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Container shipping prices continue to fall, with major shipping lines canceling voyages

The container shipping rates continued to drop in October due to reducing demand. The SCFI (Shanghai Containerized Freight Index) has continuously declined for 17 consecutive…
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China’s top shipping companies come together to map out a green future

The Chinese maritime biggest names are joining together to chalk out a greener path. The SSIDI (Sustainable Shipping Innovation and Development Initiative) is launched in…
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Ningbo-Zhoushan port opens multiple yards after the covid outbreak

China’s Ningbo-Zhoushan has started opening new yards and warehouses after a recent Covid outbreak hit the Beilun district earlier this month. To manage the container…
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Customs brings rules on the fast lane for Intra-Asean cargo

The guidelines and procedure for the exchange of the ASEAN Customs Declaration Document (ACDD) have been issued by the Bureau of Customs as part of…
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US FMC recommends new demurrage and detention billing requests

The US FMC (Federal Maritime Commission) is recommending a new rule that will bring more clarity, and structure to the detention and demurrage billing practices…
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HSBC reports: Container transport to hit bottom in mid-2023

The sharp decline in container shipping’s fortunes at the start of September was flagged by Parash Jain, Head of Shipping & Ports & Asia Transport…
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