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…
A U.S. Federal Maritime Commissioner said he sees some normalcy returning to trans-Pacific shipping amid widespread upheaval brought on by the coronavirus outbreak.Many Chinese manufacturing and logistics services have been severely hampered by the COVID-19 pandemic…
Severe congestion at Chinese ports is easing, say officials and industry participants, although a logjam of refrigerated containers has disrupted supplies of fresh and frozen food and pushed up freight rates outside China.Thousands of refrigerated containers carrying meat…
Dubai state controlled port operator DP World's revenue grew 36.1% in 2019, but it says the near-term outlook remains “a cause for concern” due to global trade disputes and the coronavirus outbreak.DP World, one of the world’s largest port operators…
February container volumes through America's largest cargo port were down significantly as the novel coronavirus continues to wreak havoc on global shipping.The Port of Los Angeles reports it moved 544,037 Twenty-Foot Equivalent Units (TEUs)…
The end of the 2019 saw some unprecedented funding measure pass through Congress and signed into law by President Trump. The Gulf and East Coast have continued to receive significant funding to help deepen and widen navigational channels and gateways…
The number of container ships travelling from China to the port of Rotterdam seems to have recovered slightly, as coronavirus measures that had significantly curbed traffic from China have been eased, the port's CEO said on Monday.'A few weeks…
