In accordance with the assessment of Drewry Supply Chain Advisors, the container rates this week remained fully stable. As it is mentioned, their composite World Container Index remains unchanged at $1,852 per 40-foot container.
Cocaine, weighing over 49,000 pounds, was seized during 15 separate interdictions by the U.S. Coast Guard Cutter Stone during operations in the eastern Pacific Ocean.
World-first GCMD ‘pay-as-you-save’ ship energy efficiency fund to offer upfront finance for up to 100% of retrofit costs.
HD Hyundai has passed a major milestone with the delivery of its 5,000th ship, making it the most prolific shipbuilder in history - all in just 50 years.
The Chinese Embassy in Greece has unleashed strong criticism on the United States and its new ambassador to the Hellenic Republic after comments calling COSCO’s ownership of a Greek port “unfortunate,” and suggesting there were ways around it, including the sale of Piraeus. It is the latest criticism by the Trump administration of China’s global port strategy and follows the insistence earlier this year that China was controlling the Panama Canal.
Taiwanese carrier TS Lines is adding more tonnage to its growing fleet with a fresh order for up to four 2,900 teu containerships at China’s Fujian Mawei Shipyard. The Hong Kong-listed owner has signed for two firm vessels with options for two more, although pricing and delivery dates have not been revealed.
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The use of a generic safety management system and a lack of adequate controls to manage risk led to a potentially dangerous blackout and loss of control as a vessel was maneuvering at the Port of Brisbane earlier this year, reports the Australian Transport Safety Board (ATSB).
Latest shipping traffic data points toward a rise in Suez Canal transits, with authorities in Egypt hoping the recent truce announced by the Houthis will lead to a full-scale return to normal traffic on the artery connecting trade between Asia and Europe.
The Port of Los Angeles processed 848,431 twenty foot equivalent Units (TEUs) in October, a steady showing that puts the busiest U.S. container gateway closer to an unprecedented record.
