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ONE Henry Hudson Fire Incident: Cargo Discharge Complete, Vessel Departs Los Angeles for Repairs in Asia

Phaata

24-01-2026

Two months following the severe fire at the Port of Los Angeles, the ONE Henry Hudson (8,212 TEU) has concluded cargo discharge and is en route to Asia for repairs. Ocean Network Express (ONE) requires shippers to finalize General Average procedures for container release.

CMA CGM Welcomes 400th Owned Vessel: A Methanol Milestone with the 'Mega-Vessel' CMA CGM MONTE CRISTO

Phaata

24-01-2026

The CMA CGM Group has officially taken delivery of the CMA CGM MONTE CRISTO, marking the 400th vessel in its owned fleet. This is the first in a series of six 15,000 TEU Methanol-powered vessels, set to officially operate on the BEX2 service connecting North Asia and the Mediterranean starting in late January 2026.

PIL Secures Deal for 8 LNG Dual-Fuel Neo-Panamax Vessels

Phaata

23-01-2026

Pacific International Lines (PIL) has signed agreements to order 8 LNG dual-fuel Neo-Panamax container ships, split evenly between major shipyards in China and South Korea.

Lunar New Year 2026 Logistics Strategy: Shippers Prioritize Critical SKU Replenishment Over Mass Stockpiling

Phaata

23-01-2026

Supply chain experts observe a strategic shift for the Year of the Horse (2026): Instead of the mass inventory stockpiling seen in previous years, shippers are focusing on replenishing critical Stock Keeping Units (SKUs) to balance costs against the risk of supply chain fractures.

Port of Los Angeles Surpasses 10 Million TEU in 2025 - Marking the Third Time in History

Phaata

23-01-2026

Despite tariff headwinds, the Port of Los Angeles closed 2025 with a throughput of 10.2 million TEUs – crossing this milestone for the third time in its history.

Vienna Airport Sets New Air Cargo Record in 2025

Phaata

22-01-2026

With total throughput reaching a record 313,763 tonnes in 2025, Vienna Airport continues to affirm its position as a key logistics gateway for Central and Eastern Europe.

CMA CGM Scraps Red Sea Plans for Asia-Europe Trade; Xeneta Warns of Supply Chain Unpredictability

Phaata

21-01-2026

CMA CGM has announced a return to Cape of Good Hope routings for Asia-Europe trades, reversing its recent decision to transit the Red Sea. Experts from Xeneta warn that this constant shifting creates instability for shippers, eroding trust in schedule reliability and increasing inventory management risks.

Pre-Lunar New Year Air Freight Peak: Shippers Urged to Book Early

Phaata

21-01-2026

Ahead of the Lunar New Year (February 17), leading freight forwarders such as Scan Global Logistics and Dachser are collectively warning shippers to book 1-2 weeks in advance. Extended factory closures and airline flight cuts are expected to cause severe capacity shortages across Asia.

Surging India-Iran Air Freight: Risk of 'Collateral Damage' from Proposed US 25% Tariffs

Phaata

20-01-2026

Air cargo volumes from India to Iran have surged nearly 200% over the past five years. However, this growth momentum faces significant challenges as US President Donald Trump’s proposal to impose a 25% tariff on Iran’s trading partners threatens to disrupt this burgeoning supply chain.

International shipping and logistics market update - Week 10/2023

Phaata

11-03-2023

International logistics and container shipping market update on Asia, Europe and North America routes in the week of 10/2023.

Shipping lines will use many tools to cut supply - Former chairman of Evergreen and Yang Ming

Phaata

10-03-2023

Bronson Hsieh, the former chairman of both Evergreen and Yang Ming, said on the latest episode of the "The Freight Buyers' Club" podcast that carriers "know how to arrange" supply cuts and will do everything in its power to “control redundant capacity”.

SITC profit growth 67% in 2022

Phaata

09-03-2023

The Chinese shipping and logistics company, SITC International, has achieved strong growth in revenue and profit over the past year thanks to its container shipping business.

COSCO SHIPPING Teng Fei completes first car delivery voyage to Turkey

Phaata

08-03-2023

The vehicle carrier COSCO SHIPPING Teng Fei has successfully completed loading and unloading operations for 786 cars at the SAFIPORT terminal in Derince with the cooperation and support of COSCO SHIPPING Lines Turkey.

CMA CGM reinvests nearly 90% of record profits achieved in 2022

Phaata

07-03-2023

Shipping line CMA CGM is reinvesting for the future, achieving $24.9 billion in net profit in 2022, despite a sharp drop in performance in the fourth quarter.

Evergreen continues to spend money to buy more containers

Phaata

06-03-2023

Evergreen Marine Group has ordered 12,500 containers from Singamas Container Holdings for $34.3 million, as the Taiwanese shipping line tries to expand its business despite weak market conditions.

International shipping and logistics market update - Week 9/2023

Phaata

04-03-2023

International logistics and container shipping market update on Asia, Europe and North America routes in the week of 9/2023.

Sea shipping costs dip amid sliding demand

Phaata

03-03-2023

Sea shipping costs have plunged by over 80% from the previous peak as consumption has dropped amid inflation concerns.

Hapag-Lloyd announces financial results for 2022 and forecast for 2023

Phaata

02-03-2023

Hapag-Lloyd has seen strong earnings growth in 2022 with an EBIT of $18.5 billion, but forecasts a huge drop in profits in fiscal 2023 with EBIT falling to between $2.1 and $4.3 billion .

Exported container freight rates from Shanghai reduced on all routes

Phaata

01-03-2023

Container freight rates for exports from China continued to decline in the 8th week of the year and fell across the board, although freight capacity was adjusted.