News
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...
24.09.03
Container Throughput Index Improves in July
According to the latest flash estimate by the RWI-Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL), the Container Throughput Index rose to a seaso...
24.09.02
WCI Decreases for 6 Weeks Running
The World Container Index (WCI) decreased 3% from the previous week to $5,181 per FEU in Week 35, remaining on the decline for six weeks in a row, according to Drewry Maritime Research. The composi...
24.08.30
Number of containerships at LA, LB Ports on Rise
Through Aug. 23, there were an average of 19.6 containerships at berth at the U.S. ports of Los Angeles and Long Beach per day in August, according to Marine Exchange of Southern California (MXSOCA...
24.08.29
MLIT to Request ¥314.2 Bil. Budget for FY2025
The Ports and Harbours Bureau of Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has unveiled that it will submit a request for budget allocations for fiscal 2025 that amount...
24.08.28
Asia’s Europe-Bound Container Exports Grow 8% in June
Container exports from Asia to Europe amounted to 1.59 million TEUs in June, up 8% year on year, according to statistics compiled by the Japan Maritime Center (JMC) from data provided by the U.K.’s...
24.08.27
NCFI Decreases 5.4% as Spot Rate Declines Accelerated on Europe Trade
The composite Ningbo Containerized Freight Index (NCFI) turned down again in Week 34, down 5.4% from the previous week to 2,310.2 points, as declines in spot rates for container exports from Ningbo...
24.08.26
Drewry Expects 2024 to be 2nd Highest Container Manufacturing Year
Drewry expects 2024 to be the second highest year on record for dry freight container manufacturing, driven by the all-time high quarterly production in the second quarter (April-June), followed by...
