Market News

Global shipping giant Mediterranean Shipping Company (MSC) is facing a hefty fine of at least $63 million after the US Federal Maritime Commission (FMC) accused them of violating the Shipping Act. The FMC launched its investigation in August 2023 following complaints from several MSC customers who disputed substantial charges, including detention and demurrage fees, dating [...]

In a landmark move for environmentally conscious shipping, South Korea’s shipping giant HMM has partnered with Shanghai International Port Group (SIPG) to champion clean marine fuels at Shanghai Port. This collaboration goes beyond the simple provision of fuels like methanol and LNG (Liquefied Natural Gas). It’s a comprehensive strategy with ambitious goals: Slashing Carbon Footprint: This [...]

In a landmark move for environmentally conscious shipping, South Korea’s shipping giant HMM has partnered with Shanghai International Port Group (SIPG) to champion clean marine fuels at Shanghai Port. This collaboration goes beyond the simple provision of fuels like methanol and LNG (Liquefied Natural Gas). It’s a comprehensive strategy with ambitious goals: Slashing Carbon Footprint: This [...]

According to preliminary statistics from the General Department of Customs, Vietnam’s total import and export turnover of goods reached US$145.6 billion up until March 15, 2024. Key Highlights: Impressive growth: The import and export turnover increased by 14.5% compared to the same period last year, indicating a positive start for Vietnam’s economy this year. Exports [...]

According to preliminary statistics from the General Department of Customs, Vietnam’s total import and export turnover of goods reached US$145.6 billion up until March 15, 2024. Key Highlights: Impressive growth: The import and export turnover increased by 14.5% compared to the same period last year, indicating a positive start for Vietnam’s economy this year. Exports [...]

Yang Ming, a leading Taiwanese ocean carrier, has unveiled its optimized Transpacific service network for the upcoming year. This revamped network, effective from February 2025, caters to both Asia-US West Coast and Asia-US East Coast routes, offering a total of 13 loops for efficient cargo movement. Key Highlights of Yang Ming’s 2025 Transpacific Network: Comprehensive [...]