French ocean carrier CMA CGM has announced the following updated Freight All Kinds (FAK) rates from the Indian Subcontinent, Middle East Gulf and Red Sea to North Europe and the Mediterranean. Amount in US$ per 20′ Amount in US$ per 40′ From India and Sri Lanka to North Europe 2,100 2,300 From Pakistan to North […] The post CMA CGM applies new rates from Indian Sub, Middle East Gulf and Red Sea to North Europe and Med appeared first on Container News.

Hapag-Lloyd has announced a new Peak Season Surcharge (PSS) for shipments from Asia and Oceania to the port of Mombasa in Kenya. This surcharge will be applicable for all cargo loaded from 10 May until further notice. The German ocean carrier will introduce a surcharge of US$400 per TEU for all container types. Asia and […] The post Hapag-Lloyd implements peak season surcharge from Asia & Oceania to Kenya appeared first on Container News.

MSC has announced the launch of its enhanced Eastern Cape Express Service, aiming to provide faster and more efficient transit times from Eastern Cape to Europe and the Mediterranean. Effective immediately, the service rotation will change as follows: Walvis Bay (Namibia) – Gqeberha (South Africa) – Sines (Portugal) – London Gateway (UK) – Rotterdam (Netherlands) […] The post MSC strengthens Eastern Cape Express Service appeared first on Container News.

The explosion at Shahid Rajaee port on April 26 has significant geopolitical implications, given the port’s strategic location. The blast has significant implications for Iran’s “dark fleet” operations, its sanctions evasion through oil and energy exports to China, and the broader shipping industry, particularly in the volatile geopolitical environment of the Strait of Hormuz. If […] The post Bandar Abbas Explosion: Geopolitical Flashpoint Disrupting Iran’s Maritime Growth? appeared first on Container News.

CEVA Logistics, the logistics arm of French shipping giant CMA CGM, has signed a binding agreement to acquire 100% of Turkish logistics provider Borusan Tedarik Zinciri Çözümleri ve Teknoloji Anonim Şirketi. The deal, valued at approximately US$440 million, is subject to customary net cash and working capital adjustments. Borusan Holding currently owns 69.47% of Borusan […] The post CEVA Logistics to acquire Turkey’s Borusan Tedarik for US$440 million appeared first on Container News.