United States President Donald Trump's announcement of tariffs on the nation's three biggest trade partners, Canada, Mexico and China, has raised global market concerns. The three tariffs, consisting of 25% tariffs on Mexican and Canadian imports and an additional 10% on China, have momentarily been paused...
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...
Vessel bunching caused by Typhoon Bebinca has seen operations disrupted at Shanghai and Ningbo ports, potentially impacting vessel schedules at destination ports. The strongest typhoon to hit Shanghai since 1949, the ships that moved away in anticipation of the storm will return over the coming days,...
With the exception of extended transit times, Asia-Europe container supply chains have remained relatively unscathed by the Red Sea crisis; however, the same cannot be said of European exporters to the Middle East and Indian subcontinent. Substantially longer transit times and sky-rocketing freight rates have resulted...
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...
Improved water levels have seen The Panama Canal Authority announce the opening up of three more daily transit slots (as of March 2024) to accommodate growing demand. These additional slots will increase the daily quota to 27, representing a significant increase from the daily limit...
The disruptions across the Red Sea continue unabated, with ongoing route diversions, prolonged transit times and associated delays resulting in an 80% volume reduction of maritime traffic across the Suez Canal. However, whilst the continued shipping diversions have seen rates surge 200% throughout January and February,...
Due to ongoing disruptions due to issues such as the Suez Canal and geopolitical tensions, shipping liners are imposing surcharges and higher freight rates, which are having a disproportionately large cost impact on small volume shippers. Since major operators began rerouting via Africa's Cape of Good...
DP World Australia has detected and began responding to a cyber security incident on Friday 10 November 2023. This has resulted in disruptions to port operations and freight services across Sydney, Melbourne, Brisbane and Fremantle. Whilst DP World did initially restrict landside access to Australian port...
With over 13% of all food produced globally lost per annum due to poor cold storage supply chains - that's $344million lost every year - having the right supply chain infrastructure is essential. Without effective cold storage supply chain infrastructure, the growth and safety of this global...