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.
ZIM introduces AI-based software to detect false goods
As explained, the new ZIMGuard system scans the shipper's cargo declarations at an early stage and marks cases where goods may be misreported.
Vinalines changed its name to VIMC
On the morning of August 13, Vinalines held the first shareholder meeting to switch to joint stock company model with new brand VIMC.
Spending trillion on acquiring logistics segment of Gelex, ITL Corp has just received a loan of USD 70 million from IFC
Last year, Symphony Logistics PTE LTD spent USD 42.6 million buying a 25.12% stake in ITL from the Singapore Post.
The Beirut container port was back to operation after the explosion
Nine days after one of the worst events in container shipping history, the Port of Beirut reopened after what has been called minor damage to the container port.
CU Lines joins the Korea-Vietnam shipping service
China United Line (CU Lines), the first time to launch a shipping service between Korea and Southeast Asia after purchasing seats on the Hai Phong Express (HPX) service, operated by Korean carriers HMM and CK Line.
ECLAC forecasts trade in Latin America to drop 23% by 2020
Latin America and the Caribbean are considered to be the hardest hit regions due to the economic impact of the global pandemic, according to the latest data released by the Economic Commission for Latin America and the Caribbean (ECLAC).
Vietnam’s major terminal operator orders Kalmar equipment
Cargotec-owned manufacturing company, Kalmar and Vietnam’s largest container terminal operator, Saigon Newport Corporation (SNP) have inked an agreement for 25 units of the Kalmar Essential Terminal Tractor TL2.
RCL and Gold Star Lines launching a new service between Vietnam to Singapore and Malaysia
Regional Container Lines (RCL) and Gold Star Lines are launching a new service connecting Ho Chi Minh, Singapore and Port Klang.
Export turnover of wood and wood products of Vietnam reached over USD 6 billion in the first 7 months of the year
Accumulated from the beginning of the year to the end of July 2020, exports of wood and wood products are estimated at USD 6.09 billion, up 6.2% over the same period in 2019.
Container shipping lines diverted from Beirut after the port explosion
Container shipping lines are diverting from Beirut to Tripoli and other ports in the Mediterranean region after a massive port explosion in Lebanon destroyed most of the infrastructure there.
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