India to Develop 16 million TEU Container Port in Nicobar Islands

India’s ministry of ports, shipping and waterways has begun soliciting bids for a public-private partnership (PPP) for the development of an international container transshipment port on Great Nico...


WCI Continues to Decrease Mildly

Drewry Maritime Research’s composite World Container Index (WCI) decreased by 2% to $2,046.51 per FEU in Week 4. It has dropped by 78% when compared with the same week of last year. It was 80% belo...


MSC, Maersk to Terminate 2M Alliance

MSC and Maersk have mutually agreed to terminate their present 2M alliance in January 2025. The alliance was introduced in 2015 with the aim of ensuring competitive and cost-efficient operations on...


FMC to Receive More Comments

The U.S. Federal Maritime Commission (FMC) will issue a supplemental notice of proposed rulemaking (SNPRM) that addresses the issues that commenters raise in response to the unreasonable refusal to...


Asia's Exports to US Decrease in Dec., Increase in 2022

Container exports to the U.S. from 18 Asian countries and regions plunged 15.2% to 1,410,464 TEUs in December, registering a year-on-year contraction for the fourth month in a row, according to sta...


Intra-Asia Container Movement Slows in Nov.

Intra-Asia container movement slowed 4.9% to 4,035,247 TEUs in November, suffering a year-on-year decline for four months running, the Japan Maritime Center recently reported in reference to statis...


UK's CMA Begins Seeking Comments on CBER

The U.K.'s Competition and Markets Authority (CMA) is launching its consultation on its proposed recommendations to the Secretary of State for Business, Energy and Industrial Strategy (BEIS) regard...


Japan's Exports to US Increase 10.5% in 2022

Japan exported 643,834 TEUs of containers to the U.S. in 2022 (based on volumes at ports of origin in Japan), which increased 10.5% from the previous year, according to Descartes Datamyne. Exceedin...


Freight Rates Drop on Most Routes

Drewry Maritime Research's composite World Container Index (WCI) decreased by 3% to $2,078.90 per FEU in Week 3, which has dropped by 79% when compared with the same week of last year. It was 80% b...


NX (South Asia & Oceania) Foresees Shipping Market in 2023

Nippon Express (South Asia & Oceania), a member of the Nippon Express Holdings (NXHD) group, projected that freight rates from South Asia and Oceania to Europe and North America, which have con...



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