Friday, December 2, 2022

News

Maersk all clear to take to the skies with Senator International

Flush with a USD19.29 billion revenue (+55%), USD6.78 billion net income and a USD 6 billion free cash flow (+154%) in the first quarter...

Mutually enforceable contracts are key to overcoming future supply chain crunch – Fact Finding 29

- Drastic ocean freight rate increase due to market forces of supply and demand - A dozen recommendations made to alleviate US supply chains disruptions -...

Hapag Lloyd completes acquisition of Deutsche Afrika Linien (DAL)

- Deal completed after approval by worldwide antitrust authorities - Acquisition supports Hapag-Lloyd’s strategy to further grow in the South African market   Hapag-Lloyd today successfully closed...

18th May 2022 – The first International Day for Women in Maritime

  Maritime Transportation has been and still remains the backbone of global trade since the Egyptians, Greeks, Romans, Arabs, Indians, Chinese, and Europeans all started...

Port of Long Beach boosts rail capacity

The Port of Long Beach has completed the construction of a new rail project that will increase the efficiency of goods movement and reduce...

Easter Sunday rising as Ever Forward is refloated

"An outstanding Easter Sunday rising" is how William Doyle, Executive Director of the Port Baltimore has termed the refloating of the Ever Forward on...

Countless containers washed away as heavy rains and floods pulverizes Durban

Below were some of the scenes playing out in the port city of Durban which has been battered by heavy rains and floods in...

Supply Chain and Logistics visibility leader Tive raises $54M in Series B Funding

300%+ revenue growth, 200+ new global customers, and hired 100+ employees in 2021, six new investors in the B round, and thousands of shipments...

43 containers removed from Ever Forward as efforts to free the ship continue

As previously reported, the Ever Forward, a Hong Kong flagged ship stuck near Gibson Island in the Chesapeake Bay channel since the 13th of March 2022...

China/US spot freight rates set to fall even further warns Shifl

Trans-Pacific container spot freight rates between China and the US West Coast and US East Coast have been on a steady decline since peaking...

Bolloré Africa Logistics now a part of the world’s largest container line’s stable

In the latest episode of ocean carriers acquiring logistics businesses, MSC has confirmed in a statement that it has entered into a share purchase...

Total reliance of USA on China for container and chassis manufacturing questioned

"The primary causes of supply chain disruption were the massive swing of cargo in the spring and summer of 2020, the challenge in handling...

China reports normal trade and shipping activities – Shanghai lockdown update

"Shanghai Customs has taken special measures to ensure that customs clearance at the world's largest port for imports and exports will not be affected...

Supply chain disruptions expected as parts of Shanghai goes on lockdown

If anyone thought that the COVID-19 pandemic was a thing of the past, they are sadly mistaken.. It seems it is here to stay...

Spot freight rates continues to decline as US importers slow down on replenishments

Suffern, NY, March 22, 2022 – Transit times for containers moving between ports in China and their counterparts on the US West Coast declined...

Federal Maritime Commission turns the heat on opportunistic carriers for US exports

In response to complaints from the trade and market in general, the Federal Maritime Commission's (FMC) focus has been on assisting US importers with...

White House wants freight information to FLOW (Freight Logistics Optimization Works)

It took queues and queues of ships stuck outside global ports driven by surging consumer demand in the US, driven by a global pandemic...

International Association of Classification Societies withdraws Russian Register’s Membership

Any vessel over 100 GT (Gross Tonnage) irrespective of whether it is a cargo vessel, fishing vessel or passenger vessel, has to be registered and linked...

Are good times here, as Long Beach continues to topple records, achieving busiest February

Ongoing efforts to expedite the transfer of long-waiting cargo off the docks lifted the Port of Long Beach to its busiest February on record. Dockworkers...

Shypple offers support packages for Ukrainians

"Talk is cheap and won't help on its own. It’s insufficient to post about the war in Ukraine and say, ‘I stand by them.’...

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