Shipping News

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…

On October 3, 2024, the International Longshoremen’s Association (ILA) and the U.S. Maritime Union (USMX) issued a joint statement that the parties have reached a tentative agreement on wages and have agreed to extend the Master Contract through January 15, 2025, with a subsequent return to the bargaining table to resolve other remaining issues. Effective…

One of shipping company “MSC” said in a newly released statement that it expects a possible port strike in the U.S. East and Gulf Coast after the contract expires on Sept. 30, as negotiations between the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance, Inc. and U.S. Maritime Union, Inc. (USMX) approach their deadline….

The Port of New York-New Jersey, the second-busiest container port in the United States, is ramping up preparations for an impending strike and has urged shippers to halt cargo operations within a week of the union’s set strike deadline. Port Director Bethann Rooney outlined the operational plans during the shutdown in a letter to clients,…

Last Thursday, a trailer carrying large lithium-ion batteries overturned and caught fire on a highway near the Port of Los Angeles. The fire was difficult to control and was expected to burn for 24-48 hours, resulting in traffic jams, road closures, and the closure of several terminals. The accident is yet another warning about the…

Recently, several European countries have been hit by severe flooding, resulting in casualties and widespread property damage. Reports indicate that the border areas between the Czech Republic and Poland have been severely affected, with floods washing away bridges and destroying some homes. The Moravia-Silesia region in the Czech Republic has been particularly impacted, with around…

Shipping Lines Halt Container Bookings and Impose ‘Work Disruption Surcharge‘ ! A number of ports on the US East Coast and Gulf Coast are actively announcing their contingency plans in preparation for the dockworkers’ strike expected to take place on October 1st. In order to minimise the potential impact of the strike, these ports plan…

A cargo barge collided with the Willems Bridge in Rotterdam, causing five containers to fall into the Maas River. This is the second inland cargo vessel collision with a Rotterdam bridge this year, leading to a major disruption of the busy river traffic. The collision occurred around 8:45 AM local time on Wednesday, September 11….