Global Trade Set to Reach Record $33 Trillion in 2024
Global trade is projected to achieve a historic high of $33 trillion in 2024, as per a report from UNCTAD, the trade body of the United Nations.
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India to Mandate CCTV Installation on Ships by October 2025
India has announced a new requirement for all ships visiting its ports: the mandatory installation of CCTV systems by October 2025.
Brazil Launches $3 Billion Port Privatization Initiative
The Brazilian government has unveiled a plan to privatize its port sector, aiming to attract approximately $3 billion in private investments.
MSC's Stake in Hamburg Port Reshapes North Europe Trade Hub
Mediterranean Shipping Co, the largest container shipping line globally, has finalized its acquisition of a major stake in the Port of Hamburg.
Farmers Block Port of Holyhead in Protest Against Inheritance Tax
Farmers in North Wales staged a protest at the Port of Holyhead, obstructing access to oppose the introduction of a new 20% inheritance tax.
CMA CGM Introduces Maya Service for Central America Ports
French shipping giant CMA CGM has unveiled its new Maya Service, a weekly shipping route tailored to serve the West Coast of Central America.
Ocean Network Express Acquires Stake in Jakarta Terminal
Japanese shipping company Ocean Network Express has acquired a minority stake in New Priok Container Terminal One (NPCT1) in Jakarta, Indonesia.
Lisbon Cruise Port & City Win Top European Cruise Awards
Lisbon Cruise Port has been named Europe’s Best Cruise Terminal, while the city of Lisbon earned the title of Europe’s Best Cruise Destination.
Port of Montreal Labor Dispute Enters 90-Day Mediation Phase
Employers at Port of Montreal and the CUPE Local 375 union agree to enter a 90-day mediation period in an effort to reach a new labor agreement.
Darwin Port Operator Faces Financial Challenges Amid Concerns
Landbridge, the Chinese company operating Darwin Port Australia, announced financial struggles; possibility of NT government revoking its lease.
Engine Room Fire Disrupts Operations at Ningbo Port
On November 24, a fire broke out in the engine room of the container vessel GSL CHLOE as it was preparing to dock at Ningbo Port.
Ocean Network Express Introduces Two New European Services
ONE unveils two new shipping services, the Scandinavia Express and Iberia Europe, designed to improve efficiency and ensure greater reliability.
170 Protestors Arrested in Port of Newcastle Blockade
On November 24, the New South Wales police reported arresting 170 individuals involved in a blockade near the Port of Newcastle, Australia.
ILWU Files Lawsuit Against Canadian Government Over Strike Order
The International Longshore and Warehouse Union Local 514 has taken legal action against the Canadian government, challenging its intervention.
Hapag-Lloyd Updates China Germany Express Port Rotation
Hapag-Lloyd has announced an updated port rotation for its China Germany Express (CGX) service, set to take effect in January 2025.