Transpacific Sees First Major MSC Blanks as Rates Fall and Volumes Falter
Following nine weeks of consecutive declines in spot freight rates on the transpacific, carriers are finally beginning to pull capacity from the trade.
U.S. Chinese Ship Penalties Would Hit Transatlantic Trade Hardest: Soren Toft
The transatlantic container trade could be the most severely impacted if the U.S. goes ahead with the proposed imposition of fees on Chinese-built ships, MSC CEO Soren Toft said this week.
MSC ‘to Offer Feeder Vessel’ to Get Stranded Canadian Cargo to Its Destination
MSC appears to have decided against leaving Montreal-destined shipments at the Port of Halifax, and is said to be set to provide a feeder service to ferry them on to the Quebec port, which had been hit by one of a spate of strikes across Canada.
Carriers Announce Disruption Surcharges for USEC Cargo as Strike Looms
As the possibility of strike action at ports on the U.S. east and Gulf coasts draws nearer by the day, container shipping lines serving the region have begun to announce disruption surcharges.
Carriers Launch Transpac Shuttle Services as Chinese Exports Surge
Container lines on Asia-America trades are set to take advantage of strong demand propelled by a rush of cargo out of China.
Houthis Continue Targeting MSC Vessels, Claiming Four New Attacks
The Houthi militants continue the targeting of MSC Mediterranean Shipping Company vessels, with the repeated assertion that they are “Israeli ships.” MSC vessels have been among the most frequently targeted ships by the militants and, in a new statement from their spokesperson Yahya Saree, they are claiming to have fired on three ships a total […]
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.
Carriers Under Fire as Call Comes for Clearer Rules on Invoicing D&D Charges
An investigation into allegations that MSC wrongly billed D&D charges has raised claims that the carrier may not be alone in such practices.
Carriers Fight Back Against Sub-Economic Rates with FAK Hikes
Ocean carriers are planning a wave of sizeable FAK rate hikes across the major east-west tradelanes next month, in an attempt to swivel voyage results back into the black.
