OSLO – Norway, 1 October 2024 The International Longshoremen’s Association (ILA) has today, Tuesday, gone ahead with strike action at US ports from Maine to Texas and accused ocean container…
Peel Ports was pleased to welcome the first call of a new direct container service connecting the UK’s North-West with the Far East this week. MSC’s new Britannia Service creates…
Oslo, Norway, 22 December 2023 The crisis in the Red Sea region has sent the cost of ocean freight shipping spiralling as the market continues to react to vessels being…
June 22, 2023 – Oslo, Norway – With the peak ocean freight cargo season approaching, the latest data from Oslo-based Xeneta shows mixed fortunes, and outlooks, for the two main Far…
Container shipping capacity between the Far East and the US East Coast has risen sharply from last year as shippers have shifted volumes towards the East Coast (USEC) and away…
Over the past five weeks, carriers have continued to blank sailings in response to lower demand on the three largest trade lanes out of the Far East bound for North Europe, North American East…
Xeneta’s latest weekly container rate update: Diverging trends for Far East to Mediterranean vs North Europe https://hubs.ly/Q018Z6pw0 In contrast to spot rates on the Far East to North Europe trade…
After months of long term rates being significantly more expensive than short term rates on the backhaul US to Far East trade, a fall in long term rates at the…
Agreement to develop ship repair cluster in Russia’s Far East Sovcomflot, NOVATEK and Far Eastern Shipbuilding and Ship Repair Center sign agreement to develop ship repair cluster in Russia’s Far…
New partner hire consolidates Hill Dickinson’s commodities expertise Maritime law specialist Hill Dickinson has boosted its commodities expertise in Asia and the Far East with the hire of a trade…
BIMCO’s SNOW: Far East container spot rates to Brazil up by 230.5% Far East container spot rates to Brazil up by 230.5% What started as a red-hot container market for…
AAL launches regular ‘Europe – Far East’ multipurpose heavy-lift service July 3, 2019 – AAL Europe has formally launched a ‘Europe – Far East Service’, to offer regular sailings and highly flexible…
The Stock Markets opened in red in the Mighty Continent following the Far East’s fall. Is it the Trade War? Is it Ms Lagarde’s statement that the stock market valuations…
The BDI went under the 1,000 point threshold thanks to the Golden Week in the FarEast… The geopolitical events have deepened causing more concern. John Faraclas’ daily and weekly recap:…
Nothing spectacular has happened and the dry markets are still 65.1 centum below the December 2013 closing; a very disappointing market performance. The wets too are overall still down despite…
Ruscon, part of the GCS Group, has launched a weekly fixed day block train from Moscow to the Far East of Russia. The train, with a capacity of 154TEU (77FEU)…
April 24, 2014 – In preparation for the coming peak season, Evergreen Line is implementing service enhancements for the Red Sea market. The carrier will adjust the port rotation of…