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.
Strategic Milestone: COSCO Shipping Bulk Launches Its First Container Route
COSCO Shipping Bulk has officially launched its first scheduled container service, shortening the transit time from the Port of Nansha (Guangzhou) to Libya to just 21 days, while accommodating a diverse range of specialized cargo, including new energy vehicles and lithium batteries.
Air Freight Supply Chain Disruptions Send Gulf Food Prices Soaring
The ongoing disruption of air freight chains in the Middle East is exposing the fragility of the food supply systems in Gulf Cooperation Council (GCC) countries, directly driving up logistics costs and consumer prices.
2025 Global Air Logistics Landscape: The Top 10 Busiest Cargo Airports
The latest report from ACI World on the Top 10 busiest cargo airports in 2025 reveals that Hong Kong and Shanghai maintain their leading positions, while e-commerce creates breakthrough growth for North American hubs.
MSC Sets a Historic Record, Reaching the 1,000-Vessel Milestone
Surpassing all boundaries in the global shipping market, MSC has just set a record by becoming the first ocean carrier to operate 1,000 container ships, simultaneously marking a historic turning point with a generational transfer of power.
Maersk's Latest Move: Steep Hike in Cargo Insurance and Cargo Care Fees at Middle East Ports Amid Escalating Risks
In response to mounting risks in the Middle East, ocean carrier Maersk has officially announced upward adjustments to its Cargo Insurance and Cargo Care tariffs at ports in Saudi Arabia, the UAE, Lebanon, and Israel.
Hormuz Crisis Day 46: Naval Blockade and Backchannel Diplomacy
The crisis at the Strait of Hormuz has entered its 46th day as the US naval blockade targeting Iranian ports officially takes effect. Amid efforts to re-establish diplomatic backchannels, the International Maritime Organization (IMO) has issued warnings regarding legal risks and maritime safety, while analysts express deep concern over a severe decline in the global tanker market.
M&A Deal: DHL Acquires South African Logistics Trio to Expand Its Ecosystem in Africa
South Africa’s Competition Tribunal has approved DHL's acquisition of a trio of domestic logistics enterprises, marking a strategic move to bolster supply chain capabilities following a 6 billion Rand investment.
Evergreen Invests $3 Billion to Expand Megamax Fleet
Evergreen Marine has officially finalized a $3 billion contract to build 11 new dual-fuel Megamax container ships (24,000 TEU) in collaboration with leading shipyards in South Korea and China.
Middle East Airspace Crisis Drags Gulf Airlines' Capacity Share Down to 4%
The Middle East airspace closure crisis has caused Gulf airlines' capacity share to plummet from 12% to 4%, triggering escalating freight rates and global air cargo congestion.
OOCL Q1 2026 Report: Revenue Records a 7.6% Decline
OOCL's Q1 2026 report reveals a market paradox: TEU lifting volumes increased, yet total revenue fell by 7.6% driven by the downward trajectory of freight rates.
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