MSC increases December 2026 FAK rates on Far East–Mediterranean and Black Sea trades
Effective December 1, 2026, MSC will increase its Freight All Kinds (FAK) rates from the Far East to the Mediterranean, North Africa and Black Sea, with rates reaching as high as USD 8,200 per 40-foot container. Rates to Northern Europe will remain unchanged.
CMA CGM Announces New Peak Season Surcharges on Services from Asia to the Mediterranean and Mauritius
CMA CGM will introduce new Peak Season Surcharges (PSS) from November 2026, reaching up to US$1,600 per 40-foot container on services to the Mediterranean and North Africa, alongside revised charges for shipments to Mauritius.
COSCO Shipping Energy Plans 24-Vessel VLCC Fleet Expansion
COSCO Shipping Energy has unveiled a major fleet expansion program comprising 24 Very Large Crude Carriers (VLCCs), split between 10 direct newbuilding orders valued at $1.42 billion and 14 long-term bareboat charters, with deliveries scheduled across 2029–2030.
Evergreen's EVER EON Transits Suez Canal, Marking Return After Nearly Three Years of Disruption
Evergreen's 16,556-TEU container ship EVER EON transited the Suez Canal on November 8, 2026, marking the carrier's return to the key maritime route after nearly three years of disruption caused by the Red Sea crisis.
International Shipping and Logistics Market Update Week 45/2026 | Phaata
The international logistics marketplace platform Phaata provides an update on the international container shipping and logistics market for routes from Asia to North America, Europe, and more for Week 45 (from Nov 02 - Nov 08), 2026.
MSC Extends PRS and SCS Coverage to All Mediterranean and Black Sea Ports
MSC will extend the application of its PRS and SCS surcharges to cargo moving from Asia to the remaining ports across the Mediterranean and Black Sea, effective November 15, 2026, based on the proforma sailing date, until further notice.
Hapag-Lloyd Imposes US$400/TEU PSS on Cargo from Asia and Oceania to Tema
Hapag-Lloyd will apply a USD 400/TEU PSS to all container types from Asia and Oceania to Tema for cargo loaded from 6 November 2026.
Kuehne+Nagel Port Operations Update: Vessel Waiting Times in Ningbo and Shanghai Exceed Two Days
Kuehne+Nagel's port operations update for October 27–November 3, 2026, reports vessel waiting times of more than two days in Ningbo and Shanghai following typhoon-related disruptions, while yard utilization at Vung Tau remains elevated at 90–95%.
BIMCO Releases Contract Addendum Establishing Framework for Sharing Costs and Benefits of Fuel-Saving Retrofits
A new BIMCO contract addendum adopted in October 2026 establishes a standardized contractual mechanism enabling shipowners and charterers to equitably apportion capital expenditures and commercial gains arising from energy efficiency retrofits.
The Maritime Landscape in the Strait of Hormuz Amid New Strategic Adjustments
The expiration of the 60-day ceasefire in the Gulf is presenting new challenges for global supply chains. A look back at the strategic adjustments made by all sides and their potential impact on freight flows through the Strait of Hormuz.
Transit Times Cut by Up to 14 Days: Maersk Reinstates MECL Service via Suez Canal
Maersk has officially announced the return of its MECL service to the Suez Canal and Red Sea corridor. This strategic move will significantly shorten transit times between India, the Middle East, and the US East Coast.
Panama Canal Faces Potential Draft Restrictions in 2027
The Panama Canal Authority (ACP) has warned that it may further reduce vessel draft limits in 2027 if El Niño leads to below-average rainfall, adding fresh pressure to global shipping operations.
Air Freight Rates Remain Elevated Despite Gulf Ceasefire Driving Down Jet Fuel Prices
The ceasefire between the United States and Iran has eased jet fuel prices, but global air freight rates remained elevated throughout June, supported by resilient shipping demand and mounting peak-season pressure.
Hormuz Tensions Escalate: Commercial Vessels Hit by Missiles as U.S.–Iran Talks Stall
Maritime security in the Strait of Hormuz continues to deteriorate after several commercial vessels were struck by missiles amid stalled negotiations between the United States and Iran, heightening concerns over the stability of the global energy supply chain.
Gemini Cooperation to Trial the Resumption of a Service via the Suez Canal and the Red Sea
Maersk and Hapag-Lloyd, under the Gemini Cooperation alliance, are set to trial the return of one of their liner services through the Suez Canal and the Red Sea, marking the latest effort to restore operations along this strategically important trade route.
Hapag-Lloyd Acquires 20% Stake in One of Europe’s Largest Container Terminals
Hapag-Lloyd is further advancing its vertical integration strategy by signing an agreement to acquire a 20% stake in Eurogate Container Terminal Hamburg, while accelerating the expansion of its global port terminal portfolio.
ONE Launches Mediterranean Africa Express (MAX) Service, Strengthening West Africa–Mediterranean Connectivity
Ocean Network Express (ONE) has launched its new Mediterranean Africa Express (MAX) service, introducing a weekly route that provides direct connectivity between West Africa and key transshipment hubs in the Mediterranean.
CMA CGM Closes In on Becoming the World’s Second-Largest Container Shipping Line
CMA CGM is closing in on the position of the world’s second-largest container shipping line, narrowing the gap with Maersk and highlighting the evolving competitive landscape of the global container shipping industry.
International Shipping and Logistics Market Update Week 27/2026 | Phaata
The international logistics marketplace platform Phaata provides an update on the international container shipping and logistics market for routes from Asia to North America, Europe, and more for Week 27 (from Jun 29 - Jul 05), 2026.
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