The resolution of a U.S. port strike is likely to keep global supply chain pressures on a calm footing, allowing for a continued slowdown in inflation, an index tracked by the New York Federal Reserve showed on Friday.The regional Fed bank's global supply chain pressure index…
“The Shanghai Containerized Freight Index (SCFI) fell another 10% in week 39. In total, the SCFI has dropped 43% during the third quarter, the largest Q3 drop in a year not affected by the COVID pandemic (2020-2023) since the SCFI was launched in October 2009…
The Cargo Integrity Group is calling on national administrations to carry out and report the findings of their container inspection programs, and for the IMO to continue collating and publishing the results in a publicly accessible form.The…
In February 2025, Maersk and Hapag-Lloyd will launch their Gemini Cooperation aimed at delivering a flexible and interconnected ocean network with schedule reliability above 90% once fully phased in.The companies unveiled the concept in January…
After completing a four-month trial, Singapore’s MPA now allows the night movement of line-towed container barges to and from Pasir Panjang Terminal (PPT) between 7:00 pm and 6:30 am.Such moves can be used to transport containers on barges into and out of the Port of Singapore and neighboring ports…
Transatlantic container shipping volumes into the United States are rebounding, the head of Hapag-Lloyd said on Monday, boosted by restocking and a rush to fill up inventories amid a risk of possible strike action at U.S. ports.Freight sector…
ICTSI’s Argentinian subsidiary TecPlata has become the first port in the country to obtain carbon neutral certification.The company acquired carbon credits certified by Verra’s Verified Carbon Standard (VCS). These credits are linked to the…
Oman's Salalah port reported a 16% decline in container volumes in the first half of the year as ships reroute around the southern tip of Africa to avoid missile and drone attacks in the Red Sea.The port, which is Oman's closest to the border with Yemen…
Monthly inbound cargo volume at major container ports in the US could see a near-record surge this month as retailers bring in merchandise ahead of a potential strike at East Coast and Gulf Coast ports this fall. The prediction for the container…
Ocean container shipping demand from China to North America and North Europe continued to break records in June, but the latest data from Xeneta indicates it may now have peaked.The June highs came as importers rushed to protect supply chains…
Manila International Container Terminal (MICT) has completed the commissioning of its three new quay cranes.“The acquisition of these new quay cranes represents a significant step forward to MICT’s expansion and modernization. Their addition enables us to handle cargo loads more efficiently…
Shipping giant CMA CGM said on Thursday that brisk international trade and Red Sea disruption supported its main maritime division in the second quarter and should limit any market slowdown later this year as new ship capacity arrives.The world's third-largest container shipping line reported a 6…
Representatives from Ports of Indiana and Port of Antwerp-Bruges have signed an Memorandum of Understanding (MoU) to advance key economic and environmental port initiatives.The agreement formalizes a plan to work together to advance economic development…
The dramatic spike in the ocean freight container shipping market is reaching its peak as importers push back against spiraling spot rates.Data released by Xeneta today, Monday, shows average spot rates from the Far East to US East Coast increased by 3…
India's Adani Ports and Special Economic Zone plans to ramp up its investment to 100 billion rupees ($1.20 billion) to boost its southern India transshipment container port, Bloomberg News reported on Thursday.The investment in Vizhinjam port…
