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.

SITC updates Vietnam-Intra Asia sailing schedules in May 2024

Phaata | 26-04-2024

SITC schedule for routes from Ho Chi Minh to Intra-Asia countries such as China, Japan, Malaysia, Bangladesh, Korea,... in May/2024 (Download excel file).

Sea-Intelligence: Number of blank sailings decreases sharply

Phaata | 19-04-2024

The number of blank sailings on the Asia-North Europe, Asia-North America East Coast and Asia-Mediterranean routes has dropped sharply in recent weeks.

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.


Hapag-Lloyd equips all containers with real-time tracking equipment

Phaata | 27-04-2022

Hapag-Lloyd says the trackers will transmit real-time GPS location data, temperature information and report any unexpected bumps to the container, and the trackers are resistant to damage.

Maersk raises full-year 2022 outlook after strong Q1 results

Phaata | 26-04-2022

With strong Q1 results, Maersk has revised up its full-year 2022 profit target, expecting that the current market situation will continue in Q2 combined with increased contracted freight rates. 

SITC exits dry bulk sector to focus on container shipping

Phaata | 25-04-2022

Intra-Asia shipping line SITC will sell its remaining 5 bulk carriers to focus on its core business of container shipping.

Russian ships banned from calling at US ports

Phaata | 22-04-2022

US President Joe Biden has decided to ban all Russian ships or have links to Russia from calling US ports.

International shipping and logistics market - Week 16/2022

Phaata | 21-04-2022

International logistics and container shipping market on Asia, Europe and North America routes in the week of 16/2022.

OOCL shipping line: Revenue spiked in Q1 while container volume fell

Phaata | 20-04-2022

OOCL's revenue in the first quarter of 2022 increased sharply by 71% over the same period last year, exceeding USD 5.16 billion. USD.

Air freight demand decreased in March but freight rates remained high

Phaata | 19-04-2022

Air freight volumes in March fell year-on-year as the market was affected by the war in Ukraine, sanctions and lockdowns in China.

Ever Forward ship successfully refloated after 35 days running aground

Phaata | 18-04-2022

Ever Forward has been refloated after 35 days of rescue and has unloaded about 500 containers.

Container ship Haian City collided with oil tanker in Bay of Bengal

Phaata | 17-04-2022

The container ship Haian City, with a capacity of 1,400 TEU, was severely damaged after being hit by an oil tanker in the Kutubia area of ​​the Bay of Bengal.


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