Analysts Predict Decline in Asia-Europe Freight Rates by 2025
Analysts from Asia-based container consultancy forecast drop in Asia-Europe box freight rates, expecting prices to plummet by over 70% by June.
Ports & Logistics
Ocean Network Express Expands Scandinavian Baltic Express Service
ONE has announced major upgrades to its Scandinavian Baltic Express (SBX) service to include the ports of Antwerp, Rotterdam, Rauma, and Gävle.
Swift Action Ends Canadian Rail Strike Within Hours
The Canadian rail strike concluded yesterday, just 18 hours after it began, as authorities acted swiftly to prevent a potential economic crisis.
Dutch Authorities Seize Over 700 kg of Cocaine at Rotterdam
In a string of drug busts over the past week, Dutch authorities have seized more than 700 kilograms of cocaine at the Port of Rotterdam.
Landlocked Malawi Secures Access to Mozambique Port
Malawi, a landlocked country, has successfully negotiated leased space at a port in Mozambique to build and operate a new terminal.
UK Firm Partners with DP World for DRC Deepwater Port
BII commits $35 million to DP World’s project at the Port of Banana, following collaborations between the two in Senegal, Egypt, and Somaliland.
Extinction Rebellion Blocks Port of Amsterdam
Extinction Rebellion block the entrance to the Port of Amsterdam in a protest that prevented a cruise ship and an oil tanker from docking
Canada Braces for Industrial Action at Freight Rail Companies
Canada is poised for industrial action at two leading freight rail companies starting Thursday, as employers and employees remain at an impasse.
Egyptian Bulk Carrier Detained at Paradip in Financial Dispute
An Egyptian-flagged bulk carrier, the Wadi Albostan, has been detained at Paradip Port in India following orders from the Orissa High Court.
Pacific International Lines to Launch China-Bangladesh Service
PIL is preparing to introduce a new service, the China-Chittagong Express, which will connect key ports in China with those in Bangladesh.
Shanghai Opens New Container Terminal at Luojing Port
Shanghai, the world's largest container port, has opened a new container terminal area north of the city on the south bank of the Yangtze River.
IMO Unveils Toolkit to Combat Insider Threats in Maritime
The International Maritime Organization has introduced a new toolkit aimed at enhancing the shipping industry's response to insider threats.
Major Drug Seizure at Botany Port by Australian Authorities
After a tip received through the US Homeland Security Investigation, the Australian Federal Police intercepted an illicit drug shipment.
ILA Prepares for Potential Strike on US East and Gulf Coasts
International Longshoremen’s Association gears up for a potential strike on the East and Gulf Coasts, which could have repercussions for US ports
ONE and SIPG Collaborate to Advance Alternative Marine Fuels
Ocean Network Express and Shanghai International Port Group sign agreement to advance the development and supply of alternative marine fuels.
Uniper Launches BioLNG at Rotterdam Terminal
German energy giant Uniper has taken a pioneering step by becoming the first company to supply BioLNG from the gate terminal in Rotterdam.
Panama Canal Increases Daily Transits After Consistent Rain
The Panama Canal will increase its daily capacity to 36 transits starting in September, thanks to consistently strong rainfall.
Port of Eden Prepares for Larger Cruise Ships & More Calls
Australian port of Eden is to accommodate larger ships and more frequent visits following modifications to the Eden Breakwater Wharf Extension.
Nassau Celebrates Inaugural Call From Utopia of the Seas
On July 21, Nassau Cruise Port welcomed Royal Caribbean International’s Utopia of the Seas on its inaugural call, according to a press release.
CMA CGM & Eurogate Potentially to Develop Hamburg Terminal
The port of Hamburg, traditionally dominated by local operators, is expected to see its third foreign liner investment.