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According to Container xChange’s Demurrage & Detention Benchmark 2022 report, US ports are the world’s most expensive ports in terms of demurrage and detention charges levied by container lines on customers. World’s most expensive ports Container xChange is a platform based in Germany. It helps to lease, buy, and sell containers. The company released a …
The Ever Alot ultra large container vessel is the largest container ship in the world to date. The subsidiary of China State Shipbuilding Corporation (CSSC), Hudong-Zhonghua Shipbuilding, was responsible for designing and assembling the containership. The ship’s capacity is over 24,000 TEU, the first container ship to surpass the mark. Biggest containerships in the world …
Maersk is one of the largest shipowners in the world. It has been investing in land transport for years and has recently expanded its air freight services. Maersk Air Cargo is set to triple its capacity over the next few years, expanding its global network of connections. How can one of the main shipowners become …
Ever Forward, a ship of Taiwan shipowner Evergreen, ran aground in the Chesapeake Bay on March 13. The container ship Ever Forward was refloated after a few weeks when the conditions were most favorable, with the help of a full moon and a high spring tide. Ever Forward refloated The Ever Forward container ship, over …
More than 10 million tons of plastic waste end up in our oceans every year. CMA CGM, one of the largest shipping companies, has announced that it will not accept plastic scrap anymore. What is other shipowners’ position on transporting plastic waste? Transporting plastic waste CMA CGM has joined large sea carriers who have decided …
On March 28, lockdown measures on one side of Shanghai, Pudong, came into effect. On April 1, the other side of Shanghai, Puxi, entered lockdown. It is estimated that the measures will impact China’s GDP 2022 growth by 0.15 percent. To prevent the slowdown, the authorities announced new stimulus policies. Shanghai is not only the …
The recent armed conflict in Ukraine endangers the safety and life of many people, and its effects are felt outside the occupied territory. Without a doubt, the invasion has an impact on the New Silk Road rail freight. The war in Ukraine and rail freight – do freight trains run despite the circumstances? China-EU rail …
Lifting restrictions related to Covid-19 is the overall global trend – China is an exception. The recent Shanghai lockdown has affected not only ship delays in China; this temporary measure may impact the global economy. Chinese approach to virus Amid the pandemic, China introduced a “zero-Covid” policy. In practice, even a single detected positive case …
Ever Given From Tuesday, the 23rd of March, the mega-container ship Ever Given (owned by Evergreen) has been blocking the ship traffic in the Suez Canal near Suez in Egypt. The ship was sailing from the Port of Tanjung Pelepas in Malaysia to Rotterdam in the Netherlands. According to a shipping agent GAC, it ran …
The “new normal” has also impacted transportation. At the end of 2020, freight rates skyrocketed, which has never happened before to such an extent. What caused the unprecedented increase in freight rates? Reasons for the increase in freight rates: how has it changed? Previously, the cost of shipping a 40-foot-long container by rail from China …