News
24.09.18
NCFI Plunges 10% Due to Capacity Oversupply
The composite Ningbo Containerized Freight Index (NCFI) closed at 1,817.7 points in Week 37, which plunged 10.2% from the previous week and has remained on the decline for four weeks running, accor...
24.09.17
US Container Imports from Asia Increase 5% in Aug.
U.S. container imports from 10 major Asian economies amounted to 1.8 million TEUs in August (based on volumes at ports of origin), which increased 5% year on year and have remained on the rise for ...
24.09.13
FMC Admits Questions, Concerns Over Gemini Cooperation
The U.S. Federal Maritime Commission (FMC) has admitted to questions and concerns over whether the Gemini Cooperation, to be formed by Maersk and Hapag-Lloyd, will have anti-competitive consequence...
24.09.12
Maersk, Hapag-Lloyd Announce Ocean Network Options with Industry-Leading Schedule Reliability
In February 2025, Maersk and Hapag-Lloyd will launch an operational collaboration, the Gemini Cooperation. Its ambition is to deliver a flexible and interconnected ocean network with an industry-le...
24.09.11
US Container Ports Expected to See Busy Sept.
U.S. major container ports are expected to see another busy month in September ahead of a potential labor strike at East Coast and Gulf Coast ports, according to the Global Port Tracker report rele...
24.09.10
Global Container Trade Grows 5.6% in July
Global container trade grew 5.6% year on year to 15.71 million TEUs in July, according to Container Trades Statistics (CTS). From the previous month, however, it decreased 0.2%. In the first seven ...
24.09.09
WCI Stays on Decline for 7 Consecutive Weeks
The World Container Index (WCI) decreased 8% from the previous week to $4,775 per FEU in Week 36, which has stayed on the decline for seven consecutive weeks, according to Drewry Maritime Research....
24.09.06
NCFI Plunges 12.7% in Aug.
The composite Ningbo Containerized Freight Index (NCFI) averaged 2,384.5 points in August, down 12.7% from July but up 224.2% from August 2023, according to the Ningbo Shipping Exchange (NBSE). On ...
24.09.05
China’s CSSC, CSIC to Merge into Supergiant Shipbuilder
China’s shipbuilding industry announced a historic merger between two of its largest players, China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC), on Mond...
24.09.04
KCCI Continues to Fall for 8 Consecutive Weeks
The latest KOBC Container Composite Index (KCCI) came to 4,467 points on Monday, down 1.39% from a week earlier, which has remained on the decline for eight straight weeks, Korea Ocean Business Cor...
