Container volume and cargo throughput at Chinese ports both achieved positive growth in the first quarter of this year.
Container volume and cargo throughput at Chinese ports both achieved positive growth in the first quarter of this year. In Q1, container volume at major Chinese ports was 76.73 million teu, an increase of 10% year-on-year. Domestic container volume and foreign trading volume grew 8.5% and 11.1%, respectively. Shanghai port, Ningbo-Zhoushan port and Qingdao port were the top three container [...]
19/05/2024
Ships told to reroute in Indian Ocean as Houthi attack range extends
RED SEA CRISIS Ships told to reroute in Indian Ocean as Houthi attack range extends. A Houthi drone strike on an MSC container ship in the Indian Ocean has led to EU Forces advising shipping to avoid the Western Indian Ocean and the Gulf of Aden. EU Naval Force Operation ATALANTA is advising shipping to sail at least 150 nm [...]
19/05/2024
Unmasking the extent of container shipping’s potential overcapacity
RED SEA CRISIS Unmasking the extent of container shipping’s potential overcapacity. Analyst Alphaliner outlines the current capacity shortages in the trades between Asia and Europe and in doing so also reveals the extent of the potential overcapacity that could affect the industry if the Red Sea crisis is resolved. The broker’s weekly report shows a chart with the capacity required [...]
19/05/2024
ZIM overtakes Yang Ming to become 9th largest container line
ZIM overtakes Yang Ming to become 9th largest container line. Analyst Linerlytica said that the delivery the ZIM Mount Vision, the 10th in a series of 15,248 teu ships chartered from Seaspan, had pushed it past Taiwanese line Yang Ming to take the number nine spot in terms of capacity. The series of 10 newbuilds from Samsung Heavy Industries lifted [...]
14/04/2024
Container security comes of digital age
Container security comes of digital age. Fitting advanced telematics solutions with sensor support to dry containers can transform cargo security, supply chain resilience, and risk management, says ORBCOMM’s Christian Allred, Executive Vice President and General Manager of International Sales. Confronted by an array of security threats ranging from opportunistic intrusion, tampering and theft to the trafficking of drugs and people [...]
14/04/2024
WTO forecasts rebound in global trade but warns of downside risks
WTO forecasts rebound in global trade but warns of downside risks. Global goods trade is expected to pick up gradually this year following a contraction in 2023 that was driven by the lingering effects of high energy prices and inflation, WTO economists said in a new forecast on 10 April. The volume of world merchandise trade should increase by 2.6% [...]
14/04/2024
Malaysia Refines Service Tax Exemptions to Boost Logistics Sector Competitiveness
Malaysia Refines Service Tax Exemptions to Boost Logistics Sector Competitiveness. The Malaysian Ministry of Finance (MoF) has refined the scope for Service Tax exemptions to alleviate the direct impact on the rakyat’s living cost and cascading tax incidences in the logistics sector. Finance Minister II, Datuk Seri Amir Hamzah Azizan said the Service Tax exemptions for the logistics sector and [...]
07/04/2024
Bukit Raja Sorting Centre Boosts SPX Express Efficiency in E-commerce Logistics Nationwide
Bukit Raja Sorting Centre Boosts SPX Express Efficiency in E-commerce Logistics Nationwide. SPX Express (SPX), the logistics arm of Shopee, has achieved a 30% improvement in delivery times for parcels travelling from Klang Valley to non-Klang Valley regions with the opening of the new Bukit Raja Sorting Centre in Selangor in January 2024, SPX continuously improves their overall logistics network [...]
07/04/2024
Maersk transports 3% of containers using green fuels in 2023
Maersk transports 3% of containers using green fuels in 2023. The use of green fuels saving over 683,000 tonnes of greenhouse gases from being emitted into the atmosphere. “We have an ambitious goal to become a climate-neutral company by 2024. The 660,000 standard containers transported on green fuels in 2023 equal 3% of our global ocean transport volume and show [...]
07/04/2024
MSC completes acquisition of French Freight Forwarder Clasquin
MSC completes acquisition of French Freight Forwarder Clasquin. MSC and French freight forwarder Clasquin have agreed on the terms of an acquisition deal announced in December 2023 which will be completed by MSC subsidiary SAS Shipping Agencies Services Sàrl. SAS will acquire a 42% stake in the French forwarder for an estimated $353m (€325m) from its chairman Yves Revol and [...]
31/03/2024
