SHIPPING
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Baltimore bridge collapse likely to have some regional impact
March 27, 2024 - A new Freightos report said the collapse of the Francis Scott Key Bridge after it got hit by the container vessel Dali...
1600x960_24613-colomboport3 East Mediterranean hubs suffer as Red Sea crisis persists
March 27, 2024 - The re-routing of mainline vessels via the Cape of Good Hope has resulted in a steep downturn in vessel call capacity...
S&P: Baltimore bridge reconstruction, cargo delays likely to be extensive
March 27, 2024 - A new S&P Global Market Intelligence report says the reconstruction of the Francis Scott Key Bridge in Balti...
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...
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