Atlas Acquisition Could be Completed in March

Atlas' shareholders approved the acquisition of the Hong Kong-based asset management company by Poseidon Acquisition, a business consortium of Ocean Network Express (ONE) and major shareholders Fai...


WCI Decreases 3% in Week 8

Drewry Maritime Research's composite World Container Index (WCI) decreased 3% from the previous week to $1,897.88 per FEU in Week 8, which has dropped 80% since the same week of last year. It was 8...


Asia-US Exports Plunge 20% in Jan.

Container exports to the U.S. from 18 Asian economies plunged 20.1% to 1,468,276 TEUs in January, according to the Japan Maritime Center (JMC), which refers to data from the Journal of Commerce (JO...


SCFI Falls for 6 Consecutive Weeks

The Shanghai Containerized Freight Index (SCFI), an indicator for spot rates for container exports from Shanghai that do not include terminal handling charges (THCs), came to 974.66 points in Week ...


CP Executive Explains Benefits from CP-KCS Acquisition

Canadian Pacific Railway (CP)'s acquisition of Kansas City Southern (KCS) will bestow benefits upon not only shippers in North America but those in Japan and other Asian economies as well, a CP exe...


Survey: 16% of Japanese Firms in Russia Have Withdrawn

It has been a year since Russia invaded Ukraine, during which 16% of the Japanese companies in Russia have withdrawn, according to Tokyo-based credit research company Teikoku Databank. In February ...


WCI Down 2% in Week 7

Drewry' Maritime Research's composite World Container Index (WCI) decreased 2% to $1,954.64 per FEU in Week 7. Compared with the same week of last year, it has dropped 79%. The index was 81% below ...


DCSA Commits to Adopt eB/L by 2030

Digital Container Shipping Association (DCSA)'s nine ocean carrier members have committed to a 100% adoption of an electronic bill of lading (eB/L) based on DCSA standards by 2030. The bill of ladi...


Labor Submits Requests in 2023 Spring Wage Negotiations

The National Federation of Dockworkers Unions of Japan (Zenkoku Kowan) and the Japanese Confederation of Port and Transport Workers' Unions (Koun Domei) jointly submitted requests regarding labor c...


SCFI Falls Below 1,000 Points in Week 6

The composite Shanghai Containerized Freight Index (SCFI) stood at 995.16 points in Week 6, which went down 1.2% from the previous week, according to the Shanghai Shipping Exchange (SSE). It was th...



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