News
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 ...
22.08.24
Japan-China Ctr. Trade Down 8.1% Outward, Up 0.7% Inward in H1
Container exports from Japan to China decreased 8% to 759,447 tons in June due to declines in major commodities, according to the Japan Maritime Center (JMC). It was the fourth consecutive month of...
22.08.23
2,000 Felixstowe Workers Stage Strike, Could Disrupt Supply Chains
Dockers at Fexlistowe, the U.K.'s largest container port, recently went on an eight-day strike after wage negotiations between a terminal operator and labor unions had broken down. Asking for highe...
