Industry News

14 06 , 2024
China's Container Prices Surge Beyond Expectations, Driven by Capacity Shortage and Demand Growth
In May, China's container market experienced significant volatility, with container prices rising beyond expectations. The average price for a 40-foot high-cube container at major Chinese ports in...
09 06 , 2024
Mixed Trends Evident in Global Container Port Throughput Indexes
In February, Drewry's Global Container Port Throughput Index stood at 109.2 points, marking a 0.8% decline from the previous month but an 8.3% increase compared to February 2023. According to the ...
05 06 , 2024
Red Sea Disruption Fuels Surge in Container Values and Rates
It seems like there has been a notable shift in container values since the beginning of the year, with increases observed across various sectors and age categories. After a period of decline following...
03 06 , 2024
Singapore Reopens Dormant Container Terminals to Ease Port Congestion
On 30 May, the Maritime and Port Authority of Singapore (MPA) announced the temporary resumption of operations at shuttered container terminals in the city-state’s downtown to alleviate the backlog o...
29 05 , 2024
Freight Rates Surge Again! U.S. East and West Coasts Up 10%; China’s Ports Face Renewed “Container Shortage”
Global shipping rates continue to surge The global maritime sector maintains its robust performance, with freight rates across all routes on the rise, propelling the latest Shanghai Containerized Frei...
20 05 , 2024
Long Beach Surpasses 2 Million TEUs Milestone in First Quarter
In March, the Port of Long Beach witnessed an upsurge in trade, fueled by a resurgence in consumer confidence, heralding the seventh consecutive month of year-over-year cargo expansion.Throughout the ...
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