News
21.04.19
Cargo Surge Breaks March, Q1 Records at L.A. Port
The Port of Los Angeles processed 957,599 TEUs in March, a 113% leap compared to March 2020 when global trade slowed to a crawl at the outset of the COVID-19 pandemic. It was the strongest March in...
21.04.15
''Ever Given'' Detained Pending Compensation Payment of $916 Mln
The container ship ''Ever Given'' has been held by an Egyptian court pending a compensation payment of US$916 million which the Suez Canal Authority (SCA) has officially claimed for damage caused b...
21.04.13
Asia-US Box Exports Balloon 97.2% in March
Container exports to the U.S. from 10 major countries and regions in Asia set a new monthly record in March, ballooning 97.2% to 1,823,737 TEUs, Descartes Datamyne unveiled recently. The research c...
21.04.12
Port of Long Beach Reaches Busiest Month on Record
The Port of Long Beach achieved its busiest month and its second-best quarter on record as consumers continued to practice physical distancing guidelines in March and turned their computers into vi...
21.04.12
Global Air Cargo Volumes Exceed 2018 Levels: IATA
The International Air Transport Association (IATA) has released February 2021 data for global air cargo markets showing that air cargo demand continued to outperform pre-COVID levels with demand up...
21.04.09
US Retail Import Surge Expected Through Summer
The unprecedented surge of imports at retail container ports in the U.S. that began last summer is expected to continue at least through the end of this summer as retailers work to meet increased c...
21.04.09
FMC Meeting Addresses Carriers Alliance Monitoring
The U.S. Federal Maritime Commission (FMC) met virtually and in closed session on Wednesday to discuss developments in the ongoing Fact Finding 29 investigation of challenges to the freight deliver...
21.04.08
India's Concor Offers 50% Discount for Empty Container Move
India's state-run Container Corporation of India (Concor) has offered the trade a discount of 50% discount on the rail freight tariff for movement of empty containers from gateway ports to various ...
21.04.07
South Korea's Box Traffic Edges down 0.9% in February
South Korean ports handled a total of 2.21 million TEUs of containers in February, down 0.9% year on year. In breakdown, exports accounted for 650,000 TEUs, down 4%, but imports grew a favorable 3....
21.04.06
CCFI, SCFI Both Increase for First Time in Five Weeks
The Shanghai Shipping Exchange (SSE) has unveiled freight rates in Week 13 for exporting containerized shipments from China. The composite China Containerized Freight Index (CCFI) went up 0.4% from...
