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.
Signing of a MoU for the acquisition of 30% of Groupe DUBREUIL Aéro by the CMA CGM Group
signature of a Memorandum of Understanding for the acquisition of 30% of Groupe DUBREUIL Aéro by the CMA CGM Group.
All alliances reinstate transpacific capacity
All three east-west alliances have now committed to reinstate blanked sailings in October on the booming transpacific tradelane.
More Port of Felixstowe congestion riles freight forwarders
An increase in container volumes in the rush to beat China’s Golden Week holidays and technical issues with the Port of Felixstowe’s vehicle Booking System (VBS) has resulted severe congestion at the port according to freight forwarders’ association BIFA.
Congestion at North American terminals as Covid takes its toll
Carriers are reporting a number of pinch-points at US and Canadian ports as container volumes have increased to in excess of pre-pandemic levels while inland infrastructure has suffered due to a lack of staff and terminal congestion.
Box rates still on the way up after regulatory warnings
Both the Pacific and Asia to Europe rates have shown increases this week even after regulatory authorities in China, the US, Europe and South Korea have moved to monitor rates in both trades.
The Federal Maritime Commission (FMC) investigates the rates of shipping lines
Following efforts by China's Ministry of Transport last week to limit spot freight rates, the US government has threatened to bring carriers to court if they find evidence of collusion in the profitable response of the container shipping industry to the global epidemic.
The Chinese authorities asked trans-Pacific carriers to increase capacity
Chinese authorities have suggested to major container lines that they inject more capacity and less aggressively raise rates in the trans-Pacific trade as spot rates hit highs, adding an entirely new element to an already volatile market, carriers and forwarders tell JOC.com
ONE opens a new JCV service connecting directly from Japan / China to Vietnam
Shipping company ONE (Ocean Network Express) has decided to launch a new service connecting Japan and China to Ho Chi Minh City, Vietnam, following the growing trend of connecting Southeast Asian goods with mainline operators.
South Korean authorities add their voice to Pacific rate concerns
The Korea International Trade Association (KITA) is reportedly concerned with peak Transpacific freight rates, which have reached levels not seen since 2009.
Records tumble for box spot rates across the world
The remarkable bull-run seen in container spot rates is creating records across the seven seas, and spooking regulators.
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