Market Intelligence

Maersk Redirects Larger Vessels from Port of Felixstowe to London Gateway Starting February Global shipping giant Maersk has announced it will no longer route its larger vessels through the Port of...

Air freight rates are expected to remain elevated into 2025, driven primarily by strong demand across key trade lanes. According to Jan Krems, President of United Cargo, rates will likely rise during...

Following customer pressure, French shipping giant CMA CGM has reversed its decision to reroute its INDAMEX (Indian Subcontinent-US East Coast) service through the Suez Canal, just weeks after announc...

Sri Lankan Cargo was honored with the "Emerging Cargo Airline" award at the prestigious Arabian Cargo Awards 2024, often regarded as the "Oscars of the Cargo World." The award was presented during a c...

Starting November 21, 2024, Jetstar Airways will be the only low-cost carrier offering direct flights between Singapore and Colombo, Sri Lanka. Hayleys Aviation has been appointed as the General Sales...

Sri Lankan Airlines is set to enhance its fleet by adding three new aircraft, increasing its total to 25 by January 2025. During an appearance on the Guwanserisara TV program, Mr. Sanjeewa Dissanay...

SriLankan Airlines has announced the cancellation of several flights in recent days due to technical issues impacting multiple aircraft in its fleet. The airline is actively addressing the situation t...

Russia's Azur Air has officially resumed its seasonal winter flights to Sri Lanka, with the first flight arriving at Bandaranaike International Airport (BIA) in Katunayake on November 6. The inaugural...

The previous government’s plan to hand over the management of Mattala International Airport to a joint India-Russia venture is likely to be scrapped, as Sri Lankan authorities are unable to grant the...

Hapag-Lloyd, the German ocean carrier, has announced a General Rate Increase (GRI) for shipments from the East Coast of South America to North and Central America, as well as the Caribbean. Effecti...

Effective mid-November 2024, CMA CGM will implement Peak Season Surcharges (PSS) on selected dry cargo shipments from Southeast Asia and China to West Africa, ensuring the continuity and reliability o...

Revenue from e-commerce shipments in the US freight industry reached a record US$706 billion, marking a 7% increase from the previous year. This surge highlights the ongoing shift towards digital tran...

On 30th October 2024, COSCO SHIPPING Energy, in collaboration with COSCO SHIPPING Heavy Industry, secured independent Approval in Principle (AIP) for the design of a 50,000 cubic meter ammonia dual-fu...

Ocean Network Express (ONE) has unveiled a new value-added inland haulage service, connecting the Bahrain terminal with locations within Bahrain’s city limits. This initiative underscores ONE’s com...

Port of Riga Launches Comprehensive Digital Access System Starting November 1, the Port of Riga will implement a cutting-edge digital access and pass system, transitioning visitors and freight vehi...

The war in Ukraine has significantly influenced the operations and strategic importance of Baltic container ports, underscoring broader economic and logistical adaptations within the region: 1. Dis...

The Saudi Ports Authority, or Mawani, has unveiled a new shipping service named GRC, which will be operated by Emirates Shipping Line. This service is tailored to meet the increasing market demand and...

C.H. Robinson has introduced proprietary technology powered by generative AI, automating tasks that were traditionally managed by people and streamlining the entire freight shipment process. This inno...

Mediterranean Shipping Company (MSC) continues its aggressive fleet expansion, recently adding 20 dual-fuel ships from China’s New Times Shipbuilding, following its long-term charter deals for four 23...

An HHLA employee tests the new training control center at the Container Terminal Altenwerder (CTA) in Hamburg, part of the PortSkill 4.0 initiative. This cutting-edge digital training center is design...

WT Terminal, an active operator within the Port of Riga, recently unveiled a solar panel installation aimed at partially fulfilling its energy needs with renewable power. Located atop the terminal’s w...

AP Moller – Maersk is advancing its efforts to secure sustainable fuel for its future fleet by signing a long-term bio-methanol supply agreement with Chinese producer LONGi Green Energy Technology. As...

Container shipping newbuilding orders continue to surge, with Wan Hai Lines leading the way by placing an order for its largest vessels to date at South Korean shipyards. The Taiwanese carrier has con...

Folk Maritime, a Saudi feeder and short-sea shipping company backed by the nation’s Public Investment Fund (PIF), has launched its fourth service, connecting Saudi Arabia, India, and Iraq through the...

Cosco Shipping Holdings has announced plans to upgrade the power systems of four newly constructed containerships from conventional fuel to methanol dual-fuel engines in a bid to reduce emissions. In...

