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The Prince Rupert Port Authority (PRPA) saw its annual cargo volumes drop last year which it attributed to intermodal supply chain disruptions particularly in the West Coast. The port located in British Columbia said volumes reach over 25 million...
ICTSI SUBIC WELCOMES WAN HAI’S CONSOLIDATED INTRA-ASIA SERVICE
17 January 2022Subic Bay International Terminals received the first call of Wan Hai Line’s consolidated Mindanao – Hong Kong – Taiwan (MHT) service in December. In a statement, the global container terminal operator said the earlier MHT service – the fastest co...
PSA SETS RECORD CONTAINER VOLUME IN 2021
14 January 2022PSA International Pte Ltd (PSA) handled record container volumes at its port projects across the world — reporting 91.5 million twenty-foot Equivalent Units (TEUs) last year. In a statement, it said the Group's volume increased by 5.6% over 2020,...
RECORD CARGO REPORTED AT THE PORT OF FELIXSTOWE
14 January 2022Hutchison Ports Port of Felixstowe has handled what is believed to be the largest number of containers ever on a single ship in Europe, according to its latest statement. The port noted that a total of 23,773 TEU (standard containers) were handle...
CONTAINER ROLLOVERS SET TO CONTINUE IN 2022
14 January 2022Container rollovers are expected to persist at least this year with the short-term outlook for the ocean freight market "stabilizing" and seasonal patterns in container logistics are gone. "Project44 intelligence estimates that supply chain extre...
Singapore has maintained its rank as the world's second busiest container port and was hailed again as the top maritime city in the world according to the Leading Maritime Cities (LMC) Norwegian report unveiled during the recent Singapore Maritime Fo...
Consideration of the “Container Dwell Fee” at the Port of Los Angeles and the Port of Long Beach will be further delayed until January 21, according to port officials, citing improved cargo movements since the announcement of the said fee in October....
The costs of shipping this year will be "higher than ever before" even if spot rates soften, according to the latest comment made by Xeneta chief analyst, Peter Sand. Sand, who is former chief shipping analyst at BIMCO, said in his weekly rates...
MAERSK ACCELERATES NET ZERO EMISSION TARGET TO 2040 FROM 2050
13 January 2022Maersk has set a more ambitious target for the entire A.P. Moller - Maersk business to achieve net zero greenhouse gas emissions in 2040 – one decade ahead of its initial 2050 plan. It also laid plans for 2030 which it said will ensure industry-l...
SINGAPORE REPORTS RECORD 37.5M TEU CONTAINER THROUGHPUT IN 2021
13 January 2022Singapore ended 2021 on a high note reporting record container throughput last year — while retaining its crown as the world's busiest transshipment and bunkering port. The Port of Singapore remained open and connected to the world in 2021 despit...
MAERSK SAYS SUPPLY CHAIN STRAIN TO CONTINUE FOR "SOME TIME"
13 January 2022Maersk expects the ongoing congestion issues to continue "for some time still" after 2022 started with more drag to the supply chain with the spread of the new Omicron variant of Covid-19. "2021 proved a challenging year for global supply chains,...
SEA-INTEL: “CONGESTION IS GETTING WORSE AGAIN”
11 January 2022Congestion and bottlenecks issues are "worsening" in 2022, according to a new report by Sea-Intelligence noting that as the situation from last year has yet to improve, the new Covid outbreaks are adding extra risk to the already-fragile supply chain...
Hongkong Post announced that all airmail services from the financial hub to France, Monaco and Reunion have been suspended.
California is eyeing a US$2.3 billion investment for its ports — including supply chain infrastructure and sustainability-related efforts. The state's governor, Galvin Newsom, unveiled the plan in his 2022-2023 state budget proposal, known as "Th...
ETHIOPIAN CARGO PUSHES DIGITALIZATION WITH BOOKING PORTAL
12 January 2022Ethiopian Cargo & Logistics Services has expanded its digital offering with the addition of an online cargo reservation platform. Customers can use the new site to verify flight schedules, space availability, freight loadability, and make real-ti...