SHIPPING
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Shippers brace for spiking rates; Maersk, CMA CGM returning to Suez
January 2, 2024 - Widespread carrier diversions away from the Red Sea and Suez Canal to avoid the threat of Houthi attacks are impacting...
Schedule reliability drops -2.5 percentage points in November
January 2, 2024 - Global ocean schedule reliability recorded the first proper month/month (M/M) decline in November 2023, dropping -2.5...
CMA CGM announces Red Sea charge, reroutings
December 21, 2023 - CMA CGM has announced additional measures in its Red Sea operations amid increased attacks on commercial vessels in the...
Sea-Intel: Asia to North America East Coast trade to suffer brunt from reroutings
December 21, 2023 - Sea-Intelligence said the sharp escalation of the security situation in the Bab-al-Mandeb strait off the coast of...
PSA BDP expands European footprint to Lisbon
December 19, 2023 - Global logistics and supply chain solutions provider PSA BDP has announced the opening of its first office in Lisbon,...
CMA CGM reroutes vessels via the Cape of Good Hope following Red Sea threats
December 19, 2023 CMA CGM said it will reroute some of its vessels away from the Red Sea amid escalating attacks on ocean carriers in the...
TAC Index: Air cargo peak season for 2023 appears to be peaking
December 18, 2023 The air cargo peak season for 2023 appears to be peaking, according to the latest data from the TAC Index. The price...
Port of Long Beach receives US$283M for on-dock rail support facility
December 18, 2023 The Port of Long Beach announced that it would receive US$283 million from the federal government to assist in building...
US initiates "Operation Prosperity Guardian" to safeguard shipping in the Red Sea
December 18, 2023 The United States (US) has initiated Operation Prosperity Guardian, a multinational security initiative aimed at...
BIMCO calls for immediate end to attacks on international shipping
December 16, 2023 BIMCO — one of the largest of the international shipping associations representing shipowners — has stepped up its...
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