News
22.09.08
Containerships Stay Shorter in Aug. at World's Top 20 Ports
The average number of days for which freighters stayed at the world's top 20 container ports (based on volumes in 2021) was 2.32 in August, down 3.1% from the previous month, according to the Shang...
22.09.07
SCFI Falls Below 3,000 Pts. for 1st Time in 17 Months
Freight rates for container exports from China continued to fall in Week 35 due to weaker transport demand in line with global economic slowdowns, despite tonnage control by shipping lines. The com...
22.09.06
Liverpool Workers to Stage Strike on Sept. 19-Oct. 3
British trade union Unite the Union will stage a strike at the Port of Liverpool on Sept. 19-Oct. 3. Some 500 dockworkers and 60 maintenance engineers are expected to join. The wage increase of 7% ...
22.09.05
Freight Rates Plunge on Routes to NA, N. Europe, Med.
The composite World Container Index (WCI) decreased by 5% in Week 35, the 27th consecutive weekly decrease, and has dropped by 43% when compared with the same week of last year. The latest composit...
22.09.01
S. Korea-Asia Box Trade Down 4% to 2.3 Mil. TEUs in Jan.-July
South Korea traded a total of 349,200 TEUs of containers with eight other Asian countries and regions in July, which decreased 3.6% year on year from 362,400 TEUs. This year, its container trade co...
22.08.31
SCFI Slides for 11 Straight Weeks in Week 34
The composite Shanghai Containerized Freight Index (SCFI) slid 8% from the previous week to 3,154.26 points in Week 34, having remained on the decline for the 11th week in a row, according to the S...
22.08.30
S. Korea-China Trade Dips 4% to 1.9 Mln. TEUs in Jan.-July
A total of 1,900,614 TEUs of containers were traded between South Korea and China in January-July, which shrank 4.09% from the same seven months of last year, according to the Yellow Sea Liner Ship...
22.08.29
CIMC Abandones Intended MCI Acquisition After DOJ Investigation
China International Marine Containers (Group), or CIMC has abandoned its intended acquisition of Maersk Container Industry and Maersk Container Industry Qingdao (collectively, MCI) after the U.S. D...
22.08.26
Port Strike Averted in Germany After Agreement Reached
A port worker strike in Germany has been averted, unlike the British port of Felixstowe, where some 19,000 workers are on strike until next Monday. Trade union ver.di and the Central Association of...
22.08.25
Ex-Shanghai Spot Rates Decline on Almost All Routes
The composite Shanghai Containerized Freight Index (SCFI), which represents spot rates for container exports from Shanghai that do not include terminal handling charges (THCs), went down 3.7% from ...
