Recent data indicates a downward trend in freight rates around the globe, with prices taking a steady tumble ahead of what is traditionally the commencement of the peak trading period. Here we take a closer look at the various geographical regions: Asia-Europe An early peak season that...
The containership MSC Marie has broken a record at the Panama Canal, becoming the largest vessel by TEU capacity ever to transit the waterway. The MSC Marie is 366 metres long, 51 metres wide and has a maximum capacity of 17,640 TEU and its arrival not only highlights...
The Maritime & Port Authority of Singapore (MPA) has announced that night movements of line-towed container barges will be allowed to and from the Pasir Panjang Terminal. This initiative aims to enhance connectivity with regional ports, as well as improve port efficiency, reduce the time...
Germany's United Services Union (ver.di) has recommended its members accept the latest offer from port employers in a long-running wage dispute that has regularly disrupted port operations at Hamburg, Bremen, Bremerhaven, Wilhelmshaven, Emden and Brake. A final decision regarding the acceptance of the offer will be...
Florida International Terminal (FIT) has successfully renewed its lease agreement at Port Everglades for another 10 years, following authorisation by the Broward Country Commissioners and the local Port Authority. This extended tenure will see FIT invest $25m into the container terminal over the next 24 months,...
A settlement has been reached between South Carolina Ports Authority (SC Ports) and the International Longshoremen's Association (ILA) that will see The Port of Charleston's Hugh K. Leatherman marine terminal finally re-open. The agreement reached gives Leatherman's crane operators a choice to remain state employees or...
Whilst vessel delays are lessening across key gateways such as Singapore, Ningbo, Qingdao and Klang in North and Southeast Asia, and equipment availability improves in China, it appears the converse is occurring across India. At Singapore there has been a slight improvement in wait times of...
Terminals across the globe appear to be operating in a timely manner, with only minor delays being experienced. North East Asia: Qingdao has a minimal one-day delay, whilst both Ningbo and Shanghai have a delay of one to 1.5 days. South East Asia: Singapore is...
Terminals across Australia are operating in adherence to schedules, with only minor delays being experienced in certain locations: Patrick Terminals are experiencing minimal delays of 0.5 days in Brisbane and Melbourne, with an average one-day delay in Sydney and two days in Melbourne. DP World...
The catastrophic ship collision and collapse of the Francis Scott Key Bridge has indefinitely blocked access in and out of the Port of Baltimore. A major hub for products such as cars, forest products, farm equipment and sugar, this incident will disrupt a key trade lane...