SHIPPING
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Red Sea disruptions, LNY push air cargo demand
February 5, 2024 - January's worldwide air cargo demand showed a significant increase compared to last year, according to Flexp...
Port of New York and New Jersey is the US' second busiest port in 2023
February 1, 2024 - The Port Authority of New York and New Jersey (Port of NY/NJ) became the country's second-busiest in 2023. Por...
Dry bulk watches Evergrande liquidation after 16.5% drop in real estate investment
January 31, 2024 - The dry bulk sector is closely monitoring the liquidation of Chinese property developer, Evergrande, a main driver of...
Signs ocean rates may be peaking, disruptions decreasing as LNY nears
January 30, 2024 - As attacks on commercial vessels at the Red Sea persist despite US and UK strikes in Yemen, a new analysis by Freightos...
Georgia Ports achieves record year for autos, but decline in container volumes
January 30, 2024 - The Port of Brunswick handled a record 775,565 units of autos and machinery in the calendar year 2023, an increase of...
Ocean shipping schedule reliability drops in December
January 29, 2024 Global ocean schedule reliability declined anew in December, dropping -5.0 percentage points month/month (M/M) in the...
Iloilo Port set for modernization as ICTSI secures 25-year concession
January 29, 2024 The Philippine Ports Authority (PPA) has awarded International Container Terminal Services Inc. (ICTSI) a 25-year...
THE Alliance suspends Asia – Red Sea service over security threat
January 27, 2024 THE Alliance — which consists of Hapag-Lloyd, ONE, HMM, and Yang Ming — is suspending its Asia – Red Sea 1 (AR1)...
ONE gets approval in principle for ammonia dual-fueled vessel
January 27, 2024 Ocean Network Express Pte. Ltd (ONE) has been awarded "Approval in Principle (AiP)" for an...
Ocean rates up, but may be reaching ceiling from pre-Lunar New Year demand
January 26, 2024 Though US and UK strikes on Houthi positions continue this week, so do Houthi attacks on Red Sea vessels, with United...
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