Cosco Shipping Holdings has posted robust revenue and cargo volume growth for the first three quarters of 2024. The company's container shipping business generated RMB 168.84 billion ($23.70 billion)...

In the Geopolitics and Trade podcast, presenter Punit Oza explores why a second term for Donald Trump as President could be beneficial for Asia and the shipping industry, while presenting challenges f...

Hapag-Lloyd, the German container shipping giant, has placed an order for 24 new LNG dual-fuel, ammonia-ready container ships at two Chinese shipyards, marking a $4 billion investment. Despite concern...

Sea Lead Shipping has launched a new Mediterranean–Latin America service, marking its entry into the Latin American market. This service, known as the MEDSA Service, will make calls at Brazil’s Wilson...

Pacific International Lines (PIL) is introducing a new feeder service connecting Jebel Ali in the UAE to Umm Qasr in Iraq. Named the Iraq Feeder Service (IQF), this route aims to expand PIL’s Middle E...

DP World Australia has announced a binding agreement to acquire Silk Logistics Holdings Limited, valued at approximately $115.6 million. Once completed, the acquisition will add Silk’s 21 logistics hu...

ZIM Integrated Shipping Services is deploying Hoopo’s advanced hoopoSense Solar trackers across its fleet of smart containers. This solution offers customers full end-to-end visibility, including the...

Sri Lanka’s Cargo Clearance Delays: Economic Impacts and Recommendations for Reform A recent report by the Ceylon Chamber of Commerce highlights how delays in cargo clearance at Sri Lanka Customs a...

Canada is currently facing the imminent possibility of strikes on both its east and west coasts. In British Columbia, employers at the ports have been alerted to a 72-hour strike notice issued by t...

The ongoing disruptions in ocean shipping are proving advantageous for feeder operators, who have rapidly expanded their fleets over the past year. Recent data from Alphaliner reveals that Singapor...

Compact Container Systems (CCS) has introduced its SeaFold HC 40ft, an innovative folding container that can collapse to fit five units in the space typically occupied by a single FEU, significantly s...

According to a recent analysis by Drewry Shipping Consultants, the potential re-election of Donald Trump as US president should raise alarms for the container shipping industry, with the firm labeling...

The European pharmaceutical cargo market is thriving, largely due to the region's expanding role as a production hub. However, concerns about regulatory compliance within the EU are emerging as a sign...

Intra-Asia carrier SITC has placed an order for six new 1,800 TEU feeder vessels with Huanghai Shipbuilding in China, with a total investment of $174 million. This move comes shortly after Chairman Ya...

The increasing pressure on cargo capacity is prompting container lines operating in Indian markets to implement innovative strategies to attract shipments and maximize vessel utilization. CMA CGM,...

This week, container shipping lines operating on major east-west routes successfully ended a 15-week streak of declining spot freight rates by implementing a general rate increase (GRI) on shipments d...

Japanese container line ONE has released its Q2 2024 interim results, revealing a remarkable surge in profitability driven by increased volumes, tightened supply, and consistently high vessel utilizat...

Freight forwarders and data analysts are noting a steady increase in airfreight rates out of Asia, which are anticipated to reach new heights by the end of November. However, the market is not bracing...

Riyadh Air, the newly established premium international airline in Saudi Arabia, has secured a firm order for 60 aircraft from the A321neo Family. This landmark agreement was formalized during the Fut...

Centrum Air, a rapidly expanding airline from Uzbekistan, has announced the launch of a new weekly service connecting Tashkent to Colombo, Sri Lanka, beginning November 17, 2024. This initiative repre...

Malaysia Airlines has officially appointed Jetwing Air as its new General Sales Agent (GSA) for Sri Lanka, effective November 1, 2024. This strategic alliance is designed to bolster the airline's foot...

Switzerland’s Edelweiss Air is launching its winter flight operations to Sri Lanka today, November 1, 2024, with the inaugural flight arriving at Bandaranaike International Airport (BIA) in Katunayake...

Sri Lankan Airlines has officially resumed its eighth weekly flight on the Colombo-Trichy route as of this morning, significantly enhancing connectivity between Sri Lanka and India. With this addit...

DHL Express has announced a price adjustment of 4.9% for its services in Sri Lanka, effective January 1, 2025. Dimithri Perera, Country Manager for DHL Express Sri Lanka, stated, “Despite ongoing g...

Sri Lanka's apparel sector demonstrated robust growth in September 2024, with exports rising sharply by 19% year-on-year to reach $397 million, according to data from the Joint Apparel Association For...

Transdigm Group, a prominent U.S. engineering technology firm specializing in aviation solutions, has announced an $8.5 million investment in Sri Lanka through a partnership with AmSafe BirdPort to la...

