Hapag-Lloyd increases rates from North Europe and Mediterranean

Hapag-Lloyd has unveiled new ocean tariff rates for shipments from North Europe to destinations including India, Pakistan, the Red Sea, and the Arabian Gulf.

The updated rates will apply for 20’ and 40’ dry containers, as well as high cube equipment. This adjustment will take effect for sailings commencing on 14 March and will remain valid until further notice.

US$ per 20′ dry container

From* To* Current base rate level New base rate level Delta
North EuropeKarachi9001050150


Russian pipeline gas exports to Europe rise 4% in February m/m – Reuters calculations

Average daily natural gas supplies to Europe by Russian energy giant Gazprom were up 4% in February from average January levels and rose by almost 26% from the same month of 2023, Reuters calculations showed on Thursday. The calculations, based on data from the European gas transmission group...


Indian secondary steelmakers urge government to ban low-grade fines exports

Some secondary steelmakers in India have asked the government to ban the export of low-grade iron ore fines to ensure more availability in the subcontinent, amid the preference for the material in key importers such as China for steel production. The Chhattisgarh Sponge Iron Manufacturers...


Singapore: TotalEnergies to Supply Sembcorp with 0.8 Mtpa of LNG for 16 Years

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed a sale and purchase agreement (SPA) with Sembcorp Fuels, a wholly owned subsidiary of Singapore-based Sembcorp Industries. The deal entails the delivery of up to 0.8 million tons of liquefied natural gas (LNG) per annum (Mtpa) for a duration...


CMA CGM applies new peak season surcharge from Egypt to West Africa

French ocean carrier CMA CGM has announced a new peak season surcharge (PSS) from Egypt to West Africa.

The new surcharge will commence on 4 March and will be effective until further notice. The PSS will be US$100 / container and will be applied only to dry cargo, according to the company’s announcement.

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Rare shipment of Argentina’s medium sour Canadon crude oil discharges in Hawaii

A rare shipment of Argentina’s medium sour Canadon crude oil discharged in Hawaii last week, ship tracking data showed. About 250,000 barrels of Canadon crude, which is rarely offered for export, was loaded on the ship Captain Michael late in December and headed to Par Pacific Holdings’ refinery in...


CN analysis: Freight rates on major Indian trades see downward corrections after January highs

After spiking dramatically amid the Red Sea crisis-linked shipping disruption, container freight rates seen on trades out of India have held firm or even declined in some cases in February, month-on-month, according to the latest market analysis by Container News.

On the westbound India-Europe trade, average short-term contract rates for 20-foot container bookings from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gateway (UK) have been steady at...


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