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WHAT IS HIGH SEA SALE IN SHIPPING?
WHAT IS HIGH SEA SALE IN SHIPPING?

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The term ‘sale’ is generally described as the exchange of goods or services for financial consideration. It does not mention where a transaction should take place to qualify as a sale. Hence, it must be assumed that sale transactions or contracts can be made or drawn up from anywhere – land, sea, or air.  
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MSC LEADS THE CHARGE AS TRANSPACIFIC CONTAINER SERVICE CULLS BEGIN
MSC LEADS THE CHARGE AS TRANSPACIFIC CONTAINER SERVICE CULLS BEGIN

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MSC confirmed today that demand from China to the US west coast had significantly reduced” and it would be “taking certain actions” to rebalance its capacity, starting with the suspension of an entire service.
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‘Hard landing’ forecast for container freight rates
‘Hard landing’ forecast for container freight rates

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Container shipping has been warned to brace for a hard landing rates-wise as multiple indices around the world plunge further.
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MSC could face default penalty in MCS’ FMC complaint
MSC could face default penalty in MCS’ FMC complaint

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MSC is facing a default judgement from the US Federal Maritime Commission (FMC) in the complaint brought by US furniture maker MCS Industries, after the Swiss-Italian liner giant failed to submit documents that the FMC had ordered to be turned over as part of the proceedings.
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TYPHOON MUIFA TO SHUT CHINA PORTS FOR SECOND TIME IN 10 DAYS
TYPHOON MUIFA TO SHUT CHINA PORTS FOR SECOND TIME IN 10 DAYS

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Another typhoon has prompted the ports of Shanghai and Ningbo to close for the second time in 10 days, with forwarders expecting a “ripple effect” of shipping delays.  
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SUEZ CANAL TO HIKE TRANSIT TOLLS IN 2023
SUEZ CANAL TO HIKE TRANSIT TOLLS IN 2023

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Tolls for vessels using the Suez Canal are set to rise by 15% next year with the exception of dry cargo and cruise ships which will increase by 10%.
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