Transpacific container rates to the West Coast doubled last week on June 1st GRIs to US$5,488/FEU, with the latest daily rates above US$6,000/FEU as shippers start peak season early and frontload goods ahead of tariff pause expirations in July and August. Prices to the East Coast climbed 60% to US$ 6,410/FEU with the latest daily […] The post Container rates surging as shippers rush ahead of deadlines appeared first on Container News.

Toll Group has announced the successful completion of its acquisition of Transolve Global (Transolve), an Australian-based specialist in international freight forwarding of wine, bulk liquids, and perishables. This acquisition strengthens Toll Group’s ability to deliver logistics solutions to its expanded customer base, leveraging Transolve’s expertise in handling specialised commodities such as wines, bulk liquids, and […] The post Toll Group buys Australian bulk cargo logistics specialist appeared first on Container News.

Six publicly-listed container carriers saw their market valuation exceed US$10 billion in May, as the Red Sea crisis plus windfall profits from the threat of tariff action continued to keep shipping stock prices high, reported Alphaliner today. If you liked this post, please consider donating5€10€20€50€ The post Tariff pause sends valuation of six listed container carriers past US$10 billion appeared first on Container News.

The Far East–Europe trade lane continues to dominate global liner shipping, reinforcing its position as the largest corridor for containerized cargo. Over the past twelve months, the capacity of the global container fleet expanded by 8.9%, reaching 32.1 million TEUs, according to Alphaliner. During this period, an additional 2.62 million TEUs of new slot capacity […] The post Far East–Europe continues to be world’s largest trade lane appeared first on Container News.