(Bloomberg) — Global goods trade is showing signs of accelerating after last year’s slump, pushing up shipping rates and giving some supply-chain managers flashbacks to the demand spike that disrupted…
https://gcaptain.com/freight-rate-surge-recalls-covid-chaos/
By Mike Wackett (The Loadstar)- Not only do ocean carriers have too many ships, they also have too many containers to fill vessels that are being deployed. In its latest Container Equipment…
https://gcaptain.com/fleet-heavy-ocean-carriers-also-stuck-with-too-many-containers/
BENGALURU, Nov 16 (Reuters) – JSW Infrastructure, India‘s No.2 commercial port operator, said on Thursday it won an order worth 41.19 billion rupees ($495 million) to develop a port in the southern state of Karnataka. The port at…
https://gcaptain.com/jsw-wins-develop-port-india-karnataka-state/
PANAMA CITY, Oct 31 (Reuters) – Daily ship crossings on the Panama Canal, one of the world’s main maritime trade routes, will be further reduced over the coming months due to a severe drought,…
https://gcaptain.com/panama-canal-says-will-slash-booking-slots-due-to-drought/
ASHDOD, Israel, Oct 25 (Reuters) – When wailing sirens warn of incoming rockets from Gaza, workers at Israel’s Port of Ashdod stop operations within moments and quickly resume their work minutes later when the…
https://gcaptain.com/israels-ashdod-port-toils-under-shadow-of-rockets/
BRUSSELS, Oct 10 (Reuters) – Cargo shipping companies will from next year no longer enjoy a decades-long exemption from EU rules against anti-competitive agreements because this derogation does not boost competition any more, EU…
https://gcaptain.com/container-shipping-lines-to-lose-eu-antitrust-exemption-from-2024/
MILAN, Oct 2 (Reuters) – Shipping group MSC has entered into a binding agreement to acquire a 50% stake in Italian passenger rail operator Italo, owned by U.S.-based Global Infrastructure Partners (GIP), it said on…
https://gcaptain.com/msc-to-buy-50-of-italian-passenger-rail-group/
(Bloomberg) — Flexport Inc. founder Ryan Petersen said ex-Chief Executive Officer Dave Clark’s ouster means the once high-flying freight technology company will focus on revenue growth and becoming profitable again…
https://gcaptain.com/petersen-returns-to-revive-flexport-profits-trade-for-all-goals/
There are few comparatively sized and remote locations as well connected to the world as Bermuda, and that connection comes in myriad forms: financially, recreationally, logistically. Especially logistically.
Cargo ShippingWe are able to take this connection for granted, and we...
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https://www.freightwaves.com/news/daily-infographic:-container-crisis
