U.S. beef exports through the Port of Oakland have risen sharply this year despite shipping disruptions that have hobbled global supply chains.According to the port, its beef exports—which are almost exclusively bound for Asia—increased 25% between January and July…
Exports of green coffee from Brazil, the world's largest producer, fell 27% in August from a year earlier to 2.33 million bags as difficulties to find containers and space at vessels increased in the last weeks, industry group Cecafe said on Monday…
French container shipping group CMA CGM said on Thursday it was stopping all increases in its spot freight rates until February in a gesture to customers after a surge in shipping costs during the coronavirus pandemic.The pandemic has strained…
As ports and hinterland transport struggle to keep up, delays at ports are soaking up capacity leading to frustration on the shippers’ side and leaving carriers struggling to keep up all the while making record profits, shipping organization BIMCO reports…
China’s exports unexpectedly grew at a faster pace in August thanks to solid global demand, helping take some of the pressure off the world’s second-biggest economy as it navigates its way through headwinds from several fronts.The Asian giant…
The Port of Long Beach announced it has completed a new container terminal, which it ranks as one of the world's most technologically advanced cargo facilitiesThe Long Beach Container Terminal at Middle Harbor is equipped with nearly all electric…
Several Chinese ports are facing congestion as vessels due to call at Ningbo are being diverted and cargo processing is slowed partly due to stricter disinfection measures under China's 'zero-tolerance' coronavirus policy.On Tuesday, more than 50 container vessels were queuing at Ningbo port…
U.S. import prices increased less than expected in July, a sign that inflation pressures may have peaked as supply chain bottlenecks that have impacted the U.S. economy start to wane.Import prices rose 0.3% last month after jumping 1.1% in June…
Ports and shipping companies are diverting vessels from a container terminal in China's busiest marine transportation hub which was forced to close after a coronavirus case emerged, as the pandemic strains global supply amid rising retail orders…
This spring, the M/V Saga Welco Indiana departed the port of Qingdao, China, with 600 new refrigerated shipping containers on their way to be put into service at Alaska Marine Lines. These units are the latest addition to Alaska Marine Lines' fleet of nearly 29…
MPC Container Ships ASA announce on Tuesday that it has completed its acquisition of Songa Container AS.MPC announced in June that it had entered the share purchase agreement to acquire 100% of Songa shares for $210.25 million on a debt and cash free basis…
Four investment groups are looking to acquire the Israeli port of Haifa estimated to be valued as high as $600 million with formal bids expected towards October, sources with knowledge of the matter said.Israel is selling its state-owned ports…
Seaspan Corporation announced it has forward fixed contracts for 10 containerships with a 'major liner customer', bringing the company's total 2021 forward fixtures to 58 vessels, or approximately 50% of its time chartered fleet.The vessels…
China’s robust export growth likely moderated in July amid an acceleration in COVID-19 cases globally and continuing severe pressure on global supply chains, a Reuters poll showed on Friday.Although there are signs China’s strong industrial…
The world's biggest container shipping company, A.P. Moller-Maersk, on Monday lifted its full-year earnings outlook after reporting strong preliminary quarterly results as chaotic conditions in the global supply chain pushed freight rates higher…