Market News

Passenger travel booming, but US airlines slow to restart China routes crucial for e-commerce deliveries. While airlines are ramping up capacity to meet travel demand elsewhere, a major bottleneck is forming for e-commerce. US airlines are reluctant to resume suspended China routes, creating a shortage of cargo space crucial for affordable e-commerce deliveries between the [...]

Newcomer joins established players in offering services despite security concerns. Singapore-based NVOCC (Non-Vessel Operating Common Carrier) Summit Shipping has launched its own liner operation in the Red Sea. Their “JEA-ADE-JIB” service connects Aden, Djibouti, and Jebel Ali using the chartered 713 TEU vessel “Ji Zhe 2”. Summit reportedly took over the vessel from Peak Shipping, [...]

Asyad Line, a leading Omani container shipping company, is set to launch a brand new service catering to the growing trade between the Far East and West India. Dubbed the Far East Express One (FEX1), this service will offer efficient and direct connections for businesses looking to import and export goods between key Asian markets. [...]

The French container company CMA CGM has implemented new Freight All Kinds (FAK) rates for shipments traveling from all major Asian ports to various destinations across the Mediterranean Sea (including some regions of North Africa). These adjustments will impact Asian shipping cargo booked for voyages starting April 1, 2024, and onwards. These rates apply to several [...]

Hapag-Lloyd, a major German shipping line, has recently implemented a price increase for FAK (Freight All Kinds) shipments traveling by sea between the Far East and various destinations in North Europe, the Mediterranean, Latin America, and the Caribbean. These adjustments will impact shipments booked for voyages starting April 1, 2024, and onwards. Here’s a quick [...]

French shipping giant CMA CGM Group announced the launch of SEA REWARD on March 13th, 2024. This innovative loyalty program aims to elevate customer experience within the logistics industry. Through SEA REWARD, CMA CGM seeks to solidify client relationships by providing exclusive benefits and a seamless digital journey. The program functions on a straightforward principle: [...]