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.
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Hapag-Lloyd Triggers Emergency Contingency Plan in the Gulf: Demands Cargo Retrieval and Prepares for 'End of Voyage' Declarations
06-03-2026
Amid the increasingly unstable security situation in the Gulf, Hapag-Lloyd has announced its emergency contingency procedures. The carrier requires shippers to retrieve gated-in containers, permits Change of Destination for cargo currently en route, and warns of invoking the 'End of Voyage' clause along with a raft of additional surcharges.
Carriers Impose $4,000/FEU Surcharge in the Middle East: Indian Exporters Appeal to Government for Help
06-03-2026
Escalating geopolitical tensions in the Middle East are dealing a heavy blow to Indian exporters. Not only are shippers facing booking suspensions from carriers, but they are also being burdened with massive emergency contingency surcharges, coupled with cargo being withheld at ports.
The Cape of Good Hope Route: Becoming the 'New Normal' for Global Shipping?
06-03-2026
Tensions in the Middle East are reshaping the global shipping map. The route around the Cape of Good Hope is gradually cementing its status as the 'new normal,' despite bringing significant challenges related to safety and supply chain costs.
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Middle East Crisis: MSC Declares Emergency "End of Voyage" for Gulf-Bound Cargo, Imposes $800 Surcharge
05-03-2026
The world's largest shipping line, MSC, has officially invoked the "End of Voyage" clause for all cargo destined for the Gulf region due to escalating hostilities. This move comes with a mandatory $800 per container surcharge and shifts the burden of finding alternative transport and bearing storage fees onto the shippers.
Iran Crisis Triggers Energy Shock: Global Oil and Gas Prices Soar, Maritime Transport Paralyzed
04-03-2026
Global oil and gas prices surged as the US-Israel and Iran conflict severely disrupted maritime operations. The de facto freeze of the Strait of Hormuz has left hundreds of vessels stranded, pushed freight rates to record highs, and triggered a chain of production disruptions stretching from Qatar to Iraq.
Hormuz Crisis: 10% of Global Container Fleet Stranded, Risking Severe Supply Chain Disruption
04-03-2026
Speaking at the TPM26 conference, ONE CEO Jeremy Nixon warned that approximately 10% of the world's container fleet is stuck at the Strait of Hormuz. With marine insurance frozen and major carriers halting bookings to the Middle East, the entire global logistics network faces the threat of severe stagnation.
International Shipping and Logistics Market Update Week 9/2026 | Phaata
03-03-2026
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 9 (from February 23 - Mar 1), 2026.
Iran Closes Hormuz: Transport and Oil Crises Erupt
03-03-2026
Geopolitical tensions in the Middle East have reached a boiling point as Iran officially closes the Strait of Hormuz and threatens to attack any commercial vessel. This move directly threatens 20% of the global oil supply and plunges the shipping industry into a new crisis.
Dual Tensions at Hormuz and the Red Sea: Carriers Simultaneously Pull Back, Triggering War Risk Surcharges
03-03-2026
The escalating conflict in the Middle East has forced the world's top container shipping lines to urgently suspend transits through the Strait of Hormuz and the Red Sea. Amid severe disruptions at major seaports and heightened security risks, the global supply chain is facing a new wave of freight rate hikes as the Cape of Good Hope routing scenario makes a comeback.
Red Alert at the Strait of Hormuz: Vessels Attacked, Shipping Giants Suspend Routes Amid US-Iran Conflict
02-03-2026
Exploding tensions in the Middle East following US and Israeli airstrikes on Iran have pushed the Strait of Hormuz into a de facto "freeze." A series of oil tankers have been attacked, while shipping giants like Hapag-Lloyd, CMA CGM, and MSC urgently reroute via the Cape of Good Hope to safeguard their fleets.
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78
6
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