Enter Air's inaugural charter flight successfully landed at Bandaranaike International Airport (BIA) on Wednesday, marking a new connection between Poland and Sri Lanka. This flight kicks off a series...

Swiss airline Edelweiss Air has resumed its seasonal flight operations to Sri Lanka, with the inaugural flight landing at Bandaranaike International Airport (BIA) yesterday at 9:25 a.m., carrying 221...

In a significant development aimed at bolstering bilateral relations and promoting tourism, Russia's Red Wings Airlines has officially inaugurated direct flights connecting Samara and Mattala. The...

President Advocates for Accelerated Digital Transformation and New Initiative to Reduce Electricity Costs in Meeting with National Chamber of Commerce On Tuesday, President Anura Kumara Dissanayake...

The National Logistics Awards 2024 (NLA) took place on October 23 at the Shangri-La Hotel in Colombo, marking a vibrant celebration of excellence in the logistics sector. Organized by the Sri Lanka Lo...

Last week, Hiroyuki Noma, the newly appointed Regional Managing Director of NYK based in Singapore, paid a courtesy visit to Hambantota International Port (HIP). He was joined by a distinguished deleg...

The Export Development Board (EDB) has launched the “Voyage Sri Lanka 2024” website, aimed at promoting the strengths, potential, and cutting-edge technologies of Sri Lanka’s marine and offshore servi...

Emirates Group and Dubai Airports have published an economic impact study conducted by the global research firm Oxford Economics, which highlights the pivotal role of aviation in Dubai’s economy. The...

X-Press Feeders has solidified its lead over its primary competitor, Unifeeder, establishing itself as the largest common feeder operator in the world. Based in Singapore and ranked 13th in the Alp...

The agreement for the formation of the Premier Alliance, which includes HMM, Ocean Network Express (ONE), and Yang Ming, has been officially submitted to the Federal Maritime Commission (FMC). This st...

Container shipping lines have announced significant updates to their service offerings in the Middle East and Indian Subcontinent region, as reported by DynaLiners. These adjustments come in response...

Turkish liner operator Akkon Lines has announced the inclusion of the Saudi Arabian port of Jeddah in the rotation of its Far East Service (FES), as reported by DynaLiners. The updated service rota...

Hapag-Lloyd, the Hamburg-based container shipping line, has announced a new General Rate Increase (GRI) and General Rate Adjustment (GRA) for shipments from the Indian Subcontinent and the Middle East...

Danish ocean carrier Maersk has announced the implementation of new peak season surcharges (PSS) on a global scale. Beginning November 4, the company will adjust the PSS for all dry containers ship...

The world’s largest ocean carrier, MSC, has announced new Freight All Kinds (FAK) rates for shipments from Asia to the Mediterranean. These rates will be effective from November 15, 2024, until Novemb...

CMA CGM, the French container shipping line, has informed its customers of a forthcoming Rate Restoration Initiative (RRI) set to take effect on December 1. This initiative will impact shipments fr...

Starting November 15, 2024, the Marseille-based container line will implement updated Freight All Kinds (FAK) rates from major Asian ports to destinations in the Mediterranean and North Africa. These...

European importers are currently engaged in challenging contract negotiations with container carriers who are striving to elevate short-term freight rates to set a higher baseline for long-term agreem...

Relief spread widely when the early October work stoppage at U.S. East and Gulf Coast ports ended after three days, easing fears of a prolonged disruption. Although ports like Savannah experienced som...

Cosco Shipping Ports has made a strategic investment of $110 million to acquire stakes in two key container terminals at Laem Chabang Port, Thailand's largest port, which processes approximately 80% o...

A feasibility study is currently underway to explore the operation of Chattogram Port's Laldia Container Terminal under a public-private partnership (PPP) model. This initiative is part of a broader e...

Bangladesh's ongoing political turmoil has inadvertently provided a boost to India's garment exports, even amid broader global challenges such as inflation and supply chain disruptions. In September,...

The Indian government is actively working to mitigate losses by enhancing the country's container production capacity and strengthening its domestic shipping fleet, particularly in light of the signif...

Container freight rates have experienced significant fluctuations between January 2023 and October 2024, as highlighted by the Statista Research Department. On October 26, 2023, freight rates plumm...

SriLankan Airlines is gearing up to expand its fleet with the purchase of a used Airbus A330-300 (CAA registration 4R-ALT), expected to arrive by the end of this month. Previously operated by Thai Air...

