Congestion at Singapore's container port is at its worst since the COVID-19 pandemic, a sign of how prolonged vessel re-routing to avoid Red Sea attacks has disrupted global ocean shipping - with bottlenecks also appearing in other Asian and European ports…
The U.S. trade deficit unexpectedly narrowed in November as imports of consumer goods fell to a one-year low amid slowing domestic demand, a trend that, if it persists in December, could result in trade having no impact on economic growth in the fourth quarter…
Prysmian Group has commissioned the inter-array cable system for the Fécamp offshore wind farm, located in the English Channel, offshore France.The Fécamp offshore wind farm is composed of 71 wind turbines with a total capacity of nearly 500MW…
Inbound cargo volume at the United States’ major container ports should continue to slow in the final weeks of 2023 after reaching its peak later than expected this fall, according to the Global Port Tracker report recently released by the National Retail Federation and Hackett Associates…
The concept of trading is about to take on a whole new meaning for shipping companies with implementation of the EU Emissions Trading System (EU ETS) for maritime from next year. As well as monitoring their emissions to meet reporting requirements…
The Panama Canal could further reduce the maximum number of authorized daily vessel transits if this year's drought continues, the waterway's administrator said on Tuesday.A backlog of ships is waiting to pass through the trans-oceanic canal…
With the official opening of the new steel plant of Termelés-Logistic-Centrum GmbH in Litér (Hungary), material handling equipment and cranes manufacturer SENNEBOGEN is expanding its capacity for steel assemblies and welded constructions.This 315…
Russia carried out its fourth drone attack in five days on Ukrainian port facilities on the Danube River on Thursday, damaging grain silos and other infrastructure on a vital export route for Kyiv, Ukrainian officials said.The attack on Izmail district in southern Odesa region lasted three hours…
The Longshore union and employers of 22,000 dockworkers at U.S. West Coast ports on Wednesday said they have reached a tentative deal on a new six-year contract, ending 13 months of talks and easing supply chain worries.The deal was reached with assistance from Acting U…
U.S. President Joe Biden has urged both sides in the West Coast ports labor dispute to continue collective bargaining, White House press secretary Karine Jean-Pierre said on Wednesday, adding acting Labor Secretary Julie Su was actively engaging with the parties…
Groups representing major retailers and manufacturers urged the White House on Monday to intervene in contentious West Coast port labor negotiations, citing worries about shipping disruptions during critical holiday shopping seasons.The call…
Market drivers have created a significant opportunity for Wallem to grow a specialised area of business, according to Capt. Anurag Mathur, Managing Director, Commercial Services, Wallem Group.Wallem’s portfolio of commercial services is ideally…
PortsToronto welcomed its first cruise ship of the 2023 season on Friday, April 28. The Viking Octantis officially launched another record-breaking cruise ship season which will see 54 ships and more than 22,000 passengers visit Canada’s largest city between May and October…
PSA Breakbulk has launched the Port of Antwerp’s first Project Cargo Ecosystem.The ecosystem is a one-stop shop breakbulk terminal facility located behind the locks on the south side of Churchill Dock. It offers infrastructure, equipment and…
Collapsing ocean shipping rates are not all good news for U.S. retailers, who paid as much as $20,000 to move a container of goods during the worst pandemic disruptions, as they now are bracing for delays due to plummeting demand.Carriers like…