DHL Global Forwarding says ocean container freight rates are “moving towards manageable levels”.

Swire Shipping, a specialist in Pacific Islands shipping, has opened a new branch office in Tonga.

Deepsea cargo vessels ‘at port’ so far this month represent 30.6% of capacity, according to port congestion indices compiled by Clarkson Research.

The Port of Hamburg is set to use feeder ships for transhipments in a bid to reduce road congestion and cut carbon emissions.

Carriers continue their attempts at managing service capacity to support freight rates as volumes fall and congestion eases.

Maersk has chosen ABS to class its latest order of six methanol-fuelled container ships due to be constructed at HHI.

NYK car carrier Orion Leader was one of the vessels involved in rescuing seafarers from a containership on fire in the Red Sea on 6 October.

Container freight rates are expected to hit a trough in mid-2023 forecasts HSBC Global Research as spot rates fall at 7.5% a week.

Carriers are offering better terms on the long-term market as the spread between spot rates and contact rates hits fresh highs on some trades.

Mediterranean Shipping Co. (MSC) boss Soren Toft has warned of some difficult times ahead for the container shipping sector.