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Container spot rates surge across major trades

The Shanghai Containerized Freight Index (SCFI) rose 9.3% on Friday compared to the previous week, climbing 214.97 points to 2,520.76.…
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Carriers seek alternatives due to Colombo Port’s capacity crunch

Terminal capacity pressure is mounting at Colombo port in Sri Lanka, leading to a spill-over effect on other ports in…
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Customs introduces a tool to reduce delays in goods clearance and lower compliance costs for traders

Comptroller-General of Customs (CGC), Mr. Bashir Adeniyi, launched the Advance Ruling trading tool to cut compliance costs and create a…
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New trade routes highlight growing Asia-Mexico trade

A new sea route targeting Asia-to-Mexico trade from Cosco Shipping Lines began operating recently. Alongside Cosco, Mediterranean Shipping Co. and…
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The Port of Salalah offers an alternative to the Red Sea route

The Port of Salalah in Oman has introduced multi-modal service options to address the ongoing Red Sea blockade, offering a…
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NYK to build a wood pellet-powered ship

Japanese shipping company NYK is developing a wood pellet-powered ship in a bid to reduce carbon emissions. The vessel, which…
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