Jaffna International Airport (JIA) proudly celebrates its 5th anniversary, marking a significant milestone in its successful journey. Since its opening, JIA has been instrumental in reuniting friends...

Emirates will launch a fourth daily flight to Colombo on January 1, 2025, as part of its expanding global network. Originally planned to be serviced by the new Airbus A350 aircraft, the airline has op...

Sri Lankan Airlines is set to introduce a new daytime flight between Bangalore and Colombo on October 31, 2024, raising its total weekly operations on this route to 10 flights. Flight UL 1174 will dep...

Romesh Samaranayake, the distinguished General Manager and CEO of BOC Travels, has been named the new President of the IATA Agents Association of Sri Lanka (IAASL). Known for his steadfast dedicati...

Red Wings Airlines will recommence flights to Mattala Rajapaksa International Airport on October 28, 2024, in anticipation of the winter season. This service will facilitate travel for Russian tour...

Qatar Airways has elevated in-flight connectivity by launching the world’s first Starlink-equipped Boeing 777 aircraft, which flew from Doha to London on Tuesday, October 22, 2024. This significant mi...

The French liner CMA CGM Group has partnered with waste management leader SUEZ to create a long-term industrial alliance focused on biomethane production through waste recovery. Under this collabor...

Hong Kong’s Orient Overseas Container Line (OOCL) has confirmed that it will charter the newly ordered series of 13,600 TEU vessels from Seaspan, a leading provider of containership tonnage. In a f...

Taiwanese carrier TS Lines officially launched its initial public offering (IPO) in Hong Kong on Thursday, aiming to raise approximately $145 million. The intra-Asia feeder specialist is offering n...

Foreign-flagged container shipping lines facing scrutiny from Indian tax authorities have been actively lobbying the government for relief, but so far, their efforts have yielded no results. This s...

MSC’s acquisition of Brazilian operator Wilson Sons has garnered attention from forwarders in the region, with some viewing potential opportunities amidst the changes. Ocean Wilson Holdings, based...

The upcoming reshuffling of container shipping alliances in 2025 is driving liner operators to fiercely compete for market share, which is undermining capacity discipline, even as freight rates contin...

Emirates has announced an order for five additional Boeing 777 freighters, choosing to expand its fleet with these aircraft despite recent industry developments. This order brings its total 777F backl...

Korea Development Bank (KDB) and Korea Ocean Business Corp (KOBC) increased their stake in South Korea's leading container carrier, HMM, to 67.05%, after converting KRW660bn ($478.25m) in bonds to equ...

The downward trend in freight rates on major trade lanes from India shows no sign of slowing, with constrained container volumes keeping head-haul demand tight, industry analysts report. Spot rates...

Sydbank's senior analyst notes that the key question has always been the level of demand expected by year-end. At the start of 2024, the major global container carriers predicted a challenging year ah...

Research by Veson Nautical indicates that estimated carbon emissions from bulk carrier vessels have decreased by 5 million tonnes, or 2.5%, since early 2021, despite increased travel distances and tim...

French ocean carrier CMA CGM has announced updated Freight All Kinds (FAK) rates effective from 1 November (for loading dates at origin ports) until further notice. The new rates are as follows: •...

COSCO-owned ocean carrier Orient Overseas Container Lines (OOCL) has secured charter agreements with Seaspan for six brand new container ships, each with a capacity of 13,000 TEU, at a total maximum v...

COSCO SHIPPING Ports has acquired a 12.5% equity stake in Thai Laemchabang Terminal (TLT) and a 30% stake in Hutchison Laemchabang Terminal (HLT), solidifying its presence in Thailand's container term...

Swiss-Italian container line MSC has announced updated rates for shipments from all Asian ports including Japan, Korea, and Southeast Asia to Northwestern Europe, the West Mediterranean, Adriatic, Eas...

DP World has, for the first time, acquired 47,000 branded containers, expanding its cargo capacity and enhancing its ability to meet customer demand. This UAE-based port operator stated that the acqui...

Taiwanese container carrier Yang Ming has announced two new service routes to expand its network across Europe and the Mediterranean. Starting in January 2025, the carrier will launch the North Europe...

In its latest report, Sea-Intelligence has explored the “vessel bunching” issue, which refers to the count of weekly sailings surpassing the number of scheduled weekly services. The Danish maritime...

SeaLead has unveiled a new direct liner service, the Mediterranean Gulf Express (MGX), aimed at enhancing connectivity between the Middle East and Mediterranean regions via the Red Sea. The MGX ser...

Compact Container Systems (CCS) has introduced the SeaFold HC 40’—the world’s first foldable, five-in-one container designed to tackle inefficiencies, cut excess container movements, and significantly...

