Container spot freight rates still falling
Drewry report: freight rates in the spot market fell by an average of 1% on the previous week
FMC honing in on liner D&D charges
All eyes on detention and demurrage practices. Over $1 million dollars in refunds for unjustified fees
Wan Hai in the red in 1st quarter
The Taiwanese carrier closed its January-March period with a $68.4 million net loss. Revenues -68.3%
Egyptian delegation visits Livorno
Port Authority MD, Matteo Paroli, welcomed Egyptian Customs Authority Commissioner Mr. Ghatoury
Boxships cutting their sailing speed
-5% compared to last year. Slow steaming has removed up to 6% of the world fleet from the market
Evergreen scraps one of its boxships
Three years after its last sale, the Taiwanese company has sold the Ever Diadem to Indian shipyards
Multipurpose shipping rates down
The Drewry Multipurpose Time Charter Index shows rates fell by 1% in April and forecasts a 0.9% drop in May
CMA,Bolloré Logistics deal going ahead
The French company confirms its commitment to purchase Bolloré's logistics subsidiary for 5bn euros
Boxships getting slower and slower
According to BIMCO their average speed decreased by 4% in the 1st quarter and could be 10% slower by 2025