Market News

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 [...]

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 [...]

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 [...]

Shipping companies operating in the European Union need to prepare for stricter environmental regulations. The deadline to submit plans for monitoring fuel type and consumption under the FuelEU Maritime regulation is approaching on August 31st, 2024. What is FuelEU Maritime? Part of the EU’s Fit for 55 package, aiming to green the shipping sector. Requires [...]

Shipping companies operating in the European Union need to prepare for stricter environmental regulations. The deadline to submit plans for monitoring fuel type and consumption under the FuelEU Maritime regulation is approaching on August 31st, 2024. What is FuelEU Maritime? Part of the EU’s Fit for 55 package, aiming to green the shipping sector. Requires [...]

Leading container line Ocean Network Express (ONE) has announced the launch of a brand new service connecting China, Vietnam, and Thailand, offering a significant boost to its Southeast Asian coverage. This exciting new route, commencing operations on May 27th, 2024, offers businesses a direct and efficient connection between key markets in Asia. Port Rotation The [...]