Danish shipping line Maersk has announced a new Peak Season Surcharge (PSS) for routes from Far East Asia to India, Pakistan, Sri Lanka, Nepal, and the Maldives. This surcharge will take effect on 4 a...

Singapore-based container carrier Ocean Network Express (ONE) has unveiled its new weekly service, the "India Coastal Express (ICE)," designed to connect West Coast India, Sri Lanka, and East Coast In...

Container lines catering to Indian trade are swiftly gearing up for significant changes in ocean network alliances. In a strategic move, the French shipping giant CMA CGM has launched a new, expans...

Two of the largest container shipping lines have announced updates to their intra-Middle East and Indian Subcontinent service networks. Beginning in late October, Ocean Network Express (ONE) will e...

Shreyas Shipping and Logistics, one of India’s leading container shipping companies, has rebranded as Transworld Shipping Lines to align more closely with its parent company, Transworld Group. Rame...

DP World is moving forward with a £1 billion ($1.3 billion) investment to expand London Gateway, positioning it to become the UK's largest container port within the next five years. The Dubai-based...

The Hambantota International Port (HIP) announced yesterday a notable 40% increase in the volume of RORO vehicles handled between the second and third quarters of 2024. The number of units processed r...

The United States Maritime Alliance (USMX) and the International Longshoremen’s Association (ILA) are poised to resume negotiations after reaching a tentative agreement on wages. Key Highlights:...

Maersk and Hapag-Lloyd have confirmed their plan to launch the "Gemini Cooperation" by utilizing the Cape of Good Hope route starting February 1, 2025, citing ongoing security risks in the Red Sea. Th...

CMA CGM, a global shipping leader, has partnered with Google to integrate AI across its operations to enhance decision-making, optimize workflows, and boost efficiency. This collaboration is part of C...

Sri Lanka's China-backed Hambantota International Port (HIP) reported a 40% rise in roll-on-roll-off (RORO) vehicle transshipments in the third quarter of 2024 compared to the second quarter. The numb...

Who would have thought that a set of three-letter acronyms could reshape the course of international and domestic commerce? This transformation is thanks to a visionary group of industrialists, financ...

Singapore to Become First Port to Fully Implement Digital Bunkering by 2025 Singapore is set to become the world's first port to fully transition to digital bunkering, eliminating the use of paper...

X-Press Feeders Expands Methanol-Powered Fleet with Six More 11,000 TEU Dual-Fuel Boxships X-Press Feeders has placed an order for six additional 11,000 TEU dual-fuel container vessels at Shanghai...

Ocean Network Express (ONE) is preparing to roll out the Levant Express (LEX) service in January 2025, a new addition to its portfolio that focuses on enhancing trade routes between Northern Europe an...

Ocean Network Express (ONE) is set to launch its new Aegean Express (AEX) service in January 2025, designed to bolster connections between Northern Europe and the Mediterranean region. The AEX service...

With the conclusion of the USEC port strike, Sea-Intelligence reports that the overall impact has been less severe than initially anticipated. However, the three-day closure did lead to vessel congest...

Data-driven digitalization is reshaping the shipping industry by enhancing efficiency, sustainability, and decision-making processes across the supply chain. The shift to digital platforms, automated...

Sri Lankan Airlines will enhance its service to Madurai by increasing its flight frequency to six flights per week, effective October 29, 2024. A new morning flight will be added every Tuesday, offeri...

Sri Lankan Airlines is set to strengthen its fleet with the addition of a pre-owned Airbus A330-300 (CAA registration 4R-ALT), expected to arrive by the end of this month. Formerly operated by Thai Ai...

DB Schenker has introduced Ocean Bridge, an AI-powered solution for monitoring cargo throughout its ocean journey. The tool provides customers with real-time, detailed insights at the vessel, shipment...

On October 9, the Maritime and Port Authority of Singapore (MPA) and China’s Shandong Provincial Transport Department signed a memorandum of understanding (MoU) to create the Singapore-Shandong Green...

Hurricane Milton made landfall near Siesta Key, Florida, as a Category 3 storm Wednesday evening, forcing the closure of several Florida ports. Despite being downgraded from a Category 5, the National...

To make doing business easier, South Korea and India have started electronically transferring bill of lading between respective customs departments. A move aimed at streamlining trade processes and...

Dockworkers at East and Gulf Coast ports are set to strike at midnight, raising concerns about significant disruptions to the U.S. supply chain. Mark Szakonyi, an expert in container shipping and logi...

