Price war as carriers compete for cargo driving down container spot rates
Container spot freight rates on the major east-west liner trades experienced another week of decline, ...
Footage of a Karachi shipping accident has gone viral after a port worker recorded two boxships colliding at the South Asia Pakistan Terminal, yesterday. Splash 247 reports the video on social media shows Hapag Lloyd’s 8,000 teu Tolten colliding with the 6,500 teu Hamburg Bay. Local reports claim the incident left at least 50 containers in the water.
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