Congestion at the Port of Shanghai - which is the world's largest container port - is expected to increase as Shanghai will be locked down to carry out widespread Covid-19 testing.

Although there has been a decline in spot container freight rates, there are still many bottlenecks and the Covid situation in China, as well as a possible labor dispute on the US West Coast, should be forecast. Expected that, the freight rates of long-term contracts will be relatively high throughout 2022.

Xeneta forecasts that container shipping prices on the Asia-Mediterranean route will remain stable this year.

The Port of Los Angeles recorded a new record in February with handling volume reaching 857,764 TEUs, up 7.3% year-over-year.

Wan Hai Lines will strengthen its intra-Asia service network expansion with the new service CI7, connecting South China, Vietnam and East India.

Evergreen's 12,118 teu container ship - Ever Forward - ran aground in shallow water while departing from the port of Baltimore for Norfolk on the evening of March 13.

Evergreen shipping line has achieved a 9-fold increase in profits to reach $9.5 billion in 2021 and is expected to repeat this stellar performance in 2022, as congestion in major ports of America and Europe continues.

The International Association of Classification Societies (IACS) has decided to withdraw the continued membership of Russian Maritime Register of Shipping (RMRS) in IACS due to Russia's attack in Ukraine.

International logistics and container shipping market on Asia, Europe and North America routes in the week of 10/2022.