Sector

Spot rates from South East Asia to the US East Coast have softened towards the end of May in line with what's happening on other major trade routes.

DP World and CDPQ have announced an investment of US$5 billion in three UAE assets, Jebel Ali Port, Jebel Ali Free Zone, and the National Industries Park.

Port of Rotterdam is accelerating the reduction of its carbon footprint as part of its efforts to reach its sustainability goals.

Timor Port received two tugs, two STS gantries, and four RTG gantry cranes allowing the port to handle large-capacity vessels.

The Ports of Los Angeles and Long Beach delay consideration of the “Container Dwell Fee” until June 10.

Shanghai has lifted its Covid-19 related restrictions from June 1 paving the way for the full resumption of production and operations in the city after more than two months of lockdown.

A.P. Moller - Maersk has announced the closing of its acquisition of global freight forwarder, Senator International for US$644M.

CMA CGM has announced the launch of a new service connecting Asia and Latin America as part of its expansion plans in the region.

Vessel delays are finally abating somewhat, and the terminal congestion indicators are also showing signs of improvement.

CMA CGM will no longer be transporting plastic waste on board its ships as of June 1.

China's major ports handled over 23 million TEUs of containers in May, up 4.2% from a year ago.

The improvement reversed in container line schedule reliability in March was reversed in April, according to Sea Intelligence.

Ocean Network Express signed shipbuilding contracts to construct five vessels each, adding a total of ten 13,700 TEU vessels to its fleet.

May saw the highest-ever monthly increase in long-term contracted ocean freight rates, according to Xeneta.

The United States has named Retired General Stephen R. Lyons as the new port and supply chain envoy.