CMA CGM implements congestion surcharge in Algerian ports
CMA CGM has announced a new port congestion surcharge (PCS) of US$150 per TEU at the Algerian ports of Oran, Alger, and Bejaia. This fee will take effect on 15 July and will apply to dry, out-of-gauge, hazardous, reefer, and special cargo. The French carrier is applying the PCS because the operating situation in Oran, […]
Blank sailings hit record low in pandemic era: Sea-Intelligence
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: The number of blank sailings are at their lowest point since the pandemic started, which is good news for shippers, Sea-Intelligence CEO Alan Murphy said in a June 29 press release. When ocean shipping markets […]
Roadblocks on key transport routes in place
Roadblocks have been established along the country’s critical national arteries to arrest the spread of arson attacks against heavy vehicles. Following the torching of nine trucks on the N3 and N4, for reasons that remain unclear, it emerged this morning that two more trucks had been gutted on the N2 outside Empangeni in KwaZulu-Natal – […]
New Hapag-Lloyd’s West Africa Service calling APM Terminals Liberia
APM Terminals has announced the first call of Hapag-Lloyd’s new fortnightly West Africa Service (WA1) to Monrovia, the capital of Liberia. The fortnightly service connects Tanger Med (Morocco), Nouakchott (Mauritania), Freetown (Sierra Leone), Conakry (Guinea), Monrovia (Liberia), and back to Tanger Med. APM Terminals Monrovia is the country’s only container and general cargo facility. Recent dredging […]
Uncertainty at Yellow sparks freight shift to other carriers
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Some shippers have begun diverting freight from Yellow Corp. over concerns about the company’s future, TD Cowen analysts reported in a research note last week. Mired in a fight with the International Brotherhood of Teamsters over a network […]
Lebombo crisis: lack of law enforcement lambasted
The Komatipoort Business Chamber (KBC) has issued a strongly worded statement against “the despicable failure of the State to exercise effective traffic management” of ore-carrying trucks bottlenecking at South Africa’s Lebombo border into Mozambique. According to KBC chairperson, Jan Engelbrecht, the statement was issued after the latest high-level meeting between public and private-sector executives about […]
CMA CGM raises prices from India and Pakistan to Central America East Coast, Caribbean and Mexico
CMA CGM has unveiled another increase in its Freight All Kinds (FAK) rates from India and Pakistan to the East Coast of Central America, the Caribbean and Mexico East Coast. The updated FAK rates will be effective from 4 August 2023 (gate-in date at origin ports) for dry cargo only. The new rates will be […]
KB Home says efforts to trim SKUs lowered building times, costs in Q2
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: KB Home’s efforts to reduce its SKUs by 43% over the past 18 months has helped lower building times and costs, according to an earnings call last month. The home developer opted to retain studio […]
Shipbuilding bonanza as shipping giants prove to be big spenders
Orders for up to 44 newbuilds are under way, signalling a containership building boom. According to Rotterdam’s Offshore Energy, shipping giants Maersk, Evergreen and CMA CGM are the main contenders, with Evergreen emerging as the biggest spender. The Taiwanese shipping major has reportedly ordered 24 vessels of 16 000-TEU capacity and is said to be paying […]
Port of Cork reports strong financial numbers amid slight container growth
Port of Cork Company reported strong financial performance in 2022, during a year when the Irish port opened the new Cork Container Terminal in Ringaskiddy. The company’s turnover increased by 21.5% to approximately US$53 million (€48.41 million) in 2022, and its operating profit grew by 17.7% reaching around US$10 million (€9.16 million). Port of Cork […]
