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.


Evergreen's profit increased 9 times, reaching US$9.5 billion in 2021

Phaata | 16-03-2022

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.

IACS Council withdraws the membership of Russian Maritime Register of Shipping

Phaata | 15-03-2022

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 shipping and logistics market - Week 10/2022

Phaata | 12-03-2022

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

Hapag-Lloyd surpasses USD 26 billion in revenue and USD 10 billion in profit in 2021

Phaata | 11-03-2022

Hapag-Lloyd has grown very strongly in 2021, with revenue increasing to uSD 26.4 billion and the group's net profit reaching USD 10.8 billion due to high freight rates.

Schedule reliability of container shipping lines drops to record low in January 2022

Phaata | 10-03-2022

The reliability of container shipping lines in January 2022 decreased by 0.9 percentage points from the previous month to 30.9%. This is a record low since Sea-Intelligence began measuring in 2011.

ZIM launches a new service connecting China and Vietnam to US East Coast

Phaata | 09-03-2022

ZIM shipping line announced the launch of a new service called ZIM Ecommerce Baltimore Express (ZXB), connecting China and Vietnam with the US East Coast in March.

Kuehne + Nagel achieves 173% profit growth in 2021

Phaata | 08-03-2022

Global transportation and logistics group Kuehne + Nagel recorded a strong growth performance in 2021, with profits increasing 173% year-over-year to USD 2.4 billion.

International shipping and logistics market - Week 9/2022

Phaata | 05-03-2022

International logistics and container shipping market on Asia, Europe and North America routes in the week of 9/2022.

Bangladeshi cargo ship hit by a missile in Ukraine port

Phaata | 04-03-2022

A Bangladeshi cargo ship - the Banglar Samriddih - was hit by a missile while moored in the Ukrainian port of Olvia.


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