Shipping News

The international freight market has entered a phase of significant transformation, particularly in the Europe and U.S. trade lanes. As a freight forwarder, we are witnessing first-hand the ripple effects of falling freight rates, which are reshaping the dynamics between shipping lines, shippers, and intermediaries. This blog explores how shipping lines are adapting to these…

The delicate balance of America’s supply chain is once again under pressure as labor negotiations between port authorities and dockworker unions on the U.S. East Coast have broken down. This development has sparked fears of potential disruptions at some of the nation’s busiest maritime gateways, including the Ports of New York and New Jersey, Charleston,…

As the peak shipping season approaches, major shipping lines have announced a series of rate increases and surcharges effective December 2024, impacting trade across Asia, Europe, Oceania, and North America. Here’s a detailed breakdown of the latest updates: Maersk’s Rate Increases and Seasonal Surcharges Hapag-Lloyd’s FAK Rate Increase Hapag-Lloyd has announced an increase in Freight…

Canada’s ports play a pivotal role in global trade, acting as essential gateways for goods moving between North America and international markets. However, recent labor disputes at both western and eastern ports have led to strikes, creating significant disruptions in cargo transportation and supply chains. The Current Situation Labor unions representing dockworkers at major ports,…

The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) will meet in November to finalize an agreement for the ongoing labor dispute at U.S. ports. In a joint press release, the ILA and USMX announced that both parties involved in the U.S. East Coast port labor dispute will return to the negotiating…

Several shipping companies have recently announced a new round of rate adjustments for November. CMA CGM, HMM, ZIM, Maersk, Hapag-Lloyd, and others have successively adjusted rates on certain routes, including those to Europe, the Mediterranean, the Indian Subcontinent, and Africa. CMA CGM Adjusts FAK Rates from Asia to the Mediterranean and North Africa CMA CGM…

2M Alliance members MSC and Maersk have announced notices of suspension for a number of sailings in the U.S. East due to continued congestion in U.S. East Coast ports caused by the strike. MSC has announced that due to recent labor stoppages at ports along the U.S. East Coast and the Gulf of Mexico, causing…

On October 14, MSC issued an announcement stating that it would increase FAK (Freight All Kinds) rates for the Far East to the Mediterranean and introduce new Diamond Tier (DT) rates for the Far East to Northern Europe, with a maximum of $5,000. MSC raises Far East to Europe DT rates MSC declared that the…

The Amazon fall promotion has ended, but the warehouse congestion has not eased; instead, it has worsened, and new warehouse congestion has become normalized. The situation has been exacerbated by events such as the strike on the U.S. East Coast and the upcoming Prime Day sale, with widespread incidents of shipment refusals and schedule adjustments….

The Port of Piraeus is not only Greece’s largest port but also a strategic hub for trade between Europe and Asia. On October 5, an alarming incident occurred at the port when several containers collapsed, raising concerns about port safety, operational efficiency, and the broader implications for global supply chains.This blog will provide a detailed…