Container spot freight rates registered a marginal increase at the start of the year, but now sit below the 10-year average according to Drewry.

Hapag-Lloyd’s Manzanillo Express arrived in Hong Kong port from Valparaiso, in Chile with a record number of 1,222 reefer containers onboard, which were discharged in Hong Kong.

China Shipowners’ Association (CSA) officially joins The International Chamber of Shipping (ICS) from the beginning of 2023.

Taiwanese container line Evergreen Marine has given employees bonuses of up to four years annual pay, according to local press reports.

Baker Hughes has secured a contract to supply carbon dioxide (CO2) compression equipment to Petronas Carigali’s offshore carbon capture and sequestration (CCS) project in Sarawak, Malaysia, said to be one of the world’s largest projects of its type.

Anhui Provincial Port and Shipping Group sets up ro-ro transportation company with Chinese car makers Chery and JAC.

Ocean Network Express (ONE) is acquiring majority stakes in three US West Coast container terminals from two of its parent companies – Mitsui OSK Lines (MOL) and NYK.

Wishing all our readers happy holidays and a joyous festive season.

Container volume at eight major Chinese ports increased 2% year-on-year in late November buoyed by domestic cargo.

CNC Line is launching new service connecting Myanmar with Cambodia early in the new year.