According to a recent Container xChange survey, 69% of freight forwarders expect demand recovery in 2023, with 51% of those not sure when that will happen. 18% of respondents expect recovery in the next one to three months, and 31% do not expect recovery this year. An approaching peak season usually raises container prices as companies prepare to ship goods,…
99.24% of ILWU union workers in Canada voted to strike at the Canadian ports of Vancouver and Prince Rupert in Canada which could happen as early as the 24th of June 2023.. This proposed strike action could negatively impact the US West Coast as around 15% of US trade flows through the Port of Vancouver.. This announcement could not have…
Hapag-Lloyd announced a general rate increase (GRI) from East Asia to North America for cargo transported in dry, reefer and special containers, including high cube equipment. More specifically, there will be a rate increase of US$800 per all 20′ container types and a US$1,000 increase per all 40′ container types. The German ocean carrier said the general rate increase will…
The long-term strategic air cargo cooperation of Air France-KLM and the CMA CGM Group, which was announced in May 2022, has officially commenced. CMA CGM and Air France-KLM officially launch 10-year air cargo partnership Air France-KLM Martinair Cargo, part of the Air France-KLM Group, and CMA CGM Air Cargo, part of the CMA CGM Group, will combine their cargo networks,…
Singapore, the world’s top bunkering hub, is getting the infrastructure in place for shipping’s future fuel mix where methanol will play a significant role. Local firm Consort Bunkers has just contracted China Merchants Jinling Shipyard to build six 6,500 dwt methanol bunkering tankers while compatriot Global Energy Group is set to receive its first 4,000 dwt methanol bunkering vessel from…
PSA International’s business unit, PSA Cargo Solutions (Cargo Solutions) will combine with PSA’s subsidiary BDP International to form a new brand, named PSA BDP. The new company will be led by Mike Andaloro who will serve as PSA BDP’s CEO. At the same time, he will lead the new company’s Sales and Operations. Earlier in April 2022, PSA International bought…
Wan Hai Lines conducted a ship naming ceremony for WAN HAI 331, which is the first vessel in a line of 3,000 TEU container ships constructed by Taiwan’s CSBC Corporation. The new vessel has a total length of 209 meters, a width of 33 meters, a draught of 11 meters, and a maximum cruising speed of 20 knots. In addition,…