Global shipping company SeaLead Shipping has launched a new weekly direct liner service in collaboration with the Sri Lanka Ports Authority (SLPA), enhancing maritime connectivity between the Far East...

German shipping company Hapag-Lloyd has announced a General Rate Increase (GRI) / General Rate Adjustment (GRA) for shipments from the Indian Subcontinent and Middle East to the U.S. East Coast and Gu...

The highly anticipated ILA port worker union strike across U.S. East Coast and Gulf ports commenced Monday night at 12:01 AM after the ILA and U.S. Maritime Alliance (USMX) failed to reach an agreemen...

French shipping company CMA CGM has informed its customers about the implementation of an Overweight Surcharge (OWS), effective October 1, 2024 (based on the gate-in date), and continuing until furthe...

The four largest container shipping companies collectively dominate 57.5% of the world’s container capacity, controlling more than 17.5 million TEUs. This concentrated market power allows these carrie...

Colombo West International Terminal (CWIT) has taken a significant step toward establishing itself as one of Asia’s premier port facilities with the arrival of its first two semi-automated Rail Mounte...

The long-anticipated construction of Bandaranaike International Airport's (BIA) second terminal is set to begin soon, following the official awarding of the contract. Initially launched in 2020, th...

Sri Lankan Airlines is strategically sharpening its focus on South India, recognizing the region as a crucial market for driving revenue growth. Given the significant volume of Indian travelers, the a...

The International Longshoremen's Association (ILA) has announced a potential strike set to begin on October 1, 2024. This action could disrupt operations at 36 ports along the U.S. East Coast and Gulf...

Container freight rates on key export routes from India continued to decline in September, driven by a slowdown in export activity, according to an analysis by Container News. On the westbound Indi...

The looming strike at all United States East Coast and Gulf ports is expected to cause significant disruption to the global supply chain, posing a serious challenge for shipping stakeholders worldwide...

Analysts say a stoppage from next week could cost the economy $5bn a day and raise prices for consumers. US retailers, automakers, and other industries are grappling with soaring freight costs as t...

Truck queues are increasing at ports on the US East Coast, prompting shipping lines to implement contingency plans in light of an impending dockworkers' strike that is only a week away. At a Glance...

Logistics managers and major shippers are gearing up for the upcoming contract season negotiations, which will kick off in Europe later this year and on the Pacific in spring 2025. James Hookham, D...

The container shipping industry is grappling with several pressures, including a massive influx of new vessels, softening demand, and growing frustration among customers. Although a U.S. East Coast po...

Hong Kong's flagship airline, Cathay Pacific, has unveiled its new winter schedule for 2024-2025, increasing flights between Colombo’s Bandaranaike International Airport and Hong Kong. Starting from J...

Key stakeholders at Ghana's ports are set to protest today, Tuesday, September 24, at 9 a.m., against what they describe as exorbitant charges levied by shipping lines operating in the country. The...

Air China, one of the largest airlines in China, is set to expand its operations to Sri Lanka with the introduction of daily flights starting in October 2024. This announcement was shared by former To...

Carriers are ramping up preparations for an increasingly likely strike at U.S. ports on the East and Gulf Coasts. With no significant progress in negotiations between the International Longshoremen’s...

Hapag-Lloyd AG has implemented a Work Disruption Surcharge (WDS) of USD 1,000 per TEU in response to potential strike risks on the U.S. East Coast. Effective from October 18, 2024, this surcharge will...

Donald Trump's plan to increase tariffs on imports if re-elected in November could drive up cargo rates and fuel inflation, much like during his 2017-2021 presidency, according to shipping and retail...

Disruptions in global supply chains caused by the Red Sea diversions are easing as supply and demand balance out, and the initial congestion from service bunching has significantly reduced, according...

CMA CGM has announced a revision to its Overweight Surcharge (OWS) for shipments from Asia to North Europe. Effective from 15 September 2024 and applicable until further notice, the surcharge will...

On 16 September, the 1,730 TEU MSC Riona, a feeder vessel, was involved in an accident at Yantian Port, southern China, where a portion of a ship-to-shore crane collapsed onto the ship. Local repor...

PSA Mumbai has achieved a significant milestone by surpassing 200,000 TEUs in throughput for the first time in August, marking a record for any terminal within the Jawaharlal Nehru Port Authority (JNP...

CMA CGM has notified its customers of forthcoming adjustments to local port charges at various ports along the US East Coast and Gulf. These revised charges will come into effect on 11 October 2024 an...

The Cabinet of Ministers has approved a set of import duty changes this week, aimed at benefiting various sectors from manufacturing to trade. The new measures will revise customs duties for a wide ra...

