The shipping and maritime sectors are transforming. From digitisation to stringent environmental protection laws to changing shipping container dimensions, new technologies, amendments, regulations, etc., are continuously added to the industry. One of the most significant transformations in the history of shipping and the maritime sector was the introduction of the first cargo container, which drastically reduced the…
IMSBC Code or the International Maritime Solid Bulk Cargoes Code Transportation of solid bulk cargo on bulk carriers involves many risks that need to be managed to ensure the safety of the vessel and the crew on high seas. Some of these risks include reduced ship stability, capsizing due to cargo liquefaction, explosions or fire…
Launched in August 2023, the Shanghai INE EC container freight futures contract, based on the SCFI’s China – North Europe sub-index, managed to find its footing in 2024, gaining increasing acceptance as a hedging tool among Chinese as well as some first European forwarders and shippers. Shanghai container freight futures started 2024 at around 1,850…
Vietnam’s import and export turnover in 2024 will reach 786,29 billion USD, of which the trade surplus will be 24,77 billion USD. In December, total turnover Export and import of goods reached 70,53 billion USD, up 6,2% over the previous month and up 15,9% over the same period last year. Export turnover of goods in December…
Port of Chittagong achieved a 7.4% growth in container handling in 2024 compared to 2023, despite severe political unrest and recurrent floods. The major port of Bangladesh handled a total of 3.276 million TEUs in the just concluded year, compared to 3.05 million TEUs in 2023, which is a record in the history of the…
Ocean rates out of Asia overall trended up slightly to end the year, but with the Lunar New Year (LNY) approaching and a range of January GRIs announced for the transpacific, container prices on these lanes could face upward pressure to start 2025. A seasonal decrease in demand starting later in February should see rates…
On 24 December, PSA Singapore (PSA) achieved a remarkable milestone by handling over 40 million TEUs in 2024. This record-breaking performance surpasses the previous annual high of 38.8 million TEUs achieved in 2023. Ong Kim Pong, Group CEO, of PSA International, stated: “This record throughput for PSA’s flagship terminal in Singapore is a remarkable milestone and…
As we welcome 2025, we extend our heartfelt gratitude and best wishes to everyone who has been part of our journey: 𝐓𝐨 𝐨𝐮𝐫 𝐯𝐚𝐥𝐮𝐞𝐝 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬: Thank you for trusting us as your partner. Your support drives us to continually improve and deliver the best service possible. May the new year bring you success and prosperity….
Artificial Intelligence (AI) has emerged as a transformative force within Vietnamese enterprises, aligning with the broader trends of digital transformation and Industry 4.0. Artificial Intelligence (AI) has emerged as a transformative force within Vietnamese enterprises, aligning with the broader trends of digital transformation and Industry 4.0. From optimising business processes to creating new value propositions,…
As of October 2024, Vietnam has signed and implemented 17 Free Trade Agreements (FTAs) and is negotiating two more. Expanding its FTA network underscores Vietnam’s commitment to economic integration, offering substantial opportunities to deepen its role in global value chains, boost exports, drive GDP growth, and enhance institutional frameworks. Key Benefits of Vietnam’s FTA Network…