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Follow the latest news covering Panama's maritime & shipping sectors.

Highlights

Cosco Shipping Lines launching two transpacific services

Oct 15, 2021

Cosco Shipping Lines, the container shipping unit of Cosco Shipping, is launching new transpacific express services from China to Prince...

China – US container spot rates plunge, but could be short-lived

Oct 07, 2021

Spot container freight rates between China and the US have plunged as the Chinese Golden Week combined with...

Container spot rates fall marginally, long-term keep climbing

Oct 01, 2021

The last week has seen a marginal decrease in spot container freight rates, however, long-term rates are up more...

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Container line schedule reliability hits new low of 33.6%

Sep 28, 2021

Container line schedule reliability hit an all-time-low in August according to analysts Sea-Intelligence.

Container freight rates stabalise after 22 weeks of increases

Sep 24, 2021

Container freight rates have stabilised after 22 consecutive weeks of rises based on Drewry’s World Container Index (WCI).

Record 56 containerships queued at LA/Long Beach ports

Sep 14, 2021

There are now nearly twice as many containerships waiting to get into the Ports of Los Angeles and Long Beach (LA/LB) as there are berthed for cargo operations.

CMA CGM suspends all spot container freight rate increases

Sep 10, 2021

As container freight rates continue to climb to stratospheric levels CMA CGM has made the decision to suspend all spot rate increases until 1 February 2022.

Container lines rack up ‘amazing’ $28.6bn profit in Q2

Sep 06, 2021

Container lines racked up a staggering $28.6bn in profits in the second quarter of the year a 13-fold improvement on a year...

Non-alliance container services grow on Asia – US West Coast

Aug 25, 2021

A growth in transpacific services offered by container lines outside of alliances has been highlighted by analysts Sea...

Growing delays on container trades from China threaten global supply chains

Aug 11, 2021

As China battles Covid outbreaks in major manufacturing hubs growing delays across major trade lanes that connect the country...

Long-term container contract rates jump a record 28.1% in July

Aug 05, 2021

Last month saw a 28.1% rise in long-term contracted container shipping rates, the largest ever monthly increase according to Xeneta.

Container freight rates continue to soar

Jul 30, 2021

The rise container freight rates continues unabated as the sector continues to battle a capacity crunch, port congestion and supply chain disruption.

Biden administration targets lines over detention and demurrage

Jul 12, 2021

Shipping is again in the cross-hairs - this time the liner business has attracted the attention of the Biden administration, in response to complaints from importers and cargo interests regarding detention and demurrage charges.

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