With the acquisition of DB Schenker, DSV has emerged as the new dominant force in air freight forwarding, overtaking industry titans such as Kuehne+Nagel and DHL Global Forwarding. This landmark deal...

Danish logistics giant DSV has reportedly secured the acquisition of Schenker, the rail logistics division of Germany’s state-owned Deutsche Bahn, in a deal valued at approximately €14 billion ($15.43...

Starting next February, THE Alliance will be rebranded as the Premier Alliance, with Ocean Network Express (ONE), HMM, and Yang Ming Marine Transportation continuing their partnership. The world's lar...

Ocean Network Express (ONE), HMM, and Yang Ming Marine Transportation are excited to announce the continuation of their close collaboration under the newly named Premier Alliance. This strategic partn...

⚠️ Container Market Braces for Potential ILA Strike on US East Coast ⚠️ As the International Longshoremen's Association (ILA) considers a strike, the container shipping market along the US East Coa...

Sri Lanka’s Colombo Port, which experienced robust transhipment growth earlier this year due to vessel diversions from the Red Sea, is now witnessing a slowdown. After significant gains, transhipment...

The global shipping industry is undergoing a significant transformation with the realignment of major alliances in 2024 and 2025. The Premier Alliance, comprising HMM, ONE, and Yang Ming, will launch...

Air China has announced it will begin daily flights to Colombo starting October 27, 2024, through March 29, 2025, to meet the heightened travel demand during the winter season. This new daily serv...

Rising charter costs have prompted HMM to follow in the footsteps of major ocean carriers MSC and CMA CGM by acquiring older secondhand feeder ships. HMM is reportedly negotiating the purchase of t...

SriLankan Airlines and flydubai have announced a new interline agreement, effective September 9, 2024, that will enhance travel options between Sri Lanka, the UAE, and beyond. This agreement will a...

The world's largest container shipping company, MSC, has unveiled its new independent service network for East/West trades, set to launch in February 2025, coinciding with the end of its 2M alliance w...

As the dust settles from the recent major liner announcements in anticipation of February's alliance reshuffles, analysts are pointing out that freight buyers stand to benefit significantly. Starti...

Get ready for a major transformation in the global container shipping industry in 2025! 🚢 With alliances shifting and new partnerships forming, the market power and trade routes are set to be resh...

Summary: • Vietnam's death toll rises to 49 due to Typhoon Yagi, with 22 still missing. • Infrastructure damage includes a collapsed bridge, with continued risks of floods and landslides. • Facto...

Summary: • Factories face pressure following protest-related shutdowns. • Floods disrupt cotton supply chains through Chittagong port. • Cotton imports may shift to India, Pakistan, and Vietnam....

Many garment workers in Bangladesh continue to earn wages far below the national minimum. The country is a vital hub for global fast fashion, supplying retailers like H&M, Gap, and Zara. Over the past...

Maersk's new Fossil Fuel Fee (FFF), introduced in 2024, has replaced the Bunker Adjustment Factor (BAF) and Low-Sulphur Surcharge (LSS), leading to increased costs for shippers and benefiting the carr...

Maersk has announced the appointment of Christopher Cook as Managing Director for India, Bangladesh, and Sri Lanka, effective October 1st. This move is part of A.P. Moller - Maersk's strategy to reshu...

The Sri Lanka Port Authority (SLPA) has announced the arrival of the 24,000 TEU container vessel, Ever Arm, at the Colombo East Container Terminal (CECT) on September 5th 2024. Flagged in Taiwan, t...

Maersk has announced several blank sailings in advance of the Golden Week National holiday in China. The Danish carrier stated that this adjustment is intended to align its network with anticipated re...

French ocean carrier CMA CGM has announced the introduction of a peak season surcharge (PSS) for shipments from East Africa, South Africa, and the Indian Ocean to Europe. Starting from September 15...

Air China has announced the launch of daily flights to Colombo, beginning October 27th, 2024, and running until March 29th, 2025, to accommodate the rising demand for air travel during the winter seas...

Hong Kong’s flagship airline, Cathay Pacific, has canceled dozens of flights after a flight from Hong Kong to Zurich was forced to turn back due to an “engine component failure.” Following this inc...

The container ship MSC Antonia lost 46 containers overboard due to severe weather off the coast of Port St. Johns in the Eastern Cape. The vessel, flying the Liberian flag, was en route from Colombo,...

With container volumes between the Far East and the Middle East experiencing robust double-digit growth annually, several shipping lines are expanding their services along this route. Starting 8 No...

