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.
USA and Europe fall into "recession COVID-19"
The U.S. and global economies are in recession, with forecasts being revised as the Corona 2019 virus (COVID-19) spreads around the World, ending the last 10 years of US economic expansion
DHL Global Forwarding declared force majeure due to the impact of COVID-19
DHL Global Forwarding has cited force majeure for all air and sea transport contracts due to unforeseen effects of the global outbreak of the Corona virus (COVID-19)
APL removes port congestion surcharge (PCS) for refrigerated goods exported to Shanghai and Ningbo
APL Shipping announced that the use of cold plugs has improved at the ports of Shanghai and Ningbo
CMA CGM: Notice to update freight rates from Asia to the Red Sea
In order to maintain the quality of the REX service, shipping company CMA CGM notifies its customers about the Rate Restoration Program in March 2020
APL Shipping Lines updates SC3 service on its Trans-pacific service
As part of APL's ongoing efforts to improve operational efficiency and optimize service delivery, APL announces the revised itinerary for South China Loop 3 (SC3) service.
Over 65% Vietnam logistics firms expect low revenue in 2020 on Covid-19
It is estimated that 20-30% of the volume and revenue of Vietnamese shipping lines are generated from the Chinese market.
Container lines abolish extra charges for reefer cargo at Chinese ports
Container lines are canceling surcharges on reefer containers shipped to Chinese ports because congestion caused by Corona virus (COVID-19) has subsided.
Ocean Alliance launches "Day Four Product" service group
Ocean Alliance has announced the commencement of its "Day Four Product" service group. The new service group will provide 19 trans-Pacific services, 2 transatlantic services, 7 Asia - North Europe services, 4 Asia - Mediterranean services, 4 Asia - Middle East services and 2 Asia - Red Sea services.
China currently owns the largest container fleet
The chairman of the German Shipowners Association (VDR) - Alfred Hartmann - said that China had surpassed Germany and became the country with the largest container fleet.
China's major container ports saw a 9.1% increase in volume last week
Chinese ports are returning to normal after the outbreak of the Corona virus (COVID-19) and last week saw a 9.1% jump in container volumes, however, the number of large shipments reduction.
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