To complement their existing service to India’s West Coast, Pacific International Lines (PIL) has announced the launch of a new weekly direct service connecting South China and North Vietnam to India’s West Coast.
The Great Lakes Seaway Partnership today reported that American and Canadian ports in the Great Lakes-St. Lawrence Seaway System handled 20,723,000 metric tons of cargo shipped through the St. Lawrence Seaway (Seaway) from the opening of the Seaway on March 22, 2021, through August 31, 2021 (i.e., Year-to-date or YTD).
One of the world’s biggest shipping lines has decided to stop increasing spot freight rates on routes out of Asia to Europe and the U.S. as it sees an end to the rally that has seen prices hit records.
The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the weight of Covid-19 drives freight prices ever higher.
In response to the continued strong Transpacific market demand and to further support the challenging service schedules for North America West Coast, MSC will announce two new weekly shuttles, connecting south and central China with Long Beach.
A state-of-the-art terminal with a capacity of 1.8 million TEUs to open in 2024 with an investment of AED 570 million (USD 154 million) in the new terminal which will make Khalifa Port a regional hub for three of world’s top four shipping companies.