Singapore Authorities Take Action to Reduce Port Congestion
MARITIME Port Authority Singapore (MPA) and port operator PSA have held discussions with carriers to address the worsening vessel traffic at the world’s second-busiest port.
Houthi Attack on Prestige Falcon Deadliest Yet; 16 Crew Missing
None of the 16 crew of the Prestige Falcon has yet been found, following the sinking of the 7,056dwt product tanker on Monday, meaning that this looks to be the deadliest Houthi st
CMA CGM Ship Loses 44 Containers in South African Storm
A CMA CGM containership lost 44 containers overboard amid heavy weather off the coast of South Africa on Tuesday. The incident occurred while the CMA CGM Benjamin Franklin was en r
ATOS Breakbulk project delivery in Henderson Port WA
The total consignment was 5 Crates of cutting machinery at nearly 70 Tonne and 420 cubic metres. Given the size of the shipment our project team had to liaise many weeks in advance
Yang Ming CFO Declares Chaos Dominates Container Shipping Market
Yang Ming chief financial officer Peter Su said today he believes container shipping has become so chaotic that it is hard to explain port omissions and skipped sailings to shipper
Counterfeit Auto Parts on the Rise
A deadly gap has formed in the supply chain for after-market automotive parts. Authorities say they are tracking growing incidents involving counterfeit air bags in automobiles, in
Disruptions Impact Shipping Outlook
Ship backups that plagued seaports during the Covid pandemic are making a comeback, raising concerns about new delays and higher costs during this year’s peak shipping season. Fl
Hapag-Lloyd CEO Predicts Surge in Demand May Be Temporary
Hapag-Lloyd Chief Executive Rolf Habben Jansen said on Wednesday that demand for container shipments across the world’s oceans has risen significantly in recent weeks but the ups
Container xChange Predicts Container Price Bubble Will Burst in H2 2024
Container xChange, a leading player in the global container shipping market, released its June market forecaster report, showing a significant 45% surge in container prices in Chin
U.S. Container Imports Continue to Gain and Show Strong Growth
May 2024 marked another month of remarkable growth for U.S. container imports, registering a 6.2% increase from April and an 11.9% upswing year-on-year, according to data from Desc
