Industry News

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 ...

19 05 , 2024

European and US Ports Grapple with Turbulence in Volatile Markets

The dynamic currents of economic activity are mirrored in the evolution of the ports industry, where terminals in burgeoning economies are ascending the ranks as regional ports assume greater signific...

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