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.
CMA CGM Raises FAK Freight Rates on Asia–Europe and North Africa Trade Lanes
CMA CGM has announced new Freight All Kinds (FAK) rates for shipments from Asia to Northern Europe, the Mediterranean, and North Africa, effective for sailings departing between 15 July and 31 July 2026.
Maersk Significantly Increases Emergency Contingency Surcharge (ECS) on Indian Subcontinent–Latin America Trade
Maersk has announced a substantial increase in its Emergency Contingency Surcharge (ECS), ranging from US$2,650 to US$4,550 per container, for shipments from the Indian Subcontinent to the West Coast of South America, the Caribbean, and Central America.
Hapag-Lloyd Adjusts and Raises Freight Rates on India and Pakistan to Europe Trades
Hapag-Lloyd has announced an upward adjustment in ocean freight rates for shipments moving from India and Pakistan to Northern Europe and the Mediterranean. The new rates will apply to vessel departures starting August 1, 2026.
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Asia–North America Container Freight Rates Surpass US$7,900 as Market Focus Shifts Away from Hormuz
Container freight rates on the Asia–North America trade have climbed above US$7,900 per FEU as robust peak-season demand continues to strengthen, shifting market attention away from security risks in the Strait of Hormuz toward tightening supply-and-demand fundamentals.
Hormuz Dispute Shifts Focus: From Freedom of Navigation to Control and Transit Fees
Indirect negotiations between the United States and Iran are showing signs of reaching an impasse as the core dispute over the Strait of Hormuz gradually shifts from ensuring freedom of navigation to determining who will control and levy transit fees on maritime traffic.
USD 1.4 Billion Deal: CMA CGM Acquires FedEx Supply Chain to Accelerate North American Expansion
CMA CGM has reached an agreement to acquire FedEx Supply Chain for US$1.4 billion, significantly expanding CEVA Logistics' contract logistics operations across North America while advancing the Group's strategy to build an integrated end-to-end logistics services network.
Expanding Its Presence in the Mediterranean: COSCO SHIPPING Ports-Led Consortium Wins Tarragona Multipurpose Terminal Project
A consortium led by COSCO SHIPPING Ports has been awarded the EUR 144.6 million multipurpose terminal project at the Port of Tarragona, Spain, marking another milestone in the group's strategy to expand its presence across the Mediterranean region.
MSC Invests USD 1.4 Billion to Acquire a 49% Stake in Adani's Vizhinjam Transshipment Port
Mediterranean Shipping Company (MSC) has agreed to invest USD 1.4 billion to acquire a 49% stake in Adani Ports' Vizhinjam Transshipment Port through its port-operating arm, Terminal Investment Limited (TiL). The transaction represents the largest foreign private investment ever made in India's port infrastructure sector.
Maersk Raises Intermodal Fuel Surcharges in Australia and New Zealand
In response to rising fuel costs driven by volatility in the global energy market, Maersk has announced an increase in its Intermodal Fuel Surcharges (EFS/IFS) for Australia and New Zealand, effective 1 July 2026.
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