The Baltic Exchange's main sea freight index fell on Friday, posting its first weekly fall in six weeks, weighed by lower panamax and supramax vessel rates.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities…
Chinese port workers have made progress to move a logjam of refrigerated containers that has disrupted supplies of fresh and frozen food and pushed up freight rates outside China amid the coronavirus outbreakFrench container carrier CMA CGM…
Leading container shipping firm A.P. Moller-Maersk scrapped its 2020 earnings forecast on Friday, while rival Hapag-Lloyd warned of slowing growth until at least June, as the coronavirus pandemic takes a heavy toll on global tradeThe container shipping industry…
TEL AVIV - Israel's largest seaport in the southern city of Ashdod is fully operational, with containers being unloaded at a similar pace to a year ago despite the global outbreak of coronavirus, the port's chairwoman said.Some 97% of cargo to Israel…
Latin America's largest port in Santos in Brazil will maintain regular operations, port operators said after meeting with dock workers and authorities on Wednesday to discuss measures to deal with the coronavirus outbreak.In a statement sent to Reuters…
HR Lines Limited announced it will launch a fixed day of the week user feeder service between Bangladesh, Singapore and Malaysia.The new Bangladesh Express Service (BES) will provide fixed day weekly port calls between Chattogram, Singapore and Port Klang…
Only 10 days ago, reports indicated that China cargoes were returning to pre-coronavirus levels, and there appeared to be light at the end of the tunnel. Today, however, a barrage of new headlines has underscored the impact on the rapidly changing global supply chain…
The widespread coronavirus outbreak has led the world's largest container carrier to suspend crew changes aboard its entire fleet of operated vessels until April 14, a Maersk spokesperson confirmed to MarineLink.The full statement from A.P.…
A.P. Moller - Maersk said it has teamed up with Zurich Insurance Plc (Zurich) to bring Maersk Cargo Insurance, a product to protect customers goods against physical loss or damage from the time they are first moved for loading until the completion of unloading at destination…
Marine terminals at at the United States’ second-busiest seaport have remained open and operating amid the unfolding coronavirus crisis, with regular vessel calls and scheduled work shifts continuing, the Port of Long Beach said.The port said…
The container and multipurpose terminal HHLA TK Estonia, the subsidiary of Hamburger Hafen und Logistik AG (HHLA), said that Riia Sillave has taken over as the new Chief Executive Officer (CEO) with effect from 15 March 2020.The 46-year-old Estonian…
Ukraine is not planning to ban grain exports, a senior government source told Reuters on Monday.President Volodymyr Zelenskiy had earlier called on his government to restrict food exports according to a list drawn up by the government of Ukraine…
Indonesia posted a larger-than-expected trade surplus in February with exports surging and imports contracting amid disruptions in global supply chains due to the coronavirus outbreak, data from the statistics bureau showed.Southeast Asia's largest economy had a $2…
Chinese steel futures hit their highest in nearly two months on Monday on signs of a recovery in demand, and as policymakers worldwide rolled out more stimulus measures to cushion global economies reeling from the coronavirus pandemic.The U…
China's business and travel activities are steadily recovering after being disrupted by the coronavirus outbreak, but rapidly rising infections globally will pose a challenge to the country's broader economic resumption.Nomura estimated in a research report on Monday about 61…