SHIPPING
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Photo credit: YouTube/StreamTimeLive Maersk omits Baltimore on all its services after ship it is chartering hits bridge
March 27, 2024 - Maersk said it is omitting Baltimore on all its services for the foreseeable future as it confirmed that the...
Port of NY/NJ says ready to ensure East Coast supply chain flow
March 26, 2024 - The Port of New York and New Jersey (Port of NY/NJ) said it is ready to assist Baltimore, and trade flows impacted when...
Shipping lines recorded highest combined Q4 EBIT loss in over a decade
March 26, 2024 - Shipping lines recorded a combined EBIT loss of US$1.44 billion in the fourth quarter of 2023, according to...
Georgia Ports Authority Board approves US$65M for Ocean Terminal
March 26, 2024 - The Georgia Ports Authority (GPA) has approved contracts totalling US$65.6 million for container yard work at the Port...
Drewry: Gemini’s strategy relies heavily on hub port performance
March 25, 2024 - The Gemini cooperation agreement between Maersk and Hapag-Lloyd will rely heavily on a small number of transhipment...
Bulk trade started 2024 on strong footing
March 25, 2024 Bulk trade has started strong in 2024, according to a new analysis by HSBC's Global Trade Monitor. It noted ...
Photo by Andy Li on Unsplash Ocean shipping's 2023 profitability close to pre-pandemic levels
March 22, 2024 Ocean liners saw a decline in revenue last year due to excess capacity, but figures indicate a return to pre-pandemic...
Freightos: Ocean rates keep sliding, but some rebound for air
March 21, 2024 Global ocean rates continued to decrease across the major tradelanes, according to a new analysis by Freightos, as most...
Photo by Milada Vigerova: https://www.pexels.com/photo/motorboat-sailing-on-rippling-water-surface-5984666/ Groups unite to combat illegal wildlife trafficking in global supply chains
March 20, 2024 Ten organisations have joined forces to combat illegal wildlife trafficking through increasing awareness and vigilance...
IMO to open a regional office in Fiji to serve the Pacific
March 19, 2024 The International Maritime Organization (IMO) will open its seventh Regional Presence Office (RPO) in Suva, Fiji, to...
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