Spot box shipping rates still rising
Tariffs up 23% on the previous week. According to Drewry the trend could continue due to the Red Sea crisis
ZIM eCommerce Xpress is back
The China-Southern California transpacific service had been suspended in March
ONE’s terminal stakes approved
Go-ahead for acquisition of 20% of Rotterdam World Gateway and 51% of two terminals in Los Angeles
Maersk announces new job cuts
After 6500 redundancies & early retirements in 2023, the shipping company plans to cut a further 3500 jobs
Shanghai-Genoa rates down by 4%
According to Drewry, container spot freight rates on the route have fallen to $1413 per FEU
China tests brand new 50’ boxes
Launched by the China Railway Group, they will be used for domestic rail transport
The Alliance halts transpacific service
The decision taken by the group’s companies responds to the need to offset the drop in demand
Spot rates down 3.4 % this week
The Drewry World Container Index is now 68.8% below the same week last year.+18% on 2019
Bleak July for Los Angeles & Long Beach
Together the two ports’ turnover was - 20% year-on-year at 1.262m TEUs last month