Rate Restoration North East Asia – Australia Trade
OOCL has advised that there will be a Rate Restoration of US$300/ 20’ and US$600/ 40’ from 1st Nov 2024 to maintain sustainable and reliable schedule to their clients. It will
Container Terminal Landside Fees – Timing Updates
Last week (9 Oct), the Victorian Department of Transport & Planning (DTP} announced that the Victorian Minister for Ports and Freight, Melissa Horne MP, had approved two new me
Australia’s Freight Dilemma: Road vs. Rail in the Face of Increasing Demand
Australia’s freight industry is at a crossroads. With an ever-increasing demand for goods and services across the nation, the question of how best to transport these goods has be
Kaohsiung Hit by Asia’s Container Congestion
The container congestion contagion effect appears to be manifesting itself in Taiwan with a recent build-up of boxes in its main gateway of Kaohsiung. Congestion in south-east Asia
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
