Francois Mayor nudged back on the power and made a subtle adjustment on the wheel as he coaxed his cargo vessel through a narrow point in the Suez Canal—not the Egyptian one, but a replica in the middle of a French forest.This stretch of water…
Shippers and carriers will soon have more flexibility in meeting service contract filing requirements as the result of a rule change approved by the U.S. Federal Maritime Commission (FMC) going into effect on June 2, 2021.The final rule amends…
APM Terminals Pipavav secured PIC 2, a new weekly service from Port Pipavav to Jebel Ali marking seamless weekly connectivity to Jabel Ali. The new service is scheduled to reach Pipavav on every Wednesday through the ports of Jebel Ali, Kandla…
The six-day blockage of the Suez Canal by the Ever Given has resulted in numerous trade and supply chain disruptions for businesses that depend on timely shipments. At least 400 cargo ships were stuck and many forced to reroute. Businesses may…
The Port of Oakland reported all-time high container volume for import and export cargo in the month of March amid an ongoing trade boom exploding through U.S. ports.The port said Oakland received the equivalent of 97,538 20-foot import containers in March…
A ship that blocked the Suez Canal for almost a week in March has not been given clearance to leave the waterway as discussions continue over a compensation claim made to the vessel’s owner Shoei Kisen, an official from the Japanese company said on Tuesday…
Take a look around you.Perhaps you’re snacking on a banana, sipping some coffee or sitting in front of your computer and taking a break from work to read this article. Most likely, those goods—as well as your smartphone, refrigerator and virtually…
A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry sources say.Dozens of container ships were…
French shipping company CMA CGM said its 23,000-TEU mega ship CMA CGM Jacques Saade has set a new world record for the highest number of full containers loaded on board a single vessel.The ultra-large containership (ULCS)—the world's largest…
Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic in the Suez Canal, industry sources said, with payouts expected to run into hundreds of millions of dollars.International supply chains were thrown…
South Carolina Ports handled the most cargo in its history in March, with the Port of Charleston handling record volumes as the Hugh K. Leatherman Terminal begins operations.SC Ports reported an all-time container record for March, moving 248…
Container shipping giant MSC Mediterranean Shipping Company doubled down on its position to avoid sending its vessels through the Northern Sea Route and urged others to follow suit, citing environmental concerns.“As a responsible company, this was an obvious decision for us…
The stranding of a container ship in the Suez Canal has created disruptions in the global shipping industry that could take weeks and possibly months to clear, top container shipping lines said.Around 30% of the world’s shipping container volume - including goods like sofas…
The blocking of the Suez Canal by one of the world’s largest container ships is likely to result in losses worth hundreds of millions of euros for the reinsurance industry, Fitch Ratings said, even as rescue teams were successful in partially refloating the vessel on Monday…
A stranded container ship blocking the Suez Canal threatens to make it even more difficult for European and U.S. retailers to keep products in stock during the coronavirus pandemic.The Suez Canal saga that began on Tuesday and could go on for weeks…
