Container volume and cargo throughput at Chinese ports both achieved positive growth in the first quarter of this year.

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Yangshan and Salalah top container port efficiency index

Yangshan and Salalah top container port efficiency index. Malaysia’s Port of Tanjung Pelepas (PTP) is a new entrant in the top five of the latest Container Port Performance Index (CPPI) 2023, while Cartagena has moved up to number three. The CPPI report by the World Bank and S&P Global Market Intelligence ranks ports by efficiency, focusing on the duration of [...]

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Container spot rates expected to continue rising in June

Container spot rates expected to continue rising in June. Drewry’s World Container Index (WCI) was up 12% week-on-week on 6 June at $4,716 per feu. Meanwhile the Shanghai Containerized Freight Index (SCFI) on 7 June stood at 3184.87 points, a 4.6% increase, slowing from the previous week’s double-digit percentage jump that took it to levels not seen since August 2022. [...]

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South Korea to beef up supply chain resilience by tapping Malaysia and Asean

South Korea to beef up supply chain resilience by tapping Malaysia and Asean. KUALA LUMPUR (June 9): South Korea is enhancing its supply chain resilience by intensifying collaborations with Asean countries, particularly Malaysia, in response to the escalating United States-China economic rivalry. South Korea’s special envoy for Indo-Pacific affairs, Chung Kee Yong, told Bernama that his country is currently prioritising [...]

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