CMA CGM Group has announced a peak season surcharge on cargo transported from Northern Europe to the United States. The fee is set at $150 for a 20-foot container, and $300 for both 40-foot and 45-foot containers. Additionally, the charges vary depending on the type of container, prompting cargo owners to stay vigilant regarding these changes.
Air Macau has partnered with AVS GSA to expand its air freight business in Thailand. Both parties will collaborate on sales and marketing, operational support, and customer service to drive market growth and enhance service quality, in response to the increasing demand for air freight.
The shipping market between China and the United States is facing significant challenges due to trade friction, with over 80 voyages canceled and a sharp drop in market demand. This indicates that the global supply chain may encounter more profound impacts in the future.
Maersk announced it would stop transporting goods for 97 companies related to Israeli settlements due to a stricter human rights screening process, despite still participating in the transportation of F-35 projects through its subsidiaries.
Freight rates on US routes continue to decline, with the SCFI index falling for three consecutive weeks. The oversupply situation has made companies cautious about shipping, leading to concerns among industry insiders about future rate drops. Despite pressures from the global trade landscape, the market still hopes for a rebound in rates with the arrival of the traditional peak season.
Daya Mahs Port is set to expand its southern wharf by adding 350 meters of dock and heavy storage facilities to meet the demands of large infrastructure projects. This initiative aims to enhance the port's handling capacity and promote regional economic development, with planning permission expected by 2026.
Norwegian Eitzen Group has secured $19 million in funding to build the world's largest all-electric container ship, promoting sustainable shipping development and marking significant progress in the shipping industry's transition towards electrification.
The Hamburg Port Authority of Germany has announced multiple railway closures starting from August 2025 due to the renovation of the Finkenwerder Bridge, which will affect major container terminals at Hamburg Port. Additionally, there are plans for closures at northern ports, and shippers should arrange shipments in advance and pay attention to congestion at the ports.
Cathay Cargo successfully airlifted 10 Terracotta Warriors and over 200 cultural artifacts from Xi'an to Australia for a significant exhibition. With professional monitoring and efficient transportation throughout the journey, the artifacts arrived safely, showcasing Cathay Cargo's expertise and commitment to cultural heritage.
MSC's Terminal Investment Limited will acquire an 80% stake in CK Hutchison's global port portfolio for $22.8 billion, spanning 43 terminals, making it the largest container terminal operator in the world. The acquisition raises concerns about fair market competition, particularly regarding its potential impact on the Panama ports.
