Market News

Ocean Network Express (ONE) has introduced its latest service, the Japan Taiwan Cat Lai (JTC) service.  This new offering aims to enhance customer connectivity through direct services, ensuring swift transit times, notably completing the journey from Tokyo to Taipei/Taichung in just four days.      Scheduled to kickstart this new weekly service, the boxship Interasia [...]

ZIM has unveiled an upward revision in rates for shipping routes originating from the West Mediterranean ports to destinations across the United States East Coast, Gulf, Canada, and Mexico.  The decision, disclosed through ZIM’s Tariff update on December 21st, is scheduled to take effect from January 20th, 2024. Under this adjustment, rates for 20’ containers [...]

CMA CGM is on the verge of surpassing Mediterranean Shipping Company (MSC) to become the leading operator within the Mediterranean, according to Alphaliner’s latest analysis. The French carrier has notably bolstered its position by expanding both its fleet size and deploying larger vessels in the region compared to a year ago. CMA CGM is about [...]

IMO-Singapore MSW Project Delivered at Angola PortIMO-Singapore project on Maritime Single Window delivery at Angola Port completed  IMO and Singapore’s MSW project at Angola’s Lobito Port successfully concludes, enhancing maritime efficiency and trade facilitation The completion of the SWiFT (Single Window for Facilitation of Trade) project at the Port of Lobito in Angola represents a [...]

ZIM, an Israeli container shipping company, reports a $2.27 billion loss in Q3 2023, down from the $1.66 billion profit last year   Israeli container shipping company ZIM reported a significant financial loss in the third quarter of 2023. The company experienced a net loss of US$2.27 billion during this period, a stark contrast to [...]

CMA CGM plays a crucial role in the global supply chain, particularly in the context of the robust growth of e-commerce and the demand for international goods transportation. The services of CMA CGM directly impact many businesses, ranging from large corporations to small and medium-sized enterprises, as well as consumers, by ensuring that goods are [...]