to several factors: Congestion in Asian ports High import demand in the US Reduced capacity on Asia-Europe routes Geopolitical tensions in the Red Sea These factors caused a 28.8% increase in rates over just …

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MV Dali Refloated: Baltimore Port Resumes Limited Operations

The container ship MV Dali, which caused a two-month closure of major shipping lanes at the Port of Baltimore after colliding with the Francis Scott Key Bridge in March, has finally been refloated. This marks a significant step towards restoring full functionality to the port. MV Dali Refloated and Moved to Marine Terminal Following meticulous …

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Hapag-Lloyd updates Peak Season Surcharges to North America

Shipping giant Hapag-Lloyd has implemented new peak season surcharges for cargo shipped to North American ports from two key regions: East Asia and the Indian Subcontinent & Middle East. From Indian Subcontinent & Middle East: Applies to all 20’, 40’, reefer, and special containers (including high cube) gated in from June 17th, 2024 onwards (valid …

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