Hamburg Süd has christened two container ships, the Cap San Nicholas and the Cap San Marco, at the Hyundai Heavy Industries yard in Ulsan, South Korea.
Nearly everyone knows the United States imports a lot from China (and if you don’t, you’re probably not a regular reader of The Journal of Commerce), but American companies are increasingly exporting more to the Asian manufacturing juggernaut, too.
The Shanghai Containerized Freight Index extended its decline in European lanes, despite recent general rate increases set for May 15 and future increases scheduled for early June and July.
Shanghai Containerized Freight Index spot rates for U.S.-bound trade lanes experienced moderate increases in the week of May 24, following general rate increases of $400 per 40-foot container moving from Asia to the U.S. West Coast and $600 per FEU from Asia to the U.S. East Coast implemented by USL and CMA CGM on May 21.
Turkish Cargo will launch freighter services to Entebbe, Uganda, and Kigali, Rwanda, effective June 3, and one weekly flight to Karachi, Pakistan, and Singapore, starting June 5.
Hapag-Lloyd will raise rates for all dry, refrigerated, flat rack and open top containers on its trade from East Asia to the U.S. and Canada, effective July 1...
Yisrael Katz, Israel’s transportation minister, has announced that tenders for the construction and operation of two new ports will be issued by July 1, Haaretz reports.
The drop in Hong Kong’s container throughput last month indicates a structural problem exacerbated by a strike at one of the terminals last month, according to one port operator, South China Morning Post reports.