MSC increases December 2026 FAK rates on Far East–Mediterranean and Black Sea trades
13-11-2026
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.
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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.
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Hapag-Lloyd Imposes US$400/TEU PSS on Cargo from Asia and Oceania to Tema
05-11-2026
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.
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Kuehne+Nagel Port Operations Update: Vessel Waiting Times in Ningbo and Shanghai Exceed Two Days
04-11-2026
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%.
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BIMCO Releases Contract Addendum Establishing Framework for Sharing Costs and Benefits of Fuel-Saving Retrofits
03-11-2026
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 Unprecedented Plight of Seafarers in the Hormuz Crisis
21-04-2026
Beyond the economic toll, the crisis at the Strait of Hormuz is pushing thousands of seafarers into a state of 'de facto captivity,' facing depleted essential supplies and psychological exhaustion, setting a dark precedent for the maritime industry.
Directly Connect with 500+ Verified Suppliers from Vietnam and Asia at Global Sourcing Fair Vietnam 2026
21-04-2026
Global Sourcing Fair Vietnam 2026 serves as a golden opportunity for Vietnamese enterprises to gain direct access to over 12,000 international buyers and achieve breakthroughs in the export market.
Hormuz Crisis Reaches Boiling Point: US Navy Opens Fire to Intercept Vessel, Iran Establishes Toll Corridor
20-04-2026
The Strait of Hormuz crisis has escalated severely following an incident where the US Navy opened fire to intercept an Iranian container ship, while Tehran unilaterally established a "toll corridor" in defiance of international sanctions.
Phaata Joins Global Sourcing Fair Vietnam 2026 as a Supporting Partner
20-04-2026
Phaata is officially a Supporting Partner at Global Sourcing Fair Vietnam 2026—Vietnam's premier international sourcing exhibition. The event takes place from April 22–24, 2026, at the SECC in Ho Chi Minh City.
International Shipping and Logistics Market Update Week 16/2026 | Phaata
20-04-2026
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 16 (from Apr 13 - Apr 19), 2026.
WorldACD: Air Freight Rates Skyrocket Despite Global Volume Decline
20-04-2026
The latest report from WorldACD reveals that global air freight rates have surged by 37% year-over-year, defying a drop in volume due to holidays and ongoing efforts to restore belly capacity in the Gulf region.
Logistics Layoffs Surpass 800 Mark Amid Warehousing and Transport Contract Volatility
19-04-2026
Pressure from tightening and severed contracts in the US dedicated transport and warehousing sectors has led to over 800 layoffs in just the past three weeks, exposing persistent supply chain volatility.
Uncertainty at the Strait of Hormuz: Fleets of Commercial Vessels Make Sudden U-Turns
18-04-2026
Despite announcements declaring the maritime corridor open, numerous oil tankers and container ships are being forced to turn back or hold position just outside the Strait of Hormuz due to security risks and blockade warnings from Iran.
Strait of Hormuz Officially Reopens: Hope for Over 900 Stranded Vessels
18-04-2026
Iran and the US have simultaneously announced the reopening of the Strait of Hormuz following a ceasefire; however, the US naval blockade against Iran remains strictly enforced.
Iran's Floating Storage Oil Export Strategy and Washington's Response
17-04-2026
Despite a US naval blockade, Iran has successfully exported 9 million barrels of oil from floating storage vessels, while Washington threatens to drop a "financial bomb" to choke off Tehran's revenue streams.
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Do you ever wonder what a package goes through at Toan Phat warehouse?
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