Taiwanese liner operator Evergreen Marine Corporation has extended its spree on newbuildings and containers, as its profit continues to climb amid firming freight rates.On 5th of November, Evergreen unveiled orders for a pair of 24,000TEU ships from Jiangnan Shipyard.Priced between US$140 million to US$160 million each, the newbuildings are
Vessel and port congestion levels in 2021 so far have been unprecedented, significantly impacting capacity in the Container and Bulker sectors and disrupting global supply chains. Global shipping congestion in 2021 has been profound in many ways. From Covid-19 related port disruptions, the continuation of the China/Australia Trade war
Suez Canal Authority (SCA) has published new resolutions concerning the fees of the transiting ships through the canal and new marketing strategies that will be applied during the next year. In particular, Admiral Osama Rabea, Chairman of the SCA announced on 4th of November that the authority will increase
The export container volume dropped 3.3% while the domestic volume declined 14.2% in mid-October. Some of the ports shut operation temporarily due to bad weather, while cargo throughput at major coastal hub ports dropped 4.9% year on year & international trade cargo throughput also declined 3.1%.
