Freight Rates Could Further Decrease
Freight Rates Could Further Decrease
Phaata | 28-04-2024

The Red Sea crisis has pushed sea freight rates sharply higher recently, however, rates are currently showing a downward trend. Business Forum Magazine has conducted an exchange with Mr. Nguyen Hoai Chung, Founder and CEO of Phaata, regarding this trend.

Hapag-Lloyd aims to consolidate its position in the top 5 container lines

Phaata | 22-04-2024

When setting out its 2030 strategy, Hapag-Lloyd Shipping Line plans to continue investing in its core business of container transportation as well as developing its port portfolio.

International shipping and logistics market update - Week 16/2024

Phaata | 20-04-2024

International logistics and container shipping market update on Asia, Europe and North America routes in the week 16/2024.

Jebel Ali returns to top 10 largest container ports in the world

Phaata | 17-04-2024

The largest container port in the Middle East - Jebel Ali/Dubai - has returned to the top 10 global container ports, surpassing the largest port in Europe, according to Alphaliner's report.


Container lines hit with $300m - $350m weekly revenue loss from coronavirus

Phaata | 21-02-2020

Container lines are taking an estimated revenue hit of $300m - $350m as they blank sailings due to the impact coronavirus in China according to analysts Sea-Intelligence.

Container lines roll out backhaul surcharges for shipments to Asia

Phaata | 20-02-2020

Container lines are rolling out surcharges on backhaul routes to Asia as blanked sailings from China on mainline trades due to the impact of the coronavirus putting the squeeze on capacity for imports into the region.

HMM narrowed losses in 2019, but faces precarious market

Phaata | 19-02-2020

HMM is facing an uncertain 2020, with the expected benefits of membership in THE Alliance and the delivery of a dozen mega-ships tempered by macroeconomic and geopolitical headwinds.

SM Line to join 2M Alliance in cooperation agreement

Phaata | 18-02-2020

2M Alliance partners Mediterranean Shipping Co. (MSC) and Maersk Line have inked a cooperation agreement with SM Line effective April 1.

ZIM updated Asia - Pacific North West product as from April 2020

Phaata | 18-02-2020

ZIM announces its updated Asia-Pacific North West product to commence April 2020

Additional Blanking Announcement – Asia to North Europe Services

Phaata | 17-02-2020

On top of our already announced blank sailings in relation to the Chinese New Year, we have seen a further reduction in demand due to the extended holiday period announced in China. Maersk endeavours to balance our network to match reduced demand.

U.S. and Canada Market: Peak Season Surcharge (PSS) for Reefer Exports

Phaata | 17-02-2020

U.S. and Canada Market: Peak Season Surcharge (PSS) for Reefer Exports

PIL Exits Transpacific Market to Boost Presence in North-South Trade

Phaata | 15-02-2020

Singapore’s shipping company Pacific International Lines (PIL) has decided to withdraw its services from the Transpacific market in an effort “to optimize the company’s network efficiency”.

OOCL Rauma Loses Containers off Dutch Coast

Phaata | 14-02-2020

Several containers have fallen off a Handy containership in stormy seas 43 kilometers north of Ameland, one of the Dutch West Frisian Islands, the Netherlands Coastguard said.


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