Maersk’s New D&D Calculations Seen as Benefiting ‘Liner Pockets’
A change in the way Maersk calculates detention and demurrage (D&D) rules will not be effective in helping container flows and will only be beneficial to the pockets of contain
Moderation in Container Spot Rate Increases Hints at Approaching Peak
In the surest sign yet that soaring container spot freight rates may have reached something resembling a peak, this week’s indexes showed the smallest gains in months, while a co
MSC CAP/KIWI Service Suspended until further notice
In a significant update received, it has been instructed that all fresh bookings for the Capricorn and Kiwi Express services must cease immediately. This measure is necessary to ad
Intra-Asia Services Struggle as Smaller Ships Diverted to Long-Hauls
The cascading of smaller box ships to more-lucrative long-haul lanes has created a shortage of vessels for intra-Asia trades. A meeting of representatives of the Korea Shipowners A
Singapore Authorities Take Action to Reduce Port Congestion
MARITIME Port Authority Singapore (MPA) and port operator PSA have held discussions with carriers to address the worsening vessel traffic at the world’s second-busiest port.
Houthi Attack on Prestige Falcon Deadliest Yet; 16 Crew Missing
None of the 16 crew of the Prestige Falcon has yet been found, following the sinking of the 7,056dwt product tanker on Monday, meaning that this looks to be the deadliest Houthi st
CMA CGM Ship Loses 44 Containers in South African Storm
A CMA CGM containership lost 44 containers overboard amid heavy weather off the coast of South Africa on Tuesday. The incident occurred while the CMA CGM Benjamin Franklin was en r
Near-Normal Water Levels Boost Panama Canal Ship Transits
The Panama Canal’s freshwater reservoirs are entering summer at close to normal levels, prompting the canal’s operator to increase the number of large ships moving through the
Freight Spend Management Top Priority Amid Red Sea Crisis
Managing freight spend is the biggest concern for shippers and forwarders, as the supply chain volatility driving ocean rate hikes appears to have no end in sight. In Xeneta’s mi
Positive Growth Evident in Global Trade Trends Early 2024
Global trade trends turned positive in Q1 2024, with goods and services trade increasing by 1% and 1.5% respectively, driven by the US, China, and India, according to UN Trade and
