Tag: Shipping

Following up on last week’s efforts by the Chinese Ministry of Transport to curb runaway spot rates, United States authorities have threatened to take carriers to court if they discover evidence … Read More

Maersk has reportedly reduced its planned mid-September transpacific GRIs, thought to be due to China’s move to step in to reduce freight rates on the trade. Last week, Zest Shipping Media reported that Chinese authorities … Read More

The Korea International Trade Association (KITA) has submitted a proposal to the Ministry of Trade, Industry and Energy and the Ministry of Oceans and Fisheries, urging them to take measures … Read More

Runaway freight rates in the second and third quarters have had analysts scrambling to re-write doomsayer forecasts published as recently as June to predict what promises to become the industry’s … Read More

Liner shipping companies have had a bumper year with profits in 2020 expected to exceed any year in the histroy of container shipping. All during a pandemic that is expected … Read More

Industry associations and regulators have criticised the European Union following Wednesday’s (16 September) vote in the European Parliament to include shipping in the EU Emissions Trading System (ETS). Concerns from the … Read More

Hapag-Lloyd has announced price increases for demurrage on exports from Ukrainian ports, which can be seen here, and a general rate increase (GRI) on cargo out of Indian ports. The GRI … Read More

The Korea International Trade Association (KITA) has submitted a proposal to the Ministry of Trade, Industry and Energy and the Ministry of Oceans and Fisheries, urging them to take measures … Read More

The persistent worry that world economies are not recovering from the coronavirus lockdowns robustly enough to absorb a new increase in oil production is still the downward driver on the … Read More