News
22.08.31
SCFI Slides for 11 Straight Weeks in Week 34
The composite Shanghai Containerized Freight Index (SCFI) slid 8% from the previous week to 3,154.26 points in Week 34, having remained on the decline for the 11th week in a row, according to the S...
22.08.30
S. Korea-China Trade Dips 4% to 1.9 Mln. TEUs in Jan.-July
A total of 1,900,614 TEUs of containers were traded between South Korea and China in January-July, which shrank 4.09% from the same seven months of last year, according to the Yellow Sea Liner Ship...
22.08.29
CIMC Abandones Intended MCI Acquisition After DOJ Investigation
China International Marine Containers (Group), or CIMC has abandoned its intended acquisition of Maersk Container Industry and Maersk Container Industry Qingdao (collectively, MCI) after the U.S. D...
22.08.26
Port Strike Averted in Germany After Agreement Reached
A port worker strike in Germany has been averted, unlike the British port of Felixstowe, where some 19,000 workers are on strike until next Monday. Trade union ver.di and the Central Association of...
22.08.25
Ex-Shanghai Spot Rates Decline on Almost All Routes
The composite Shanghai Containerized Freight Index (SCFI), which represents spot rates for container exports from Shanghai that do not include terminal handling charges (THCs), went down 3.7% from ...
22.08.24
Japan-China Ctr. Trade Down 8.1% Outward, Up 0.7% Inward in H1
Container exports from Japan to China decreased 8% to 759,447 tons in June due to declines in major commodities, according to the Japan Maritime Center (JMC). It was the fourth consecutive month of...
22.08.23
2,000 Felixstowe Workers Stage Strike, Could Disrupt Supply Chains
Dockers at Fexlistowe, the U.K.'s largest container port, recently went on an eight-day strike after wage negotiations between a terminal operator and labor unions had broken down. Asking for highe...
22.08.22
WCI Decreases for 25th Consecutive Week
The composite World Container Index (WCI) decreased by 3% from the previous week in Week 33, the 25th consecutive weekly decrease, and has dropped by 35% when compared with the same week of last ye...
22.08.18
SCFI Declines Again in Week 32, Plunges 30% Since Start of Year
The composite Shanghai Containerized Freight Index (SCFI), which reflects spot rates for container exports from Shanghai that do not include terminal handling charges (THCs), stood at 3,562.67 poin...
22.08.17
Rhine Water Levels Fall, Suspending Barges in Upper, Middle Areas
Heatwaves and droughts in Europe have lowered Rhine River water levels, keeping barges from running. German barge operator and intermodal transporter Contargo said last Friday that it may have to l...