French shipping giant CMA CGM has announced the introduction of new peak season surcharges globally, set to be implemented in the coming weeks. Firstly, a peak season surcharge (PSS) of US$250 per...

The prolonged lead times for new ship orders are forcing container carriers to place orders now to stay competitive, according to a senior industry executive. This urgency is driven by the limited yar...

In 2024, Sri Lanka's Port of Colombo has demonstrated significant growth in container handling, underscoring a marked improvement in its operational efficiency. The Sri Lanka Ports Authority (SLPA)...

According to Container News, container freight rates from India generally moderated in August, except for routes to Europe. On the westbound India-Europe route, average spot rates increased, with r...

Sea-Intelligence has published issue 156 of the Global Liner Performance (GLP) report, featuring schedule reliability data through July 2024. The report, which is comprehensive in scope, analyzes sche...

Air cargo demand continued its strong upward trajectory in July, with the latest IATA data revealing a 13.6% year-on-year surge, driven by ongoing disruptions in ocean freight and the booming e-commer...

Plans are underway to transform Trincomalee into an industrial port, while the Kankesanthurai (KKS) port is set to be developed in collaboration with India. To guide these developments, a comprehensiv...

A&A’s Top 25 Global Freight Forwarders List Ranked by 2023 Gross Logistics Revenue/Turnover and Freight Forwarding Volumes Figures represent company-reported data or Armstrong & Associates, Inc. e...

The Hambantota International Port (HIP) has witnessed a remarkable surge in volumes, with a 40% growth recorded so far in 2024. According to the port’s Commercial and Marketing division, this growth i...

Shippers are being advised to secure cargo space and develop contingency plans due to expected capacity shortages in the air cargo market from key Asian regions during the peak season, according to in...

Drewry forecasts that 2024 will likely be the second-highest year on record for dry freight container production, as manufacturers are reporting fully booked order schedules. Ocean carriers and con...

Freight forwarders and shippers are increasingly advocating for extended air cargo contracts to shield themselves from potential rate hikes driven by supply chain disruptions. According to a mid-ye...

In 2019, Dr. Harsha de Silva embarked on an ambitious project to revolutionize Sri Lanka's agricultural sector: Prabashwara, the country's first humidity and temperature-controlled warehouse. Designed...

DSV - Global Transport and Logistics has reportedly made a bid of approximately €14 billion for DB Schenker, according to Bloomberg, which cites anonymous sources. CVC Capital Partners, another major...

Air Ceilao, Sri Lanka's latest airline, is poised to make its mark on the aviation industry with a mission to redefine air travel. Initially targeting key destinations across the Middle East and Asia-...

Sri Lanka is set to host the inaugural YoungShip Global Leadership Summit (YGLS) from November 16 to 19, with events taking place in Colombo and Galle. The summit aims to foster the next generation of...

Adverse weather conditions have resulted in the loss of 99 containers from yet another large CMA CGM vessel off the coast of South Africa, as confirmed by the South African Maritime Safety Authority (...

Artificial intelligence (AI) is poised to tackle some of the most pressing challenges in the transportation industry, including workforce shortages, escalating fuel and equipment costs, and supply cha...

In response to a significant exodus of air traffic controllers following the country's recent currency crisis, Sri Lanka has implemented salary increases and initiated new hiring efforts to stabilize...

Introduction: Balancing short-term cost reduction with long-term business value is a constant challenge in supply chain management. The complexity increases with factors like supplier substitution, o...

The 4th Annual National Logistics Day is here, continuing the tradition since the Ministry of Transport designated August 16 as National Logistics Day in 2021. This day was established to highlight th...

The Colombo International Maritime and Logistics Conference rotates among the maritime nations of South Asia, focusing on uniting the shipping, ports, and logistics sectors to discuss regional advance...

A fire broke out this morning on a Singaporean vessel anchored at Colombo Port. Keith D. Bernard, Chairman of the Ports Authority, stated that prompt measures were taken to extinguish the blaze....

Colombo Port, the major transshipment hub in the Southeast Asian region, has emerged as the world's fastest-growing port, with a growth rate of 23.6% in the first quarter of 2024, according to Alphali...

IndiGo, an Indian airline, will launch non-stop daily flights between Chennai in southern India and Jaffna in northern Sri Lanka starting September 1. Reservations for these flights began on Thursd...

In a momentous event that promises to redefine the logistics landscape in Sri Lanka, the groundbreaking new platform SCLOE was officially launched on 23rd July 2024. This innovative project, nearly a...

How to Register as an Importer or Exporter To launch your import or export business, you must first register with Sri Lanka Customs by following these steps: Step 1: Obtain the Application Begi...