Shipping

Yang Ming Expands Latin America Network with New Far East Trade Services

Reporter

Admin

May 9, 2026 0 Comments

Yang Ming Marine Transport Corporation has expanded its Far East–Latin America service portfolio through new slot arrangements with HMM and Ocean Network Express (ONE), strengthening connectivity across both the East and West Coasts of South America.

The expansion includes West Coast coverage via the NWX/AX4 service, which has been extended to include Yokohama, alongside East Coast access through the FL2/SX2 string. The enhanced services will connect major Asian trade hubs with key ports across Latin America, supporting growing cargo flows between the regions.

The West Coast rotation will cover ports including Shanghai, Ningbo, Qingdao, Busan, Ensenada, Lazaro Cardenas, Manzanillo, Callao and Guayaquil before returning to Shanghai. Meanwhile, the East Coast network will connect Busan, Shanghai, Shenzhen, Singapore, Rio de Janeiro, Santos and Itapoá, along with Southeast Asian ports such as Cai Mep and Haiphong.

The move marks a significant step in Yang Ming’s strategy to deepen its presence in the Latin American trade lanes amid rising carrier focus on the region and evolving global shipping demand patterns.

Shipping

View more
Hapag-Lloyd Deepens West Africa Push with Benin Expansion and New Peak Season Surcharges

Hapag-Lloyd has strengthened its West Africa strategy with the launch of a new office in Cotonou alongside the introduction of fresh Peak Season Surcharges (PSS) on shipments from Asia and Oceania to multiple West African destinations. Scheduled to commence operations on May 20, the new Cotonou office marks a significant expansion of the carrier’s regional footprint under its Strategy 2030 growth roadmap. The move is aimed at enhancing customer proximity and delivering more localised shipping and logistics support in a market increasingly viewed as a strategic gateway for regional trade. Driven by rising trade activity and infrastructure investments, Benin — particularly the Port of Cotonou — has emerged as a key logistics hub serving both domestic cargo demand and neighbouring landlocked markets such as Niger and Burkina Faso. Commenting on the development, Jesper Kanstrup said the dedicated office would strengthen the company’s local engagement while supporting long-term trade growth across West Africa. Alongside the regional expansion, Hapag-Lloyd has also announced new Peak Season Surcharges effective from May 10, 2026, covering cargo movements from Asia and Oceania to ports including Tema, Lomé, Abidjan, Cotonou, Apapa, Tincan Island and Onne. The revised surcharge structure reflects continued demand pressures and operational dynamics across the trade lane. The twin developments underscore Hapag-Lloyd’s growing focus on emerging African markets as global carriers continue recalibrating network strategies and strengthening regional logistics capabilities.

Admin May 9, 2026 0

Yang Ming Expands Latin America Network with New Far East Trade Services

In a significant move, the Gujarat Maritime Board has announced the decision to upgrade and modernise four ports located in the state.

Gujarat Maritime Board To Upgrade Four Major Ports

Union Minister Sarbananda Sonowal addressing 10th edition of Indian Ocean Dialogue

Women’s participation in India’s Maritime Sector surges 340% since 2020: Sonowal

Major Indian ports’ cargo contract by 3.2% to 68.22 mmt in October

India's major ports experienced a very rare 3.2% year-on-year fall in cargo through October 2024, as official data showed. The total cargo handled at these 12 major ports fell to 68.22 million metric tonnes. A drastic fall in both crude oil and coal imports dragged down the figures. The overall cargo decreased mainly due to a decrease of 5.5% for overseas cargo, which consisted of 52.9 mmt. However, the domestic coastal shipping increased by 5.3% to 15.9 mmt. Crude oil, which comprised nearly 20% of the total cargo traffic, decreased by 8.8%, lowering to 12.9 mmt. The quantity of petroleum products also decreased, leading to the general decline. Its traffic, the most significant revenue earner, was down 13% versus last year, and declined even sharply because of the sharp fall in volumes of non-thermal coal. Yet, with the festival season, October usually witnesses higher cargo volume and the containerised volumes at the government-controlled ports were essentially flat with just a minus 0.2%. Contrasting that, India's overall merchandise exports grew by 17% as its pace marked a 28-month high led primarily by inventory build-up before Christmas and New Year time. On a positive note, private ports witnessed 5.7% growth in cargo volume to 64.2 mmt. Container volume at the private ports has seen an exponential growth of 21.5%, which actually speaks about festival season boosters. Adani Ports and Special Economic Zone, the largest private port operator in the country, reported an 8% Y-o-Y growth in total cargo handled, at 257.7 mmt, pulled up by 19% growth in container volumes and 9% liquid and gas cargo. As of the fiscal year 2024-25, traffic at major ports has increased by 3.9%, with the total touching 481 mmt. However, some individual ports saw drastic falls, as does the Kolkata Port that slipped down 25% in handling cargo whereas Visakhapatnam Port fell by 15.5% for October.

Admin November 25, 2024 0

Global container fleet expands rapidly with record deliveries, raising future supply chain impact

Bangladesh Shipping Ministry issues strict directive on sanctioned vessels and cargoes

DP World boosts supply chain resilience with acquisition of 47,000 branded TEUs

Kolkata and Haldia Ports face significant decline in cargo handling

The Syama Prasad Mookerjee Port, Kolkata (SMPK), and the Haldia Dock Complex have experienced a notable downturn in cargo handling during the first half of the fiscal year 2024, reporting an 8.7% decline in combined cargo volumes. In stark contrast, 12 major ports across India collectively achieved a 5% increase in cargo handling during the same period. Key to this decline is the substantial drop in coking coal volumes, which constitutes a major portion of the cargo for these ports. In the April-September 2024 period, coking coal handling plummeted by 33% compared to the previous fiscal year. SMPK handled 28.54 million tonnes (MT) of cargo in this timeframe, a decrease from 31.26 MT last year. The Kolkata Dock System (KDS) was hit particularly hard, with a significant 15.18% drop in tonnage, falling from 8.38 MT to 7.11 MT. Meanwhile, the Haldia Dock Complex recorded a 6.34% decline, with volumes dropping from 22.88 MT to 21.42 MT. Notably, apart from SMPK, only Mormugao port in Goa recorded a cargo handling decrease of 5.67%. Conversely, the 12 major ports together processed 413.74 MT of cargo in the first half of FY24, up from 393.9 MT during the same period last year. The primary factor contributing to SMPK's cargo decline is the diversion of coking coal shipments to nearby ports such as Paradip and the Adani-owned Dhamra, which offer deeper drafts. For instance, coking coal handling at SMPK dropped to 6.86 MT in H1FY24 from 10.22 MT in H1FY23, while Paradip's volumes increased by 1 MT to 8.4 MT. The ongoing spike in seaborne bulk cargo rates, driven by geopolitical tensions in the Red Sea, has further exacerbated the situation. Importers have increasingly avoided anchorages like Sandheads, leading to decreased traffic. The limited draft at Haldia restricts larger vessels, significantly increasing logistics costs and limiting economies of scale for importers. SMPK officials remain hopeful that coking coal volumes will rebound with the onset of fair weather in October, potentially stabilizing operations. Source: The Statesman

Admin October 17, 2024 0

Government to divest 5% stake in Cochin Shipyard Ltd amidst strong financial performance

Regional Container Lines expands India service with MV Hemma Bhum inaugural voyage

Adani Ports reports 14% Y-o-Y increase in cargo volume for September

0 Comments