Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Shipping Freight Hike May Make Goods Costlier

Maersk ship

The Maersk shipping line has implemented a hike in rates of up to US$100 ($130) on containers moving from the United States to the Far East effective November 1.

The Danish shipping and oil and gas company announced that the increase is US$90 ($117) for 20-foot containers and $100 for 40-foot, 40-foot [...]

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Global container traffic falls 6 percent at key ports

Container terminal in Hong Kong

Ship container volumes at the world’s top nine ports fell by 6 percent in September from the previous month, an indication of weakening demand in global trade, said market intelligence provider Alphaliner.

“Volumes are expected to remain weak throughout the coming four months, as the seasonally weak winter period [...]

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