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The global ranking of the top ten container ports has welcomed a new contender. In 2024, Port Klang achieved a record-breaking throughput of 14.64 million TEUs (twenty-foot equivalent units), marking a 4.1% year-on-year increase. This milestone positions the Malaysian port to potentially enter the g

The container shipping market has recently seen a wave of collective rate hikes by liner companies for March. Major carriers, including Maersk, MSC, CMA CGM, Hapag-Lloyd, and Wan Hai, have announced adjustments to freight rates on routes covering Europe, North America, Africa, the Middle East, South Asia, and intra-Asia. Maersk raised Europe-bound rates to 2,600/TEU and 4,000/FEU, while Hapag-Lloyd increased rates on multiple routes. MSC and Wan Hai also issued rate hike notices. These adjustments have driven a strong performance in the Europe Container Index (EC) futures market, but significant resistance is expected due to declining cargo volumes on major routes and uncertainties in the Middle East. The launch of the ¡°Gemini¡± alliance between Maersk and Hapag-Lloyd has reduced market concentration, potentially intensifying competition. Global container shipping supply is projected to grow by 5.4%, exceeding annual demand growth of 2%¨C3%, further pressuring rates.

Recently, shipping companies have begun to announce a new round of freight rate adjustment plans for January 2025. Maersk, CMA, HMM and other shipping companies have successively adjusted the rates of some routes, involving the Mediterranean, the Philippines, Africa, the Middle East, the US line, et

Russia is home to several major ports that play a crucial role in the country's economy and international trade. These ports are strategically located along the country's vast coastline, providing access to the Arctic Ocean, the Baltic Sea, the Black Sea, and the Pacific Ocean. Here are some of the

Numerous maritime trade routes are used by the shipping industry to transport goods globally. Some routes are more important due to their location near strategic water bodies, ports, or natural harbors with easy access to the open ocean or seas. Here are the ten major maritime trade routes:1. **Tran

The new route will have its first voyage from Shanghai on November 16, with port calls in the following order: Shanghai - Ningbo - Laem Chabang - Haiphong - Yangpu - Shanghai.According to the introduction, highlights of the CT8 route include:- Increased capacity: Enhanced capacity from Central China

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PIL shipping serive cover Capetown,Durban port from Kaoshiung

PIL Shipping Company, as a world-renowned shipping company, has been committed to providing customers with high-quality shipping services since its establishment in 1966. With its excellent service quality, extensive business scope and sound business strategy, PIL Shipping Company has established a