U.S. FMC Building Case for New Container Data-Sharing Rules
The U.S. Federal Maritime Commission is seeking another round of comments from container line operators and their customers as part of its quest to build the case for potential new mandates on container shipment data sharing.
Bottlenecks and Price Hikes as Airlines Now Avoid Iran Airspace
Asia-to-Europe airfreight could face extreme bottlenecks and price hikes due to the rising tension in the Middle East, and sea-air transshipments from Dubai will also be affected.
Panama Canal to Add Back Daily Transits as Rainy Season Approaches
After months of increasing restrictions due to falling water levels in its reservoir, the Panama Canal Authority will continue its gradual restoration of daily transits and add a foot to the maximum draft. The decision was made after an analysis of the water levels, efforts to save water and increase storage, and a slight increase […]
Geopolitical Volatility Keeps Container Leasing Rates Elevated
A year-to-date (YTD) analysis of global container leasing transactions by Container xChange shows a notable uptick in average rates since the beginning of 2024, indicating an uptick in demand for container leasing services and increased financial burden on lessors, pointing to a potentially tighter market.
Port of Montreal: Longshoremen Reject MEA’s Settlement Proposal
The 1,200 longshoremen at the Port of Montreal rejected, by a margin of 99.5 percent, management’s latest offer to renew their collective agreement.
MSC Containership Seized Near Strait of Hormuz
Iranian armed forces have seized a container ship, identified as the Portugal-flagged 15,000-TEU MSC Aries, near the Strait of Hormuz.
Bottlenecks and Price Hikes as Airlines Now Avoid Iran Airspace
Asia-to-Europe airfreight could face extreme bottlenecks and price hikes due to the rising tension in the Middle East, and sea-air transshipments from Dubai will also be affected.
CN Makes New Offer to TCRC
As part of the labour contract bargaining process facilitated by federal conciliators, CN and the Teamsters Canada Rail Conference (TCRC) union met last week.
Hong Kong Becomes First Major Victim of Global Liner Network Redesigns
The world’s most rapidly declining major container port is braced for further huge throughput drops in the coming couple of years.
Trans-Pacific Container Rates Plunge Again
Eastbound trans-Pacific ocean container spot rates plunged again this week as container ship capacity on the trade lane recovers and volumes reset at a lower level than they were pre-Lunar New Year.