Market News

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 [...]

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 [...]

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 [...]

Shipping routes between Asia and the Mediterranean (Asia-MED) are experiencing significantly longer transit times due to the Red Sea crisis. Impact: Ships are being forced to take a longer route around the Cape of Good Hope, leading to an average increase of 39% in minimum transit times. This data is based on a comparison between [...]

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 [...]

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 [...]