Ningbo Port Explosion Expected to Disrupt Supply Chains
Container xChange, an online container trading and leasing marketplace, is warning of serious repercussions following the recent explosion aboard the Yang Ming vessel YM Mobility a
Airlines Report Cargo Operations ‘Severely Affected’ by Outage
Delays and backlogs are expected across the air cargo industry, following the Microsoft IT outage. Scan Global Logistics said that the CrowdStrike outage “may cause bottlenecks a
Kaohsiung Hit by Asia’s Container Congestion
The container congestion contagion effect appears to be manifesting itself in Taiwan with a recent build-up of boxes in its main gateway of Kaohsiung. Congestion in south-east Asia
Maersk’s New D&D Calculations Seen as Benefiting ‘Liner Pockets’
A change in the way Maersk calculates detention and demurrage (D&D) rules will not be effective in helping container flows and will only be beneficial to the pockets of contain
Moderation in Container Spot Rate Increases Hints at Approaching Peak
In the surest sign yet that soaring container spot freight rates may have reached something resembling a peak, this week’s indexes showed the smallest gains in months, while a co
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.
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
Positive Growth Evident in Global Trade Trends Early 2024
Global trade trends turned positive in Q1 2024, with goods and services trade increasing by 1% and 1.5% respectively, driven by the US, China, and India, according to UN Trade and
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
