SCFI Surges in Week 2 Due to Red Sea Crisis, Container Shortages

The Shanghai Containerized Freight Index (SCFI) closed at 2,206.03 points in Week 2, according to the Shanghai Shipping Exchange (SSE). The composite index surged 16.3% from the previous week due t...


Asia’s Exports to US Increase 15% in Dec.

Container exports from 10 leading countries and regions in Asia to the U.S. amounted to 1.51 million TEUs in December 2023 (based on volumes at ports of origin), which increased 1.5% from the previ...


120 Piracy, Armed Robbery Cases Reported in 2023

The International Maritime Bureau (IMB)’s annual Piracy and Armed Robbery Report recorded 120 incidents of maritime piracy and armed robbery against ships in 2023, an increase of five from 115 in 2...


BIMCO: 2024 Deliveries will Exceed 30 Mil. TEUs for 1st Time

In 2024, 478 container ships with a combined capacity of 3.1 million TEUs are scheduled for delivery, which would help the global container fleet capacity exceed 30 million TEUs for the first time,...


354 Containerships Rerouted from Suez to Cape of Good Hope

The number of containerships that has been diverted from the Suez Canal to the Cape of Good Hope route has reached 354 ships of 4.65 million TEUs since Dec. 15, accounting for 80% of all of the shi...


Global Port Tracker: US Imports Will Slow in Q1

With the holiday season over, inbound cargo to U.S. major container ports should gradually slow during the first quarter of 2024 before beginning to build again in the spring, according to the Glob...


Jan. 1 Earthquakes Cause Very Little Damage to CTs

There are almost no abnormalities at container terminals in ports on the Noto Peninsula in Japan, which was hit hard by devastating earthquakes on Jan. 1, according to the Ministry of Land, Infrast...


Japan's 6 Major Ports Handle 1.18 Mil. TEUs in Oct.

Japan's six major ports handled 1.18 million TEUs of containers in October 2023, which shrank 6.3% from a year earlier and was their first year-on-year decrease in two months, according to prelimin...



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