CMA CGM, the French carrier, has announced new Freight All Kinds (FAK) rates effective from 15 May 2024 (loading date) until further notice as follows: 20'GP 40'GP/40'HC/40'REEFER Asia to North Europe US$2,700 US$5,000   Base port-to-base port rates are established, with out-ports subject to standard TAO/TAD guidelines. Originating from all Asian ports (including Japan, Southeast Asia, and Bangladesh) to all North European ports (including the UK and the entire range from Portugal to Finland/Estonia). Cargo covered by these FAK rates includes Dry, OOG (Out of Gauge), Paying ..read more

OOCL has introduced a new service, Transpacific Latin Pacific 5 (TLP5), in its Asia–Latin America network to enhance port coverage in the regions. In addition to OOCL’s existing loops TLP1 / 2 / 3, the new service will provide direct connections between China, Korea, and Mexico, boasting competitive transit times of 15 and 20 days from Qingdao to Ensenada and Manzanillo, respectively. Port rotation for TLP5: Pusan (South Korea) - Dalian (China) - Ningbo (China) - Shanghai (China) - Qingdao (China) - Ensenada (Mexico) - Manzanillo (Mexico) - Ensenada (Mexico) - Yokohama (Japan) - Pusan (South ..read more

DP World and Asian Terminals Inc. (ATI) have jointly inaugurated the Tanza Barge Terminal in Cavite in the Philippines, enhancing the efficiency of goods and raw materials transportation to and from the capital via sea barging. Situated within the newly designated MetroCas Industrial Estates Special Economic Zone, the Tanza Barge Terminal is designed to handle nearly 240,000 TEUs annually and will be overseen by ATI's subsidiary, Tanza Container Terminal Incorporated. Amid persistent road congestion challenges, the Tanza Barge Terminal presents cargo owners with a more streamlined and sustain ..read more

MSC announced its partnership with the Global Shipping Business Network (GSBN), a neutral, non-profit consortium dedicated to promoting paperless, accessible, and sustainable growth in global trade through its robust data infrastructure and network of partners. This collaboration aims to bolster safety standards in the transportation of lithium battery shipments. The increasing presence of lithium-ion batteries being transported on container ships, coupled with the growing issue of misdeclarations, poses a significant challenge to the shipping industry due to the inherent fire risk. In r ..read more

A new digital release process for containers arriving at German seaports, called "Secure Release Order," is set to be implemented. Developed by DAKOSY, a leading software company for logistics and dbh, a leading IT company for software, this system aims to gradually replace the existing PIN code-based process. The introductory phase is planned to roll out in the second half of this year. Through the extensive digitization of the release process, the two logistics software providers aim to enhance the security of pick-ups at German seaports. Simultaneously, they seek to implement effective mea ..read more

During the first quarter of 2024, the Port of Algeciras experienced a 3.30% increase in cargo throughput, reaching 26.6 million tonnes. This growth was primarily driven by a surge in Liquid Bulks, with 7.5 million tonnes of crude unloaded and refined fuels loaded at the port, marking a 14% increase. Additionally, Container Throughput contributed to the cargo volume, with 1.17 million TEUs handled at the two terminals, reflecting a 4.6% rise. Despite this growth, these figures still fall 10% short of the best first-quarter performance at the Port of Algeciras. Across both terminals, 900 contai ..read more

During the 17th week of the year, the global Marine Bunker Exchange (MABUX) indices saw a slight downturn. The 380 HSFO index dropped by US$3.01 to US$550.73/MT. Similarly, the VLSFO index experienced a decrease of US$5.85 reaching US$688.77/MT, consistently remaining below the US$700 threshold. Additionally, the MGO index also declined by US$16.81 to US$876.93/MT. "At the time of writing, the global bunker indices showed signs of modest growth," stated a MABUX official. The MABUX Global Scrubber Spread (SS) - representing the price gap between 380 HSFO and VLSFO - continued its gradual ..read more

In an ongoing commitment to enhance service reliability and efficiency, CMA CGM has announced the implementation of two Peak Season Surcharges (PSS). The first PSS will take effect from 29 April 2024 (loading date) until further notice. It applies to shipments originating from China to the West Africa Central Range, encompassing destinations such as Nigeria, Côte d'Ivoire, Benin, Ghana, Togo, and Equatorial Guinea. This surcharge applies to dry cargo and amounts to US$900 per TEU. Additionally, the French carrier has introduced a surcharge from North & Central China to the West Africa Sou ..read more

DP World and Malaysia's Sabah Ports have forged a partnership aimed at enhancing the management of Sapangar Bay Container Port (SBCP), solidifying its stature as the primary regional trade hub within the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA). Sabah Ports, a wholly owned subsidiary of Suria Capital Holdings, a Malaysian publicly listed investment holding company, is part of this collaboration. The agreement was sealed by Sultan Ahmed bin Sulayem, group chairman and CEO of DP World, and Datuk Ng Kiat Min, managing director for Sabah Ports, which mar ..read more

Swiss/Italian box carrier MSC has extended its UK west coast - East Mediterranean service to the port of Greenock in Scotland. The service connecting Turkey with the UK West Coast and the Mediterranean will have the following rotation: Liverpool (UK) – Greenock (Scotland) – Liverpool (UK) – Portbury (UK) - Le Havre (France) – Izmir (Turkey) – Gemlik (Turkey) – Gebze (Turkey) – Tekirdag (Turkey) – Nemrut Bay (Turkey) – Valencia (Spain) – Sines (Portugal) - Le Havre (France) - Liverpool (UK) The inclusion of Greenock in the port rotation underscores the port's offerings, further bolstered by Pe ..read more