Industry News

16 06 , 2024

Port of Oakland Surpasses 200,000 TEUs in March Handling

In the preceding month, the Port of Oakland witnessed a substantial surge in container volume, with 202,816 TEUs traversing its facilities, marking a notable 19.1% increase compared to March 2023.Impo...

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...

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