International shipping and logistics market update - Week 12/2024
International shipping and logistics market update - Week 12/2024
Phaata | 23-03-2024

International logistics and container shipping market update on Asia, Europe and North America routes in the week 12/2024.

COSCO SHIPPING resumes CV3 service from Ho Chi Minh to China

Phaata | 18-03-2024

COSCO SHIPPING announced the restoration of bi-weekly CV3 service from Ho Chi Minh City to Fuzhou, Quanzhou, Shekou and Humen, starting from the end of March 2024.

Maersk studies possibility of acquiring DB Schenker

Phaata | 13-03-2024

Shipping company Maersk has hired a consultant to research the possibility of taking over the leading logistics brand from Germany - DB Schenker - after DHL group withdrew from this deal.

SITC deploys online marketing on Phaata.com logistics marketplace

Phaata | 11-03-2024

SITC's official sailing schedules and services will be updated and posted on the online logistics marketplace platform Phaata.


International shipping and logistics market update - Week 8/2024

Phaata | 24-02-2024

International logistics and container shipping market update on Asia, Europe and North America routes in the week 8/2024.

Air Freight Rates Drop After Lunar New Year

Phaata | 23-02-2024

The latest data from TAC Index shows that the total air freight rate has decreased by 8.2% compared to last week and decreased by 21.2% compared to the same period last year.

Transpacific Container Demand Surges in Early 2024

Phaata | 22-02-2024

According to Lynerlytica, westbound container volumes on the transpacific trade lane have surged by 16.9% in January 2024.

Port of Savannah Handles Nearly 430,000 TEUs in January 2024

Phaata | 21-02-2024

The Port of Savannah handled a total of 428,000 TEUs in January 2024, a modest increase of 1.5% (or 6,300 containers) compared to the same period last year.

Container Leasing Rates Skyrocket Amid Equipment Repositioning Imbalances

Phaata | 20-02-2024

Surging demand for containers on the US West Coast, coupled with imbalanced equipment repositioning, has led to a dramatic increase in container leasing rates.

Wan Hai and ONE jointly launch services connecting Asia to US West Coast

Phaata | 19-02-2024

Wan Hai Lines and Ocean Network Express (ONE) cooperate to jointly deploy a service called AP1, connecting Asia with the US West Coast.

International shipping and logistics market update - Week 7/2024

Phaata | 17-02-2024

International logistics and container shipping market update on Asia, Europe and North America routes in the week 7/2024.

Sea-Intelligence forecasts 16% increase in global TEU*Miles due to Red Sea crisis

Phaata | 16-02-2024

According to Sea Intelligence, the global TEU*Mile increased by 16% as the Red Sea crisis required a corresponding 16% increase in capacity and service providers had to find ways to accommodate this spike.

HMM maintains profitability in Q4 2023.

Phaata | 15-02-2024

South Korea's HMM container shipping line maintained profitability in the fourth quarter of 2023 despite pressure on the container shipping market.


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