Market News

French shipping company CMA CGM Group has announced it will resume Red Sea transits on a case-by-case basis. The Marseille-based carrier said, “We have reevaluated the situation in the Southern Area of the Red Sea and the evolving conditions allow us to resume transit on a case-by-case basis.” CMA CGM noted that “the situation is [...]

Transpacific container trade kicked off 2024 with a bang, experiencing a 16.9% surge in eastbound box volumes compared to January 2023. Lynerlytica predicts positive full-year growth after last year’s 15.1% decline. Capitalizing on this robust demand, carriers enjoyed freight rates over 200% higher than 2023. Industry heavyweights COSCO, CMA CGM, and Evergreen maintained their dominance, [...]

Transpacific container trade kicked off 2024 with a bang, experiencing a 16.9% surge in eastbound box volumes compared to January 2023. Lynerlytica predicts positive full-year growth after last year’s 15.1% decline. Capitalizing on this robust demand, carriers enjoyed freight rates over 200% higher than 2023. Industry heavyweights COSCO, CMA CGM, and Evergreen maintained their dominance, [...]

Wan Hai Lines, a prominent Taiwanese ocean carrier, is set to revitalize its Asia-Pacific Service (AP1), aiming to bolster its network along the US West Coast. This strategic enhancement sees the AP1 service taking over from the erstwhile AA3 service, with the collaborative effort alongside Ocean Network Express (ONE). Under this partnership, Wan Hai Lines [...]

Wan Hai Lines, a prominent Taiwanese ocean carrier, is set to revitalize its Asia-Pacific Service (AP1), aiming to bolster its network along the US West Coast. This strategic enhancement sees the AP1 service taking over from the erstwhile AA3 service, with the collaborative effort alongside Ocean Network Express (ONE). Under this partnership, Wan Hai Lines [...]

Ocean Network Express (ONE) has announced its Approval in Principle (AiP) for an innovative ammonia dual-fuel powered vessel. This significant milestone, coupled with ONE’s investment in twelve methanol dual-fuel ships, underscores the company’s steadfast dedication to achieving net-zero emissions by the year 2050, as outlined in their official statement. The AiP-endorsed vessel, boasting a capacity [...]